Message #1 From:
QualityStocks Date: June 6, 2007 09:41:12 AM
Beacon Equity Research Rates NewMarket as a “Speculative Buy”
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.
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