UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(Mark One)

[X]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

         For the quarterly period ended June 30, 2007

                                       OR

[_]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

                         Commission file number 0-14306

                              NEWMARKET CHINA, INC.
        (Exact name of small business issuer as specified in its charter)

            Nevada                                             84-0928627
            ------                                             ----------
  (State or other jurisdiction of                           (I.R.S. employer
    incorporation or organization)                       identification  number)

                         14860 Montfort Drive, Suite 210
                                Dallas, TX 75254
                    (Address of principal executive offices )

         Issuer's telephone number, including area code: (214) 722-3040


Indicate by check mark whether the issuer (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes [X] No [_]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).

Yes [_] No [X]


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

As of August 15, 2007 there were 26,218,948 shares of the registrant's sole
class of common shares outstanding.

Transitional Small Business Disclosure Format

Yes [_]   No [X]



<PAGE>


Item 1. Unaudited Financial Statements                                    Page
                                                                         -------

          Report of Independent Registered Public Accounting Firm          F-1

          Condensed Consolidated Balance Sheet - June 30, 2007             F-2

         Condensed Consolidated Statements of Operations -
                   Three and Six Months Ended June 30, 2007 and 2006       F-3

          Condensed Consolidated Statements of Cash Flows -
                    Six Months ended June 30, 2007 and 2006                F-4

          Notes to Condensed Consolidated Financial Statements             F-5

Item 2. Management's Discussion and Analysis of Financial Condition
         and Results of Operations                                          1

Item 3. Controls and Procedures                                             2

Item 3(A). Controls and Procedures                                          3

PART II - OTHER INFORMATION

Item 1. Legal Proceedings - Not Applicable                                  3

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds         3

Item 3. Defaults Upon Senior Securities - Not Applicable                    3

Item 4. Submission of Matters to a Vote of Security Holders                 3

Item 5. Other Information - Not Applicable                                  3

Item 6. Exhibits                                                            4

         SIGNATURES                                                         5



<PAGE>


<TABLE>
<CAPTION>

               NewMarket China, Inc.
             Consolidated Balance Sheet

                       ASSETS                        June 30, 2007   December 31, 2006
                                                     --------------  -----------------
CURRENT ASSETS
<S>                                                   <C>              <C>
Cash and cash equivalents                             $   1,125,155    $    1,168,344
Accounts receivable                                       3,921,640         1,868,337
Inventory                                                 1,384,501           846,328
Supplier advances                                         1,274,225           429,092
Assets of discontinued operations                             9,377             9,377
Other current assets                                          6,455             6,455
                                                     --------------  -----------------
Total current assets                                      7,721,353         4,327,933
                                                     --------------  -----------------

PROPERTY AND EQUIPMENT, NET                                 376,467           396,089

Total assets                                          $   8,097,820    $    4,724,022
                                                     ==============  =================

        LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable                                      $   1,259,426    $      702,057
Short-term borrowing                                      1,741,690         1,266,939
Accrued expenses and other liabilities                    1,620,080           217,541
Liabilities of discontinued operations                      308,683           308,683
                                                     --------------  -----------------
Total current liabilities                                 4,929,879         2,495,220
                                                     --------------  -----------------

Total liabilities                                         4,929,879         2,495,220
                                                     --------------  -----------------

Minority interest in subsidiaries                           578,798           578,798

STOCKHOLDERS' EQUITY
Common stock; $.001 par value; 100,000,000 shares
 authorized;
26,203,371 and 25,943,433 shares issued and
 outstanding                                                 26,203            25,943
Preferred stock; $.001 par value; 20,000,000 shares
 authorized;
250,000 shares Series A and 0 shares issued and
 outstanding                                                    250               250
Additional paid-in capital                                1,452,061         1,452,321
Accumulated comprehensive income (loss)                     816,156          (144,860)
Retained earnings                                           294,473           316,350
                                                     --------------  -----------------
Total stockholders' equity                                2,589,143         1,650,004
                                                     --------------  -----------------

Total liabilities and stockholders' equity            $   8,097,820    $    4,724,022
                                                     ==============  =================
</TABLE>

See accompanying notes to consolidated financial
 statements.



