Contact Information: Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com www.newmarketchina.com
NewMarket China, Inc. Releases CEO Letter to Shareholders Highlighting Share Price Potential in Relation to Fundamental Financial Performance
Company Reported 2007 36% Revenue Increase to $40 Million and 83% Net Income Increase Over 2006, Not Yet Reflected in Share Price Appreciation
| Source: NewMarket China, Inc.
DALLAS, TX--(Marketwire - May 1, 2008) - NewMarket China, Inc. (OTCBB : NMCH ) today
released a letter to shareholders from CEO John T. Verges. The letter
highlights the Company's meteoric growth to $40 million in 2007 revenue and
financial performance over the past five quarters since the Company's
reorganization. The letter goes on to discuss how the current share price
performance has not yet reflected the Company's fundamental financial
performance.
Operational Performance Not Yet Reflected in Otherwise Low Share Price
The letter provides thoughtful internal analysis on share price performance
potential. The purpose of the letter is to provide ongoing insight to
shareholders and investors in regard to management's ongoing commitment to
the Company's vision while current market performance is not necessarily
conveying fundamental financial progress. The CEO's intention is to open a
dialogue with shareholders and investors on the relationship between
operational performance and share price performance.
To receive a copy of the letter in its entirety contact the Company at
ir@newmarketchina.com or 214-722-3065.
Company's Operational Overview for Services Provided in Mainland China
NewMarket China provides a wide range of technology services to include
hardware and software sales, support and customization within China, with
current operations mainly in Shanghai, Ningbo and Hangzhou. In 2007, the
Company expanded its software development services outside of China and
signed initial contracts in North America.
Rapid Growth From $29.5 Million to $40 Million in Revenue and 2008 Outlook
NewMarket China has experienced rapid growth over the past two years,
growing from $29.5 million in revenue in 2006 to $40 million in revenue in
2007, with a net income increase of 83%. The Company has set its 2008
revenue goal at $50 million. NewMarket China plans to achieve this revenue
goal through improving fundamental financials, continued organic growth and
acquisitions, which the Company is actively seeking in China and North
America.
Strategic Plan Update Webcast Scheduled for May 14, 2008 at 4:30 PM EDT
The Company has scheduled a Webcast for 4:30 pm EDT on May 14, 2008 to
present a strategic plan update. A link to the Webcast will be available
at http://www.investorcalendar.com/IC/CEPage.asp?ID=127668. Also available
at this link is an archive to the recent Webcast reviewing 2007 operational
and financial results conducted by the Company CEO and CFO.
Corporate Communications and Fact Sheet
If you would like to receive email updates on the company or a corporate
fact sheet highlighting the Company's operations, business plan and
technology partners, please send an email to ir@newmarketchina.com.
About NewMarket China, Inc. (www.newmarketchina.com)
NewMarket China, Inc. is a technology leader in the rapidly developing
Chinese market specializing today in software engineering, high quality
software development and digital multimedia outsourcing services delivered
to customers globally. At the same time, the firm is a systems integrator
and value added reseller of major global hardware brands in the Chinese
domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, NewMarket
China bridges the gap between Western and Eastern business cultures to
assist Western clients in realizing the advantages of the high quality, low
cost technology products and services available from China. NewMarket China
also assists Western clients in localizing products and services to realize
the tremendous growth potential available by expanding into the Chinese
Market.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995
This press release contains forward-looking statements that involve risks
and uncertainties. The statements in this release are forward-looking
statements that are made pursuant to safe harbor provision of the Private
Securities Litigation Reform Act of 1995. Actual results, events and
performance could vary materially from those contemplated by these
forward-looking statements. These statements involve known and unknown
risks and uncertainties, which may cause NewMarket's actual results in
future periods to differ materially from results expressed or implied by
forward-looking statements. These risks and uncertainties include, among
other things, product demand and market competition. You should
independently investigate and fully understand all risks before making
investment decisions.