SOURCE: NewMarket China, Inc.

August 15, 2007 09:16 ET

NewMarket China, Inc. Second Quarter 2007 Revenue Increases 44% Over First Quarter to $10.2 Million

DALLAS, TX--(Marketwire - August 15, 2007) - NewMarket China, Inc. (OTCBB: NMCH) today announced filing SEC Form 10-QSB reporting the financial results for the second quarter of 2007. The high growth company concentrated on expanding its emerging technology operations in China and reported a revenue increase of 44% over the first quarter of 2007. The Company's $10.2 million in revenue in the second quarter brings the overall revenue for the first six months of the year to $17.3 million. The net income is currently negligible. The Company was listed publicly last year through a reverse merger. The Company's operations in China achieved $29 million in revenue in 2006. 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.

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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 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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