<PAGE>


<TABLE>
<CAPTION>

            NewMarket China, Inc.
    Consolidated Statement of Operations
     Three and Six months ended June 30,

                                                 Three Months Ended           Six Months Ended
                                               June 30,                   June 30,
                                                    2007           2006         2007            2006
                                             ------------ --------------------------- ---------------
<S>                                          <C>            <C>          <C>             <C>
REVENUE                                      $10,190,040    $         -  $17,269,834     $         -

COST OF SALES                                  9,909,296              -   16,788,670               -
                                             ------------ --------------------------- ---------------

Gross Margin                                     280,744              -      481,164               -

OPERATING EXPENSES
Selling, general and administrative expenses     231,589         30,268      414,460          39,600
Depreciation and amortization                      8,493              -       57,266               -
                                             ------------ --------------------------- ---------------
Total expenses                                   240,082         30,268      471,726          39,600
                                             ------------ --------------------------- ---------------

Income (loss) from operations                     40,662        (30,268)       9,438         (39,600)
                                             ------------ --------------------------- ---------------

OTHER INCOME (EXPENSE)
Interest income                                        -            231            8             274
Interest expense                                 (21,575)             -      (37,609)              -
Other income                                      22,670              -       47,079               -
Other expense                                     (3,689)             -       (5,480)              -
                                             ------------ --------------------------- ---------------
Total other income (expense)                      (2,594)           231        3,998             274
                                             ------------ --------------------------- ---------------

Net income before income tax (credit) and
minority interest                                 38,068        (30,037)      13,436         (39,326)
Foreign income tax                               (27,518)                    (35,314)
Minority interest in consolidated subsidiary     (15,890)                          -
                                             ------------ --------------------------- ---------------

Net income (loss)                                 (5,340)       (30,037)     (21,878)        (39,326)
Other comprehensive income (loss)
    Gain (loss) on investment security                           (3,306)                      (5,668)
Foreign currency translation gain (loss)         481,709                     961,016
                                             ------------ --------------------------- ---------------

Comprehensive income                         $   476,369    $   (33,343) $   939,138     $   (44,994)
                                             ============ =========================== ===============

Loss per weighted-average common share-basic $      0.02    $     (0.00) $      0.04     $     (0.00)
                                             ============ =========================== ===============
Loss per weighted-average common share-
 diluted                                     $      0.02    $     (0.00) $      0.03     $     (0.00)
                                             ============ =========================== ===============

Number of weighted average common shares o/s-
 basic                                        26,146,960     23,836,323   26,086,558      23,836,323
Number of weighted average common shares o/s-
 diluted                                      31,613,219     23,836,323   31,613,219      23,836,323
</TABLE>

See accompanying notes to consolidated
 financial statements.



<PAGE>

<TABLE>
<CAPTION>
      NewMarket China, Inc.
  Consolidated Statement of Stockholders'
                   Equity

                                                                             Additional     Accumulated      Retained        Total
                                     Number of Shares   Par Value of Stock    Paid-In      Comprehensive    Earnings/  Stockholders'
                                   -------------------- ------------------
                                   Preferred   Common   Preferred  Common     Capital      Income/(Loss)     (Accum.        Equity
                                                                                                             Deficit)
                                   --------- ---------- --------- -------- -------------- --------------- -------------- -----------
BEGINNING BALANCE, December 31,
<S>                                <C>       <C>         <C>       <C>     <C>            <C>             <C>            <C>
 2004                                      - 23,836,323  $      -  $23,836 $  38,723,059  $       53,528  $ (39,020,325) $ (219,902)
Contribution of officer services                                                  20,775                                     20,775
Other comprehensive income (loss)                                                                (34,636)                   (34,636)
Net loss                                                                                                       (101,105)   (101,105)
                                   --------- ---------- --------- -------- -------------- --------------- -------------- -----------
BALANCE, December 31, 2005                 - 23,836,323         -   23,836    38,743,834          18,892    (39,121,430)   (334,868)
Contribution of officer services                                                   6,000                                      6,000
Sale of convertible preferred
 stock for cash                      250,000                  250                249,750                                    250,000
Issuance of shares for purchase of
 subsidiary                                   2,000,000              2,000                                                    2,000
Issuance of shares due to warrant
 exercise                                       107,110                107                                                      107
Other comprehensive income (loss)                                                               (114,214)                  (114,214)
Net income                                                                                                      244,929     244,929
Adjustments due to reorganization                                            (37,547,263)        (49,538)    39,192,851   1,596,050
                                   --------- ---------- --------- -------- -------------- --------------- -------------- -----------
BALANCE, December 31, 2006           250,000 25,943,433       250   25,943     1,452,321        (144,860)       316,350   1,650,004
Issuance of shares due to warrant
 exercise                                       259,938                260          (260)                                         -
Other comprehensive income (loss)                                                                961,016                    961,016
Net loss                                                                                                        (21,878)    (21,878)
                                   --------- ---------- --------- -------- -------------- --------------- -------------- -----------
ENDING BALANCE, June 30, 2007        250,000 26,203,371       250   26,203 $   1,452,061  $      816,156  $     294,472  $2,589,143
</TABLE>

