SOURCE: NewMarket China, Inc.

May 20, 2008 09:25 ET

NewMarket China, Inc. Announces Profitable First Quarter Revenue Increase of 20% to $8.5 Million Compared to First Quarter 2007

Shareholder Webcast Scheduled at 4:15 EDT Wednesday, May 21, to Review First Quarter Performance and 2008 Outlook

DALLAS, TX--(Marketwire - May 20, 2008) - NewMarket China, Inc. (OTCBB: NMCH) announced today that the company has filed SEC Form 10-QSB reporting the Company's performance for the first quarter of 2008. NewMarket China has reported $8.5 million in revenue for the first quarter of 2008, reflecting a 20% increase in revenue over the first quarter of 2007. Net income for the first quarter was $97 thousand compared to a $16 thousand loss for the same period last year.

"The Company has forecasted a 20% or better increase in sales to a total of approximately $50 million in revenue for 2008," said John Verges, CEO NewMarket China, "The first quarter has historically been our slowest sales period due to the lengthy Chinese New Year holiday season. Realizing a 20% increase in the first quarter is a strong indication that we are well on our way to realizing our annual forecast. We are even more pleased with the fact we are continuing to improve our fundamentals by showing a profit. The Company is demonstrating healthy growth and is steadily improving its financial performance."

Financial Highlights

--  Revenue for 1st quarter 2008 increased 20% from 1st quarter 2007
    ($8.5m v. $7.1m)
--  Net income (before currency translation) for 1st quarter 2008  was
    $97k compared to a $16k loss for 1st quarter 2007
--  Stockholders' equity increased 34% from same quarter last year ($3.3m
    v. $2.1m)
    

First Quarter Financial Webcast

NewMarket China management will review YTD financials in a Webcast scheduled for 4:15 PM EDT on Wednesday, May 21, 2008. The Webcast can be accessed at http://www.investorcalendar.com/IC/CEPage.asp?ID=127668.

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.

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