Press Release Source: NewMarket China, Inc.
Intercell International Corporation Changes Name to NewMarket China, Inc. with $40 Million 2007 Revenue Forecast and Goal to Hit $100 Million in Profitable Revenue by 2008
Wednesday December 27, 10:55 am ET
Ticker Symbol Change to Follow
DALLAS--(BUSINESS WIRE)--Intercell International Corporation (OTCBB:IICP - News) today announced a name change to NewMarket China, Inc. The name change follows the recent acquisition of a controlling interest in Intercell by NewMarket Technology, Inc. (OTCBB:NMKT - News). NewMarket Technology subsequently reorganized its Chinese subsidiary operation into Intercell. The NewMarket Chinese subsidiary expects to report over $20 million in revenue for 2006 and has forecasted a 100% increase in revenue in 2007 to $40 million. NewMarket anticipates continued rapid growth in China and has set a goal of achieving $100 million in profitable revenue by year end 2008. The name change announced today is intended to represent the current direction of the Company formally know as Intercell International. The ticker symbol will also be changed. An announcement will be made as soon as the