See accompanying notes to consolidated
 financial statements.



<PAGE>



      Consolidated Statement of Cash Flows
           Six months ended June 30,

                                                          2007           2006
                                                 -------------- --------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss                                          $    (21,878)  $    (39,326)
Adjustments to reconcile net earnings to net
 cash
provided (used) by operating activities:
Depreciation                                            57,266            232
Loss on sale of property, plant & equipment                  -            158
Contribution of services by officer                          -          3,000
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable          (1,981,575)             -
(Increase) decrease in deposits and other assets      (763,311)             -
(Increase) decrease in inventory                      (510,301)             -
Increase (decrease) in accounts payable                534,709              -
Increase (decrease) in accrued expenses and
 other payables                                      1,500,650          5,090
                                                 -------------- --------------
Net cash used by operating activities               (1,184,440)       (30,846)
                                                 -------------- --------------

CASH FLOWS FROM INVESTING ACTIVITIES:
Sale of property and equipment                             840            750
                                                 -------------- --------------
Net cash provided by investing activities                  840            750
                                                 -------------- --------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Decrease in restricted cash                                  -         20,000
Short-term borrowings                                  316,750
                                                 -------------- --------------
Net cash provided by financing activities              316,750         20,000
                                                 -------------- --------------

Effect of exchange rates on cash                       823,661
                                                 -------------- --------------

Net increase (decrease) in cash and equivalents        (43,189)       (10,096)
                                                 -------------- --------------

CASH, beginning of period                            1,168,344         45,289

CASH, end of period                               $  1,125,155   $     35,193
                                                 ============== ==============

See accompanying notes to consolidated financial
 statements.

<PAGE>



                     NEWMARKET CHINA, INC. AND SUBSIDIARIES
              Notes to Condensed Consolidated Financial Statements
                     Six Months Ended June 30, 2007 and 2006
                                   (Unaudited)


1. BASIS OF PRESENTATION, BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES:
-----------------------------------------------------------------------

PRESENTATION OF INTERIM INFORMATION

The accompanying consolidated financial statements include the accounts of
NewMarket China, Inc. (formerly known as Intercell International Corporation or
"Intercell"), a Nevada corporation (the "Company"), and its wholly-owned
subsidiary Brunetti DEC, LLC, ("Brunetti") a Colorado limited liability company
and its Chinese wholly-owned foreign entity, Clipper Technology, Inc.
("CLPTEC"). All significant intercompany accounts and transactions have been
eliminated in consolidation.

In October 2004, the Company discontinued the operations of Brunetti and
implemented steps to liquidate the assets of Brunetti. On March 1, 2005,
Brunetti filed a voluntary petition for relief in the United States Bankruptcy
Court, District of Colorado under Chapter 7 of Title 7 of the U.S. Bankruptcy
Code (Note 3).

