SOURCE: NewMarket China, Inc.

February 29, 2008 09:29 ET

NewMarket China, Inc. Corporate Overview Report on Yahoo! Finance Following 2008 $50 Million Revenue Forecast and $0.83 vs. $0.11 PPS Recommendation Announcements

PrecisionIR Delivers NewMarket China Report on Continued Rapid Growth

DALLAS, TX--(Marketwire - February 29, 2008) - NewMarket China, Inc. (OTCBB: NMCH) today announced a new Corporate Overview Report available on Yahoo! Finance. The report features NewMarket China's rapid growth from zero to nearly $40 million in annual revenue in just three years. Additionally, the report features an overview of the Company's services, locations, subsidiaries, technology partners and management.

To request a copy of the NewMarket China Corporate Overview Report, please go to and click "Annual Report for NMCH.OB" under the company's stock chart. The report on Yahoo! Finance has been provided as a service by PrecisionIR ( PrecisionIR is well known for its Vcall service, providing corporate earnings calls in addition to other webcasts and interactive webinar services.

25% Forecasted 2008 Growth to Profitable $50 Million in Revenue

NewMarket China announced this week a 2008 forecast anticipating twenty-five percent growth to $50 million in profitable revenue. The Company reported $29.5 million in revenue in 2006 and estimates reporting $40 million in revenue for 2007. The Company has reported $27.9 million in revenue for the first three quarters of 2007. The Company has maintained breakeven profitability for the last two years. The anticipated revenue increase has been forecasted on expected organic growth from current operations. Management is considering acquisition opportunities as well as investments to increase sales in North America, fulfilled from its Chinese operations. Any potential revenue from prospective acquisitions will be added to the 2008 forecast after any acquisition is completed.

Micros Research Report Fair Value Target Price of $0.83

Research coverage of NewMarket China was initiated by Micros Report earlier this year. The report states, "With three years of operational history in mainland China and roughly $90 million in aggregate revenues, NewMarket China is an interesting young company that is proving its high growth business model in a high growth geographic area. The company was formed in 2005, setting its sights on the technology industry and the upshot potential in China specifically."

The Fair Value Target price for NMCH of $0.83 was established using a peer comparison study and widely accepted valuation methodologies including Price-to-Earnings, Price-to-Book, and Price-to-Sales. The Analyst Report can be viewed in its entirety at

Corporate Email Updates

To be added to NewMarket China's e-mail database to receive company updates, please send an e-mail to

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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