Contact Information: Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com www.newmarketchina.com
NewMarket China, Inc. CEO Anticipates Increase to 2008 $50 Million Revenue Forecast as Result of Acquisition Strategy Highlighted in Webcast Yesterday
| Source: NewMarket China, Inc.
DALLAS, TX--(Marketwire - May 15, 2008) - NewMarket China, Inc. (OTCBB : NMCH ) CEO, John T.
Verges, conducted a Webcast yesterday at 4:30 PM EDT to present a strategic
plan update. Mr. Verges highlighted the Company's plan to tune the
corporate direction in accordance to what management has learned about
doing business in China over the last three years. NewMarket China has
grown from concept, to reporting $40 million in revenue in 2007. The
Company has also established net income traction and anticipates improving
fundamental financial performance in 2008. Mr. Verges previously announced
a $50 million 2008 revenue forecast. In yesterday's Webcast, Mr. Verges
discussed NewMarket China's acquisition plans and the potential for the
2008 revenue forecast to be augmented as a result of acquisition.
A link to the Webcast is available at
http://www.investorcalendar.com/IC/CEPage.asp?ID=127668. Also available at
this link is an archive to the recent Webcast reviewing 2007 operational
and financial results conducted by the Company CEO and CFO.
Corporate Communications and Fact Sheet
If you would like to receive email updates on the Company or a corporate
fact sheet highlighting the Company's operations, business plan and
technology partners, please send and email to ir@newmarketchina.com or call
214-722-3065.
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.