May 2, 2008 - 3:34 PM EDT
NewMarket China, Inc. Enjoys Sales Boost With Brand Name Partners Like HP, IBM, Lenovo, Sony and Canon and Anticipates Increased 2008 Forecast
Company Reported 2007 36% Revenue Increase to $40 Million and 83% Net Income Increase Over 2006
NewMarket China, Inc. (OTCBB: NMCH) today announced that Company sales are benefiting from the increased demand for the brand name products it sells, integrates and supports. NewMarket China is a partner in China for Sony, Canon, HP, IBM and Lenovo, among other well known brands. All of NewMarket China's vendor partners are enjoying increased sales in China. NewMarket China has benefited from this increased demand and preliminary first quarter results indicate the Company will continue to benefit from ongoing high demand.
Strategic Plan Update Webcast Scheduled for May 14, 2008 at 4:30 PM EDT
The Company has scheduled a Webcast for 4:30 pm EDT on May 14, 2008 to present a strategic plan update. A link to the Webcast will be 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.
NewMarket China Partner Sales Track Record
Source: Individual Company 2007 Annual Reports
-- Lenovo - $3.35 billion out of a total of $ 8.35 in
sales coming from Greater China
-- That's 40% of sales from China
-- HP - $69.4 billion out of $104.28 billion in total sales
coming from overseas
-- That's 67% of its sales coming from outside of the U.S.
-- Sony - only 26.9% of sales are in U.S.
-- 22.9% come from regions outside of Europe, U.S. and Japan
-- IBM - 21% of sales come from Asia Pacific
-- Their stand alone China sales have grown over 10%.
-- Canon - Sales outside of the Americas, Japan and Europe outpaced
all other regions with 11.5% growth
-- Sales in Japan, Canon's home country only grew at 6.8%
-- Sales in the Americas grew only 3.1%
-- Sales in Europe grew only 5.3%
-- 32% of total sales coming from outside of Americas, Europe
and Japan
Recent CEO Letter to Shareholders
Yesterday, NewMarket China released a letter to shareholders from CEO John T. Verges. The letter highlights the Company's rapid growth to $40 million in 2007 revenue and financial performance over the past five quarters since the Company's reorganization. Additionally, the letter goes on to discuss how the current share price performance has not yet reflected the Company's fundamental financial performance. The letter, which provides thoughtful internal analysis on share price performance potential, is meant to provide ongoing insight to shareholders and investors in regard to management's ongoing commitment to the Company's vision while current market performance is not necessarily conveying fundamental financial progress. The CEO's intention is to open a dialogue with shareholders and investors on the relationship between operational performance and share price performance.
To receive a copy of the letter in its entirety, contact the Company at
ir@newmarketchina.com or 214-722-3065.
Corporate Fact Sheet
If you would like to receive a corporate fact sheet highlighting the Company's operations, business plan and technology partners, or to be added to the corporate e-mail list for updates, please send and e-mail to
ir@newmarketchina.com.
NMCH - NewMarket China, Inc.- Penny Stock- Telecommunication Services
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