NewMarket Latin America, Inc. Resumes Trading With Plans for All SEC Required Filings to Be Current in 45 Days

DALLAS, TX--(Marketwire - September 3, 2008) - New Market Latin America, Inc. (PINKSHEETS: NLAI) resumed trading yesterday after a ten day trading suspension. On August 18, 2008, the Securities and Exchange Commission (SEC) temporarily suspended trading of the Company's common stock. The suspension ended on August 29th at 11:59 pm EDT and as of yesterday, the Company's common stock is eligible for trading.

The former name of NewMarket Latin America and the name still reflected on the SEC Website is Paragon Financial Corp. Paragon Financial Corp. became delinquent in its filings before being renamed NewMarket Latin America and having new management appointed. Current management has been working with former management to resolve past comment letters, the resolution of which are necessary to bring the Company current with its SEC financial reporting requirements.

SEC Hearing Set

The SEC has set a hearing on September 15, 2008 at 9:30 am EDT in Washington, D.C. regarding the suspension of trading and possible actions by the SEC due to the delinquent filings. The SEC will review the Company's filing status and consider whether a further suspension or revocation of registration is appropriate in response to the specific findings regarding the Company's current filing status.

NewMarket Latin America, Inc. Plan to Bring Filings Current in 45 Days

The Company plans to bring all of its filings current in the next 45 days and is working diligently to complete as much as possible by the end of September.

NewMarket Latin America intends to argue to the SEC that further suspension of trading is unnecessary, and that a revocation of registration is likewise unnecessary as the Company can be brought current.

Corporate E-mail Updates

To learn more about NewMarket Latin America's plans beyond its efforts to bring its public reporting current, or to be added to NewMarket Latin America's e-mail database to receive company updates, please send an e-mail to or call 214-722-3065.


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 Latin America'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 Information: Contact: NewMarket Latin America, Inc. 214-722-3065