-- Revenue and Net Income growth by quarter since Q1 2006
-- Balance Sheet and Statement of Operations highlights and discussion
-- Shareholder Equity and Total Asset growth
-- 2008 $50 million revenue forecast
-- Possible augmented revenue forecast from acquisitions actively being
sought in North America and Asia
-- Focus on improving fundamental financial performance
Financial Report Highlights
-- Working capital up 100% over Q1 2007 ($4.54m v. $2.27m)
-- Revenue up 20% from Q1 2007 ($8.5m v. $7.1m)
-- Total Assets up 34% from Q1 2007 ($8.5m v. $6.3m)
-- Shareholders' Equity Increased 55% over Q1 2007 ($3.3m v $2.1m)
-- Net Income (before currency translation) up from Q1 2007 ($97k v. -
$16k)
Corporate E-mail Updates
To be added to NewMarket China's e-mail database to receive company updates
or to obtain more information on the Company, please send an e-mail 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.
Contact Information: Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com www.newmarketchina.com