SOURCE: NewMarket Latin America

August 05, 2008 09:15 ET

NewMarket Latin America, Inc. Updates Shareholders on Progress to Meet or Exceed $30 Million Profitable Revenue Forecast for 2008

DALLAS, TX--(Marketwire - August 5, 2008) - NewMarket Latin America, Inc. (PINKSHEETS: NLAI) today released a letter to shareholders from CEO Aubrey Brown. The letter reports the Company's progress year-to-date towards meeting or exceeding its $30 million profitable revenue forecast for 2008. Mr. Brown further updates shareholders on the Company's progress to upgrade the NewMarket Latin America listing to the Over the Counter Bulletin Board Exchange (OTCBB) and complete the consolidation of all operations into the Company. The letter is included in its entirety below:

Dear Fellow Shareholders:

The Company is well on track to meet or exceed the $30 million revenue forecast guidance issued by management for the fiscal year 2008. Year-to-date sales have been better than anticipated, and in addition to possibly increasing our revenue guidance, the Company is confidently on track to realizing a healthy profit.

Here are some recent sales highlights:

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

NewMarket Latin America, Inc.'s UniOne Consulting Implements Oracle's BIEE for Brazilian Distribuidora de Medicamentos Santa Cruz

NewMarket Latin America, Inc. Announces RKM IT Solutions' Microsoft Annual Sales Increase of 235%

NewMarket Latin America, Inc. Announces RKM IT Solutions' Multi-Year Microsoft Enterprise Agreement With Electricidad de Caracas

NewMarket Latin America, Inc. Announces UniOne Consulting's Multi-Continent Contract With $10 Billion Global Mining Leader Anglo American

NewMarket Latin America, Inc. Announces RKM IT Solutions' Service Expansion for Molina Agencia de Viajes Increasing Contract Revenue by 295%

NewMarket Latin America, Inc. Announces UniOne's Completion of Oracle's Hyperion Business Intelligence Implementation for Movistar

NewMarket Latin America, Inc. Announces RKM IT Solutions' Sale of a Microsoft License for Workstations and Servers to Seguros Venezuela, C.A.

NewMarket Latin America, Inc. Announces RKM IT Solutions' Sale of Microsoft License to Banco Real, Banco de Desarrollo, C.A.

NewMarket Latin America, Inc. Announces UniOne's Oracle Hyperion Project for Chile Ministry of Education

NewMarket Latin America, Inc. Announces UniOne Oracle Project Highlights for ING Chile

As you can see from the announcements highlighted above, sales have progressed well this year and we do not see a slow down. In fact, we anticipate sales to increase throughout the balance of the year in keeping with our historical seasonality in which our largest sales have occurred in the third and fourth quarter of the year.

While sales are going well, we are behind in our anticipated reconstitution of NewMarket Latin America, Inc. and the planned upgraded listing. The Company is in the process of consolidating systems integration operations in Brazil, Chile, and Venezuela. 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. I will not make excuses for the delay. We simply underestimated the required effort, but we expect to complete the process 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.

Thank you for your interest in NewMarket Latin America. Thank you also, for your support. I look forward to providing you future updates and reporting an overall record year for the Company in 2008.

Best Regards,

Aubrey Brown

For more information, 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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