Contact Information: Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com www.newmarketchina.com
NewMarket China, Inc. Forecasts Anticipated 25% Growth in 2008 to $50 Million in Profitable Revenue
Company Reported $29.5 Million in 2006 Revenue and Estimates Reporting $40 Million for 2007 Revenue
| Source: NewMarket China, Inc.
DALLAS, TX--(Marketwire - February 27, 2008) - NewMarket China, Inc. (OTCBB : NMCH ) today
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 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.
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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.