SOURCE: NewMarket China, Inc.

March 03, 2008 09:51 ET

NewMarket China, Inc., Director Paul K. Danner, to Interview on CEOcast to Review $50 Million Revenue Forecast and $0.83 vs. $0.11 PPS Recommendation

DALLAS, TX--(Marketwire - March 3, 2008) - NewMarket China, Inc. (OTCBB: NMCH) today announced Managing Director of Asian Operations, Paul K. Danner will interview with CEOcast tomorrow at 9 AM EST. Mr. Danner recently joined NewMarket China in a newly created role and will discuss his agenda in his new role in the interview. Additionally, Mr. Danner will review the Company's rapid three-year growth to approximately $40 million in annual revenue and the 2008 forecast to continue to grow organically to a profitable $50 million in annual revenue. In the interview, Mr. Danner will also discuss a recent analyst report on NewMarket China recommending a fair market target price per share of $0.83 vs. the recent $0.11 price per share.

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

NewMarket China recently announced 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 already reported $27.9 million in revenue for the first three quarters of 2007 and has maintained breakeven profitability for the last two years. The anticipated revenue increase is based 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

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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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