SOURCE: NewMarket Latin America

July 31, 2008 12:16 ET

NewMarket Latin America, Inc. Announces $10.5 Million Contract and Issues Update on Consolidation and Listing Upgrade

DALLAS, TX--(Marketwire - July 31, 2008) - NewMarket Latin America, Inc. (PINKSHEETS: NLAI) today announced a three-year, $10.5 million contract in Bogota, Colombia that will substantially increase the Company's anticipated annual revenue. The operations being consolidated into NewMarket Latin America have approximate annual revenue of $20 million before any benefit from the $10.5 million contract announced today.

NewMarket Latin America, Inc. is in the process of being reconstituted, with systems integration operations in Brazil, Chile, and Venezuela, to be combined into the Company. NewMarket Latin America was formerly a financial service company with another name. As part of a comprehensive purchase agreement, the Company's corporate name has been changed to NewMarket Latin America, Inc. and the former company's delinquent filings are being updated and filed to bring the organization current with Security and Exchange Commission requirements. The public reporting compliance update has taken longer than anticipated, but is expected to be complete this year. The systems integration operations currently doing business as NewMarket Latin America are also planned to be formally consolidated into the reconstituted company this year. Once the compliance update and consolidation are complete, the Company will take the necessary steps to upgrade its listing to the Over the Counter Bulletin Board (OTCBB) Exchange.

For more information regarding the contract announced today or the corporate reconstitution and consolidation, please contact NewMarket Latin America Investor Relations at ir@newmarketlatinamerica.com or 214-722-3065.

Company Updates and Information

To be added to NewMarket Latin America's e-mail database for shareholders and interested investors or to receive information on the company, please send an e-mail to ir@newmarketlatinamerica.com.

About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com)

NewMarket Latin America provides world-class systems integration services through relationships with Hyperion, Oracle, SAP, SSA Global, Microsoft and many more. NewMarket Latin America has major customers in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries.

NewMarket Latin America deliver solutions to regional customers in addition to specializing in helping U.S. clients expand their businesses and operations into one of the fastest growing economic regions in the world. NewMarket Latin America has offices and operations throughout Latin America.

NewMarket Latin America also identifies emerging technologies developed within the region and brings those latest technologies to market worldwide. These innovations help clients grow their businesses and gain a new competitive advantage.

"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.

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