SOURCE: NewMarket China, Inc.

May 01, 2008 09:25 ET

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

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 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 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

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About NewMarket China, Inc. (

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.


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.

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