NewMarket China, Inc. Earns Newcomer Recognition on Dallas Top Public Company Rankings That Include ExxonMobil, EDS, Southwest Airlines and Texas Instruments
Market Wire, April, 2008
NewMarket China, Inc. (OTCBB: NMCH) today announced that the Company has been named one of the Top 200 Public Companies in the Dallas-Fort Worth (DFW) Metroplex by the Dallas Business Journal. Additionally, NewMarket China was featured as one of 11 newcomers to the annual list, along with Comerica, Metro PCS and Cinemark Holdings. NewMarket China provides high quality software development services, hardware services and digital multimedia outsourcing.
Rapid Growth and 2008 Outlook
NewMarket China has experienced rapid growth over the past two years, growing from $29.5 Million in revenue in 2006 to $40 million in revenue in 2007, with a net income increase of 83%. The Company has set its 2008 revenue goal at $50 Million. NewMarket China plans to achieve this revenue goal through improving fundamental financials, continued organic growth and acquisitions, which the Company is actively seeking in China and North America.
Sales Initiatives Launched in Latin America
Additionally, NewMarket China recently announced launching sales initiatives in Latin America ( http://biz.yahoo.com/iw/080428/0390970.html ). The sales efforts, which have been launched in Brazil and Chile are expected to augment the Company's 2008 revenue goal of $50 million. The Company has already established sales providing solutions to clients in North America. NewMarket China's services are competitively priced and the Company anticipates gaining sales traction quickly within the burgeoning South American economy.
2007 Year-End Webcast Available for Review
Recently, the Company CEO and CFO held a Webcast to review 2007 operational and financial results. An archive of the call can be reviewed at http://www.investorcalendar.com/IC/CEPage.asp?ID=127668 .
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 e-mail to ir@newmarketchina.com .
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.
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Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com http://www.newmarketchina.com
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