Frisco, TX 6/6/2007 8:30:00 PM
News / Business

NewMarket China Inc. Rated ‘Speculative Buy,’ Target Price $1.10 by Beacon Equity Research

DALLAS, June 6, 2007 (BUSINESS WIRE) – NewMarket China, Inc. (OTCBB: NMCH) has been rated “Speculative Buy” with a target price of $1.10 by Beacon Equity Research Analyst, Lisa Springer, CFA.

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

The full report is available at http://www.BeaconEquityResearch.com

Anyone interested in receiving alerts regarding NewMarket China, Inc. research should email members@beaconequityresearch.com with “NMCH” in the subject line.

In the report, the analyst writes, “NewMarket China provides high quality IT and tech products and outsourcing services within the local Chinese market and overseas to international customers. The Company is anticipating significant growth in 2007 and revenues exceeding $40 million. This year the company is introducing its MoViii IPTV service in the US market and growing its offshore software development capabilities. It is also experiencing record growth in its core IT outsourcing, businesses, which include technology, telecommunication, software development and maintenance services. Management plans to further expand the business through synergistic acquisitions.  NewMarket China is well positioned to leverage its technical strength, take advantage of the growing demand for offshore outsourcing services and delivering a strong financial performance in 2007.”

Other providers of global technology outsourcing services include Accenture (NYSE:ACN), Electronic Data Systems (NYSE:EDS) and IBM (NYSE:IBM).

The analysts contributing to this report do not hold any shares of NewMarket China, Inc.  (NMCH). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon has directly been compensated nine thousand dollars by a non controlling third party for enrollment in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

 

SOURCE: NewMarket China, Inc.

Beacon Equity Research
Jeff Bishop, 469-361-6239
editor@beaconequityresearch.com
www.BeaconEquityResearch.com
or
 
NewMarket China, Inc.  
Kathleen Marks, 303-592-1010
kmarks@newmarketchina.com