On March 16, 2005, the Company (the Debtors) filed a voluntary petition for
relief in the United States Bankruptcy Court, District of Colorado under Chapter
11 of Title 11 of the U.S. Bankruptcy Code. Under Chapter 11, certain claims
against the Debtor in existence prior to the filing of the petitions for relief
under the U.S. Bankruptcy Code are stayed while the Debtor continues business
operations as Debtor-in-possession. On April 5, 2006, the United States
Bankruptcy Court, District of Colorado dismissed the Chapter 11 proceedings.

USE OF ESTIMATES

The preparation of consolidated financial statements in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the consolidated financial statements and reported
amounts of revenues and expenses during the reporting periods. Actual results
could differ from those estimates.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair values of the Company's cash and cash equivalents, accounts receivable,
accounts payable, and lines of credit approximate their carrying amounts due to
the short maturities of these instruments.

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid investments with an original maturity of
three months or less and money market instruments to be cash equivalents.

INVENTORY

Inventory, which consists primarily of finished goods, is stated at the lower of
cost or market. Cost is determined using the weighted average method.

OTHER ASSETS

Available for sale securities consist of 15,744 shares of common stock of Vyta
Corp ("Vyta") (Note 5). These securities are carried at fair value ($6,455 at
June 30, 2007) based upon quoted market prices. Unrealized gains and losses are
computed on the average cost basis and are reported as a separate component of
comprehensive loss, included as a separate item in stockholders' equity
(deficit). Realized gains, realized losses, and declines in value, judged to be
other-than temporary, are included in other income (expense).



<PAGE>


PROPERTY AND EQUIPMENT

Property and equipment are stated at cost. Depreciation is provided by use of
the accelerated method over the estimated useful lives of the related assets,
which range from five to seven years.

REVENUE RECOGNITION

The Company engages in the business of consulting, development, implementation,
and maintenance of technology systems which include both software and
peripherals for computing, communication, and data exchanges related to general
business application as well as the specialty fields of medical, security,
military and homeland defense applications. Revenue is recognized at the time of
product shipment, delivery, or installation, depending on when title passes, and
when all of the following have occurred: a firm sales agreement is in place,
pricing is fixed or determinable, and collection is reasonably assured.

FOREIGN CURRENCY TRANSACTION AND TRANSLATION GAINS (LOSSES)

The principal operations of the Company are located in The People's Republic of
China. The Company bills in RMB, the local currency, and if the Company payment
is denominated in a foreign currency, the Company translates the payment and
records a foreign currency transaction gain or loss in accordance with SFAS 52.

DERIVATIVE INSTRUMENTS

Statement of Financial Accounting Standards (SFAS) No. 133, Accounting for
Derivative Instruments and Hedging Activities, as amended, establishes
accounting and reporting standards requiring that every derivative instrument be
recorded in the balance sheet as either an asset or liability measured at fair
value, and that changes in fair value be recognized currently in earnings (loss)
unless specific hedge accounting criteria are met.

STOCK-BASED COMPENSATION

Beginning October 1, 2006, the Company adopted the provisions of and accounts
for stock-based compensation in accordance with the Financial Accounting
Standards Board's ("FASB") Statement of Financial Accounting Standards No. 123 -
revised 2004 ("SFAS 123R") "Share-Based Payment" which replaced Statement of
Financial Accounting Standards No. 123("SFAS 123"), "Accounting for Stock-Based
Compensation" and supersedes APB Opinion No. 25 ("APB 25"), Accounting for Stock
Issued to Employees". Under the fair value recognition provisions of this
statement, stock-based compensation cost is measured at the grant date based on
the fair value of the award and is recognized as expense on a straight-line
basis over the requisite service period, which is the vesting period. The
Company elected the modified-prospective method, under which prior periods are
not revised for comparative purposes. The valuation provisions of SFAS 123R
apply to new grants and to grants that were outstanding as of the effective date
and are subsequently modified. There were no options granted during the three
months ended June 30, 2007, and all options granted prior to the adoption of
SFAS 123R and outstanding during the periods presented were fully-vested.

The Company has a stock option plans which permit the grant of shares to
attract, retain and motivate employees, directors and consultants. Options are
generally granted with an exercise price equal to the Company's market price of
its common stock on the date of the grant and with vesting rates, as determined
by the Board of Directors. All options outstanding at June 30, 2007 are
fully-vested and exercisable. A summary of the outstanding balance at June 30,
2007 is as follows:

                                          Weighted    Weighted
                                          average     average      Aggregate
                                          exercise    remaining    intrinsic
                               Options    price       life         value
                               -------    ---------   ----------   ----------
     Outstanding at
       June 30, 2007          4,839,550    $ 0.56     2.8 years    $  0



<PAGE>


INCOME (LOSS) PER SHARE

SFAS No. 128, Earnings Per Share, requires dual presentation of basic and
diluted earnings per share (EPS) with a reconciliation of the numerator and
denominator of the basic EPS computation to the numerator and denominator of the
diluted EPS computation. Basic EPS excludes dilution. Diluted EPS reflects the
potential dilution that could occur if securities or other contracts to issue
common stock were exercised or converted into common stock or resulted in the
issuance of common stock that then shared in the earnings of the entity.

Income (loss) per share of common stock is computed based on the weighted
average number of common shares outstanding during the year. Stock options and
warrants are not considered in the calculation at June 30, 2007 and 2006, as the
impact of the potential common shares would be to decrease income (loss) per
share. Therefore, diluted income (loss) per share is equivalent to basic loss
per share.

INCOME TAXES

Income taxes are accounted for by the asset and liability method. Deferred tax
assets and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying amounts of
existing assets and liabilities and their respective tax bases and operating
loss and tax credit carry forwards. Deferred tax assets and liabilities are
measured using enacted tax rates expected to apply to taxable income in the
years in which those temporary differences are expected to be recovered or
settled. The effect on deferred tax assets and liabilities of a change in tax
rates is recognized in income (loss) in the period that includes the enactment
date. A valuation allowance is established when necessary to reduce deferred tax
assets to amounts expected to be realized.

COMPREHENSIVE INCOME

SFAS No. 130, Reporting Comprehensive Income, requires the reporting and display
of comprehensive income and its components. SFAS No. 130 requires unrealized
gains and losses on the Company's available for sale securities to be included
in comprehensive income as well as gains or losses due to foreign currency
translation adjustments.

RECENTLY ISSUED ACCOUNTING STANDARDS

In December 2004, the Financial Accounting Standards Board ("FASB") issued SFAS
No. 123(R), Share-Based Payment, which addresses the accounting for share-based
payment transactions. SFAS No. 123(R) eliminates the ability to account for
share-based compensation transactions using APB 25, and generally requires
instead that such transactions be accounted and recognized in the statement of
operations based on their fair value. SFAS No. 123(R) will be effective for the
Company beginning with the first quarter of the fiscal year ending December 31,
2007. As the Company has no un-vested options outstanding, the implementation of
this standard is not expected to have an immediate impact on the Company's
financial position and results of operations.

In February 2006, the FASB issued SFAS 155, Accounting for Certain Hybrid
Financial Instruments, which amends SFAS 133, Accounting for Derivative
Instruments and Hedging Activities, and SFAS 140, Accounting for Transfers and
Servicing of Financial Assets and Extinguishments of Liabilities - a replacement
of FASB Statement No. 125. SFAS 155 will be effective for the Company for all
financial instruments issued or acquired after the beginning its fiscal year
ending December 31, 2007. The Company not yet evaluated and determined the
likely effect of SFAS 155 on future financial statements.

In June 2006, the FASB issued Interpretation No. 48, Accounting for Uncertainty
in Income Taxes - An Interpretation of FASB Statement No. 109, (FIN 48). FIN 48
clarifies the accounting for uncertainty in income taxes recognized in an
enterprise's financial statements in accordance with FASB Statement No. 109,
Accounting for Income Taxes. FIN 48 also prescribes a recognition threshold and
measurement attribute for the financial statement recognition and measurement of
a tax position taken or expected to be taken in a tax return that results in a
tax benefit. Additionally, FIN 48 provides guidance on de-recognition, income
statement classification of interest and penalties, accounting in interim
periods, disclosure, and transition. This interpretation is effective for the
Company for its fiscal year ending December 31, 2007. The Company has not yet
evaluated the effect that the application of FIN 48 may have, if any, on its
future results of operations and financial condition.



