Archive for the ‘NewMarket China Inc. NMCH’ Category

Name Change for NewMarket China, Inc. (NMCH.OB) – Now China Crescent Enterprises, Inc.

Friday, May 30th, 2008

In a recent press statement, NewMarket China, Inc. announced its intent to henceforth be known as China Crescent Enterprises, Inc. in an effort to distinguish itself from its parent organization, NewMarket Technology, Inc.

Formerly the Intercell International Corporation, the company was acquired by NewMarket Tech. in 2006. After a subsequent reorganization, it became known as NewMarket China, and began trading under the symbol: NMCH.

The goal of the company is to bridge the gap between Eastern and Western corporate practices, acting as an international partner to US companies in the developmental stages of business. Low development and manufacturing costs in China appeal to fledgling corporations in America, allowing them the opportunity to globally expand operations.

Changes to a company’s billing traditionally require between 30 to 60 days to take effect. The company hopes to have completed the process by late June, pending SEC approval. According to the announcement, the new name choice is meant to ‘draw parallels between the light that is shed on a waxing crescent moon and the rapid growth of China’s emerging economy.’

Let us hear your thoughts below:

New Market China, Inc. (NMCH.OB) – CEO Reiterates Expected 25% Sales Growth in 2008

Friday, May 16th, 2008

In a webcast yesterday, John T. Verges, CEO of NewMarket China, Inc. repeated that he expects a 25% sales increase for the company in 2008. Based on business currently in place, he forecasts sales of $50M in 2008, up from $40M in 2007. Verges also stated that the company is working hard to obtain additional business, and that he could change his revenue projection later in the year. He said that additional business could result either from acquisition or from obtaining new business in Latin America.

NewMarket China, Inc has two main business segments: 1. It provides technology and telecommunication services to customers in China, and 2. It provides software development and maintenance outsourcing services to US customers. The diversification of products and services has allowed it to “get its foot in the door” by selling lower-margin computer hardware and networking services in the Chinese market, and to leverage that experience to provide higher value-added software development outsourcing services.

When the company began doing business in 2006, it first concentrated on establishing relationships in China, so that it could quickly grow its sales. It recognized that, unlike developed Western economies, the Chinese market places higher value on tangible assets such as computer hardware, rather than on intangible assets such as software development expertise. With this in mind, NewMarket China’s early focus was to sell and integrate computer hardware technology, rather than to be a high value-added software developer. It sells such well-known brands as Hewlett-Packard, Sony, IBM, Lenovo, and Cannon. Its customer markets include education (schools and universities), government and military administration, and private business.

In the past year, NewMarket China, Inc has noticed that it is more and more difficult to outsource software development to India. Indian software development companies are saturated with large contracts from US and European customers, and are increasingly outsourcing their own work to China. Since China is educating an increasing number of software engineers, NewMarket China, Inc will employ these engineers and use them to provide high value0added software development to the US, Europe and Latin America. This is a higher margin business, which should significantly improve NewMarket China’s earnings.

NewMarket China, Inc’s financial results are undeniable. With 2006 revenue of $29M, 2007 revenue of $40M and expected 2008 revenue of $50M, NewMarket China, Inc has shown that it understands the Chinese market, and is taking intelligent steps to both grow the company and to be a technology leader in that region.

Let us hear your thoughts below:

New Market China Inc. (NMCH.OB) Receives Newcomer Recognition on Dallas Top Public Company Rankings

Wednesday, April 30th, 2008

New Market China, Inc. is a technology leader in the rapidly developing Chinese market, specializing in software engineering, high-quality software development, and digital multimedia outsourcing services delivered to customers globally. Yesterday, the company announced that they have been named one of the Top 200 Public Companies in the Dallas-Fort Worth area by the Dallas Business Journal. This area is a Mecca for businesses, including the likes of ExxonMobil, Southwest Airlines and Texas Instruments. In addition to making the list, New Market China was featured as one of eleven newcomers to the annual list, along with Comerica, Metro PCS and Cinemark Holdings.

A large part in making this list was the company’s rapid growth over the past couple of years. The company proudly reported total revenues of $40 million for 2007, a drastic 36% increase from only $29.5 million the prior year. The company’s CEO, John T. Verges, and CFO, Philip J. Rauch, reported that gross profit margin for the company has risen to 41% this year, and net income has risen 83% from 2006 to $991,000. The company now has positive cash flows from operations, which translates to a 55% increase in stockholder’s equity from the end of 2006.

