Contact Information: Contact: NewMarket Latin America, Inc. Investor Relations 214-722-3065 ir@newmarketlatinamerica.com
NewMarket Latin America, Inc. Updates Shareholders on Progress to Meet or Exceed $30 Million Profitable Revenue Forecast for 2008
| Quelle: NewMarket Latin America
DALLAS, TX--(Marketwire - August 5, 2008) - NewMarket Latin America, Inc. (PINKSHEETS : NLAI )
today released a letter to shareholders from CEO Aubrey Brown. The letter
reports the Company's progress year-to-date towards meeting or exceeding
its $30 million profitable revenue forecast for 2008. Mr. Brown further
updates shareholders on the Company's progress to upgrade the NewMarket
Latin America listing to the Over the Counter Bulletin Board Exchange
(OTCBB) and complete the consolidation of all operations into the Company.
The letter is included in its entirety below:
Dear Fellow Shareholders:
The Company is well on track to meet or exceed the $30 million revenue
forecast guidance issued by management for the fiscal year 2008.
Year-to-date sales have been better than anticipated, and in addition to
possibly increasing our revenue guidance, the Company is confidently on
track to realizing a healthy profit.
Here are some recent sales highlights:
NewMarket Latin
America, Inc. Announces $10.5 Million Contract and Issues Update on
Consolidation and Listing Upgrade
NewMarket Latin
America, Inc.'s UniOne Consulting Implements Oracle's BIEE for Brazilian
Distribuidora de Medicamentos Santa Cruz
NewMarket Latin
America, Inc. Announces RKM IT Solutions' Microsoft Annual Sales Increase
of 235%
NewMarket Latin
America, Inc. Announces RKM IT Solutions' Multi-Year Microsoft Enterprise
Agreement With Electricidad de Caracas
NewMarket Latin
America, Inc. Announces UniOne Consulting's Multi-Continent Contract With
$10 Billion Global Mining Leader Anglo American
NewMarket Latin
America, Inc. Announces RKM IT Solutions' Service Expansion for Molina
Agencia de Viajes Increasing Contract Revenue by 295%
NewMarket Latin
America, Inc. Announces UniOne's Completion of Oracle's Hyperion Business
Intelligence Implementation for Movistar
NewMarket Latin
America, Inc. Announces RKM IT Solutions' Sale of a Microsoft License for
Workstations and Servers to Seguros Venezuela, C.A.
NewMarket Latin
America, Inc. Announces RKM IT Solutions' Sale of Microsoft License to
Banco Real, Banco de Desarrollo, C.A.
NewMarket Latin
America, Inc. Announces UniOne's Oracle Hyperion Project for Chile Ministry
of Education
NewMarket Latin America, Inc. Announces UniOne Oracle Project Highlights
for ING Chile
As you can see from the announcements highlighted above, sales have
progressed well this year and we do not see a slow down. In fact, we
anticipate sales to increase throughout the balance of the year in keeping
with our historical seasonality in which our largest sales have occurred in
the third and fourth quarter of the year.
While sales are going well, we are behind in our anticipated reconstitution
of NewMarket Latin America, Inc. and the planned upgraded listing. The
Company is in the process of consolidating systems integration operations
in Brazil, Chile, and Venezuela. NewMarket Latin America was formerly a
financial service company with another name. As part of a comprehensive
purchase agreement, the Company's corporate name has been changed to
NewMarket Latin America, Inc. and the former company's delinquent filings
are being updated and filed to bring the organization current with Security
and Exchange Commission requirements. The public reporting compliance
update has taken longer than anticipated. I will not make excuses for the
delay. We simply underestimated the required effort, but we expect to
complete the process this year. The systems integration operations
currently doing business as NewMarket Latin America are also planned to be
formally consolidated into the reconstituted company this year. Once the
compliance update and consolidation are complete, the Company will take the
necessary steps to upgrade its listing to the Over the Counter Bulletin
Board (OTCBB) Exchange.
Thank you for your interest in NewMarket Latin America. Thank you also,
for your support. I look forward to providing you future updates and
reporting an overall record year for the Company in 2008.
Best Regards,
Aubrey Brown
For more information, please contact NewMarket Latin America Investor
Relations at ir@newmarketlatinamerica.com or 214-722-3065.
Company Updates and Information
To be added to NewMarket Latin America's e-mail database for shareholders
and interested investors or to receive information on the Company, please
send an e-mail to ir@newmarketlatinamerica.com.
About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com)
NewMarket Latin America provides world-class systems integration services
through relationships with Hyperion, Oracle, SAP, SSA Global, Microsoft and
many more. NewMarket Latin America has major customers in various sectors
such as Oil and Gas, Consumer Products, Financial Services, and
Pharmaceuticals Industries.
NewMarket Latin America deliver solutions to regional customers in addition
to specializing in helping U.S. clients expand their businesses and
operations into one of the fastest growing economic regions in the world.
NewMarket Latin America has offices and operations throughout Latin
America.
NewMarket Latin America also identifies emerging technologies developed
within the region and brings those latest technologies to market worldwide.
These innovations help clients grow their businesses and gain a new
competitive advantage.
"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.