SOURCE: NewMarket China, Inc.

November 13, 2007 10:20 ET

NewMarket China, Inc. Releases 3rd Quarter Report With $27.9 Million Revenue YTD

DALLAS, TX--(Marketwire - November 13, 2007) - NewMarket China, Inc. (OTCBB: NMCH) today announced filing SEC Form 10-QSB reporting the financial results for the third quarter of 2007. The high growth company concentrated on expanding its systems integration and emerging technology operations in China and reported revenue of $10.6 million, bringing total revenue for the first three quarters to $27.9 million compared favorably to 2006 total revenue for all four quarters of $29.5 million. Net income for the three months ended September 30, 2007 was approximately $58 thousand after accounting for minority interest. NewMarket China's management has set a 2007 annual revenue target of $40 million. The Company is currently executing on plans to leverage its existing operations to expand into higher margin services and markets to substantially increase future net income. The Company was listed publicly near the end of last year through a reverse merger.

NewMarket China's parent company, NewMarket Technology, Inc. (OTCBB: NMKT) will be conducting a webcast on Monday, November 19, 2007 at 4:30 pm EST to review the Company's 3rd quarter financial performance, including results for NewMarket China. Log on details for the webcast will be available on on the home page under "Current Events" by Wednesday, November 14, 2007 or can be accessed at

To be added to NewMarket China's corporate e-mail list for shareholders and interested investors, 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 China'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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