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NMCH.OB: Summary for NEWMARKET CHINA INC - Yahoo! Finance
NMCH resistance at .053 .065 ahead and could be one to watch if we can hold .045 .04 support. NMCH - SharpCharts from StockCharts.com
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I am not a registered broker so please buy and sell on your own choice. These are just my opinions and should not be used for buy/sell signals. Please check out disclaimer for any market awareness for any of the above mentioned stocks. |
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NewMarket China, Inc. to Launch New Lines of Business in 2008, Augmenting Existing Technology Service Offerings and Increasing Total Revenue Beyond Current Forecast
Wednesday April 30, 11:58 am ET Company to Present Strategic Plan Update in Webcast May 14 Detailing Expansion Plans and Time Frames for Anticipated Revenue and Net Income Increases DALLAS, TX--(MARKET WIRE)--Apr 30, 2008 -- NewMarket China, Inc. (OTC BB:NMCH.OB - News) today announced plans to expand current operations into new lines of business. The Company currently provides a wide range of technology services to include hardware and software sales, support and customization. The Company has already expanded its software development services outside of China and signed initial contracts in North America. In a Webcast scheduled for 4:30 pm EDT on May 14, 2008, management will unveil plans to launch additional lines of business, to include details on anticipated revenue and net income increases resulting from the new business lines. A link to the Webcast will be available at NewMarket China. 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. Highlights of that Webcast include: Operational Highlights -- NewMarket China is a 3-year-old, U.S.-based technology company with operations in China, primarily Shanghai, Ningbo and Hangzhou -- Incorporated in 2005 and began trading on the OTCBB in October 2006 through a reverse merger -- Robust systems integration business with an initial focus on computer hardware, expanding into higher margin products and services -- VAR of recognized brands such as IBM, HP, Canon, Hitachi, Olympus, Sony and Epson -- Focus on building software outsourcing to customers in North America and Latin America -- Established working relationships with government agencies Torch and SMIA -- Operating in region with one of the fastest growing GDPs in China with plans to expand to beyond this region 2007 Financial Highlights -- Revenue for 2007 up 36% from 2006 ($40.0m v. $29.5m) -- Net income (before currency translation) for 2007 up 83% from 2006 ($991k v. $542k) -- Stockholders' equity up 55% from year-end 2006 ($2.6m v. $1.7m) -- Gross profit for 2007 up 41% from 2006 ($1.8m v. $1.3m) -- Cash position up 27% over last year ($1.5m v. $1.2m) -- Cash flow from operations for 2007 was up 97% from 2006 ($840k v $427k) 2008 Company Outlook The Company has set its 2008 revenue goal at $50 Million. NewMarket China expects to increase revenue and profitability during 2008 through execution of an aggressive acquisition plan, as well as continued organic business growth through its existing operating entities. 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 an e-mail to ir@newmarketchina.com. About NewMarket China, Inc. (NewMarket China) ADVERTISEMENT 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: Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com NewMarket China Source: NewMarket China, Inc.
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I am not a registered broker so please buy and sell on your own choice. These are just my opinions and should not be used for buy/sell signals. Please check out disclaimer for any market awareness for any of the above mentioned stocks. |
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NewMarket China, Inc. Releases CEO Letter to Shareholders Highlighting Share Price Potential in Relation to Fundamental Financial Performance
Thursday May 1, 9:24 am ET Company Reported 2007 36% Revenue Increase to $40 Million and 83% Net Income Increase Over 2006, Not Yet Reflected in Share Price Appreciation DALLAS, TX--(MARKET WIRE)--May 1, 2008 -- NewMarket China, Inc. (OTC BB:NMCH.OB - News) today released a letter to shareholders from CEO John T. Verges. The letter highlights the Company's meteoric growth to $40 million in 2007 revenue and financial performance over the past five quarters since the Company's reorganization. The letter goes on to discuss how the current share price performance has not yet reflected the Company's fundamental financial performance. Operational Performance Not Yet Reflected in Otherwise Low Share Price The letter provides thoughtful internal analysis on share price performance potential. The purpose of the letter is 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. ADVERTISEMENT Company's Operational Overview for Services Provided in Mainland China NewMarket China provides a wide range of technology services to include hardware and software sales, support and customization within China, with current operations mainly in Shanghai, Ningbo and Hangzhou. In 2007, the Company expanded its software development services outside of China and signed initial contracts in North America. Rapid Growth From $29.5 Million to $40 Million in Revenue 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. 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. 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 an email to ir@newmarketchina.com. About NewMarket China, Inc. (NewMarket China) 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: Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com NewMarket China Source: NewMarket China, Inc.
__________________
I am not a registered broker so please buy and sell on your own choice. These are just my opinions and should not be used for buy/sell signals. Please check out disclaimer for any market awareness for any of the above mentioned stocks. |
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I don't believe in doing DD on microcaps. You do with your time what you want. I believe in charts because they are based on numbers. Mathematics is the ONLY pure science, everything else is subjective. I am responsible for my decisions, not yours. I am not perfect and I strongly suspect you are not either. But I might be wrong. |
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up 80% so far, resistance now at .096 but look for a pullback coming imo
__________________
I am not a registered broker so please buy and sell on your own choice. These are just my opinions and should not be used for buy/sell signals. Please check out disclaimer for any market awareness for any of the above mentioned stocks. |
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Quote:
![]() I do agree that the company is recently showing some good performance. However a look at the P&F chart shows a lot of hurdles before one can say there is a turnaround.
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I am not a broker....just a chartist that retired 4 years ago and invests in the stockmarket. Do your own DD and accept or reject my observations as you wish. |
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