NewMarket China, Inc. Reports 36% Revenue Increase to $40 Million in 2007 With 83% Net Income Growth in SEC Form 10-KSB Annual Report

Company to Conduct Earnings Webcast Wednesday, April 9, 2008 at 5:00 PM EDT to Review Annual Report


DALLAS, TX--(MARKET WIRE)--Apr 1, 2008 -- NewMarket China, Inc. (OTC BB:NMCH.OB - News) announced filing SEC Form 10-KSB to report on the Company's 2007 business operations and financial performance. The Company reported $40.0 million in revenue, increasing revenue by 36% over 2006. Net income increased 83% from $542 thousand in 2006 to $991 thousand in 2007.






Financial Report Highlights

Balance Sheet:

-- Cash position up 27% over last year ($1.5m v. $1.2m)
-- Stockholder's equity up 55% from year-end 2006 ($2.6m v. $1.7m)

Statement of Operations:

-- Revenue for 2007 up 36% from 2006 ($40.0m v. $29.5m)
-- Gross profit for 2007 up 41% from 2006 ($1.8m v. $1.3m)
-- Net income (before currency translation) for 2007 up 83% from 2006
($991k v. $542k)

Cash Flow:
-- Cash flow from operations for 2007 was up 97% from 2006 ($840k v $427k)

Earnings Webcast Scheduled for April 9, 2008 at 5:00 PM EDT

John T. Verges, CEO, and Philip J. Rauch, CFO, will conduct an audio Webcast on Wednesday, April 9, 2008 at 5:00 p.m. EDT to discuss the Company's 2007 annual report.

The call is being Webcast by Vcall and can be accessed at http://www.investorcalendar.com/IC/CEPage.asp?ID=127668. A recording of the call will be available after April 9th for review for at least thirty days.

$50 Million 2008 Revenue Goal

NewMarket China recently announced a 2008 forecast anticipating twenty-five percent growth to $50 million in profitable revenue. The anticipated revenue increase is based 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.

Corporate Overview Now Available on Yahoo! Finance

A NewMarket China Corporate Overview Report is now available on Yahoo! Finance. The report features NewMarket China's rapid growth in the past three years in addition to an overview of the Company's services, locations, subsidiaries, technology partners and management.

To request a copy of the report, please go to http://finance.yahoo.com/q?s=nmch.ob and click "Download Annual Report" under the company's stock chart. A copy of the report is also available by contacting Investor Relations at ir@newmarketchina.com.

Corporate E-mail Updates

To be added to NewMarket China's e-mail database of shareholders and interested investors or to receive more information on the Company please send an 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.