New Market expects a further increase in sales and has set a goal of $50 million in annual revenue for 2008 through mostly organic growth, but has not ruled out the possibility of possible mergers and acquisitions. Another way that New Market hopes to better itself as a company is by improving fundamental financials such as margins and costs. They have previously declared that the breakeven point for the company is $40 million in revenues, so they expect 2008 to be the first year of profitability for the company

Let us hear your thoughts below:

New Market China Inc. (NMCH.OB) Reviews 2007 Financial Results

Friday, April 11th, 2008

New Market China, Inc., is a technology leader in the rapidly developing Chinese market specializing in software engineering, high quality software development, and digital multimedia outsourcing services delivered to customers globally. Yesterday the company’s CEO, John T. Verges, and CFO, Philip J. Rauch, conducted a webcast to review the Company’s 2007 business operations and financial performance filed last week on SEC Form 10-KSB.

The webcast is available in its entirety at: www.investorcalander.com. The company proudly reported total revenues of $40 million for 2007 a drastic 36% increase from only $29.5 million the prior year. Verges and Rauch reported that gross profit margin for the company has risen to 41% this year, and net income has risen 83% from 2006 to $991,000. The company now has positive cash flows from operations which translates to a 55% increase in stockholders equity from the end of 2006.

Management expects a further increase to $50 million in annual revenue for 2008 through mostly organic growth, but has not ruled out the possibility of possible mergers and acquisitions. They declared that the breakeven point for the company is $40 million in revenues, so they expect 2008 to be the first year of profitability for the company. The company hopes to achieve increased profits by further improving margins and reducing costs.

Let us hear your thoughts below:

Beacon Equity Research Featured Company: NewMarket China, Inc. (NMCH.OB)

Tuesday, February 19th, 2008

NewMarket China, Inc. (NMCH.OB) is a leader in developing Chinese software and technology. The company primarily is a systems integrator and a re-seller of major global hardware in the Chinese domestic market. NewMarket China is also a provider of offshore software development and maintenance services to global customers. Although NewMarket China is headquartered in Dallas, TX, they have their primary operations based in Shanghai, China.

NewMarket China provides customers with an understanding of the differences of business processes, communications, and cultures between the US and China. The company can help expand your business by exploring new marketplaces for your company in China, localizing your products and services, helping to expand your product offerings with complementary products in China, outsourcing, partnerships, and many other global alliance opportunities.

NewMarket Technology, Inc. acquired controlling interest in Intercell International Corporation in 2006. The technology company reorganized its Chinese subsidiary operation into Intercell, changing the name to NewMarket China, Inc. NewMarket China, Inc. is a majority owned, publicly listed subsidiary of NewMarket Technology, Inc.

The outsourcing of software and technology related work from US and European customers to the Asian countries is rapidly growing. More western based businesses are utilizing outsourcing options to control costs without compromising the quality of their product. NewMarket Technology is positioned well to be a successful competitor throughout the outsourcing sector because of its many strategic partnerships.

Let us hear your thoughts: NewMarket China, Inc. Message Board

Beacon Equity Research Rates NewMarket China (NMCH.OB) as a “Speculative Buy”

Wednesday, June 6th, 2007

NewMarket China is headquartered in the U.S. with its primary operations based in China. The company is primarily a systems integrator and value-added reseller of major Chinese global hardware brands. It also provides offshore software development and maintenance services.

Some of the highlights brought out by the analyst include: being established in a rapidly growing industry, a high level of technical expertise, multiple joint services contracts signed, and an exclusive distributor for an IPTV Service.

NewMarket plans to capitalize on these strengths as it becomes a major player in the IT and technology services outsourcing market. The company is expected to grow their current revenues from $29 million to $40 million in 2007.

Let us hear your thoughts below:

Beacon Equity Research Highlights: NewMarket China, Inc. (NMCH.OB) Rated “Specualtive Buy”

Wednesday, June 6th, 2007

NewMarket China, Inc. (OTCBB: NMCH) has been rated “Speculative Buy” with a target price of $1.10 by Beacon Equity Research.

The full report is available at http://www.BeaconEquityResearch.com. In the report, the analyst writes, “NewMarket China, Inc. is a US company headquartered in Dallas, TX, with its primary operations based in Shanghai, China.

The Company is a publicly-listed subsidiary of NewMarket Technology, Inc., and is a leader in the rapidly developing Chinese software and technology market. At its core, the Company is a systems integrator and value-added reseller of major global hardware brands in the Chinese domestic market and a provider of offshore software development and maintenance services to global customers.

Through these offshore services, NewMarket China helps foreign companies take advantage of China’s low cost, high quality software and technology development. 

Let us hear your thoughts below: