Company Reported $29.5 Million in 2006 Revenue and Estimates Reporting $40 Million for 2007 Revenue
DALLAS, TX--(MARKET WIRE)--Feb 27, 2008 -- NewMarket China, Inc. (OTC BB:NMCH.OB - News) today announced a 2008 forecast anticipating twenty-five percent growth to $50 million in profitable revenue. The Company reported $29.5 million in revenue in 2006 and estimates reporting $40 million in revenue for 2007. The Company has reported $27.9 million in revenue for the first three quarters of 2007. The Company has maintained breakeven profitability for the last two years. The anticipated revenue increase has been forecasted on expected organic growth from current operations. Management is considering acquisition opportunities as well as investments to increase sales in North America, fulfilled from its Chinese operations. Any potential revenue from prospective acquisitions will be added to the 2008 forecast after any acquisition is completed.
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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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