<PAGE>


In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements". This
statement defines fair value, establishes a framework for measuring fair value
in generally accepted accounting principles, and expands disclosures about fair
value measurements. This statement applies under other accounting pronouncements
that require or permit fair value measurements. SFAS No. 157 is effective for
the Company for its fiscal year beginning on January 1, 2008. The Company is
currently assessing the impact the adoption of SFAS No. 157 will have on its
consolidated financial statements.

In September 2006, the SEC issued Staff Accounting Bulletin (SAB) No. 108 in
order to eliminate the diversity of practice surrounding how public companies
quantify financial statement misstatements. In SAB 108, the SEC staff
established an approach that requires quantification of financial statement
misstatements based on the effects of the misstatements on each of the Company's
financial statements and the related financial statement disclosures. SAB No.
108 is effective for the Company for its current fiscal year. The adoption of
SAB No. 108 did not have an impact on the Company's consolidated financial
statements.

On February 15, 2007, the FASB issued SFAS No. 159, "The Fair Value Option for
Financial Assets and Financial Liabilities - Including an Amendment of FASB
Statement No. 115." This standard permits an entity to measure many financial
instruments and certain other items at estimated fair value. Most of the
provisions of SFAS No. 115 ("Accounting for Certain Investments in Debt and
Equity Securities) applies to all entities that own trading and
available-for-sale securities. The fair value option created by SFAS No. 159
permits an entity to measure eligible items at fair value as of specified
election dates. Among others, eligible items exclude (1) financial instruments
classified (partially or in total) as permanent or temporary stockholders'
equity (such as a convertible debt security with a non-contingent beneficial
conversion feature) and (2) investments in subsidiaries and interests in
variable interests that must be consolidated. A for-profit business entity will
be required to report unrealized gains and losses on items for which the fair
value option has been elected in its statements of operations at each subsequent
reposting date. The fair value option (a) may generally be applied instrument by
instruments, (b) is irrevocable unless a new elections date occurs, and (c) must
be applied to the entire instrument and not to only a portion of the instrument.
SFAS No. 159 is effective as of the beginning of the first fiscal year that
begins after November 15, 2007. The Company has not yet evaluated the effect
that the application of FIN 48 may have, if any, on its future results of
operations and financial condition.


2   REORGANIZATION:
-   ---------------

In October 2006, Intercell executed an Agreement and Plan of Reorganization
("the Agreement") with NewMarket China, Inc. ("NewMarket China" or "the
Company"), a wholly-owned subsidiary of NewMarket Technology, Inc. ("NewMarket
Technology"). The Agreement, provided for Intercell to acquire from NewMarket
Technology its subsidiary, NewMarket China through the exchange of all of the
issued and outstanding stock of NewMarket China, one thousand (1,000) shares
held by NewMarket Technology for two million (2,000,000) restricted common
shares of Intercell. As a result of the Agreement, NewMarket China became a
wholly-owned subsidiary of Intercell.

In a separate agreement, NewMarket Technology agreed to purchase 250,000 shares
of a Series A Preferred Stock from Intercell for $250,000. The shares have a par
value of $0.001 per share and a purchase price of $1.00 per share and bear no
dividend. The shares are convertible into 60% of the issued and outstanding
common stock of the Company, any time after August 31, 2006. The shares have a
voting right equal to 60% of the issued and outstanding common stock of the
Company.

As a result of this reorganization, the Company's stockholders' equity (deficit)
has been adjusted to reflect the effect of this transaction.

3  DISCONTINUED OPERATIONS:
-  ------------------------

BRUNETTI ACQUISITION

On October 20, 2003, the Company acquired a controlling 60% equity interest in
Brunetti in exchange for a $700,000 cash contribution to Brunetti. On January
30, 2004, the Company acquired the remaining 40% equity interest in Brunetti in
exchange for a $300,000 cash contribution to Brunetti.



<PAGE>


On October 11, 2004, the Company discontinued the operations of Brunetti and
implemented steps to liquidate the assets of Brunetti. On March 1, 2005,
Brunetti filed a voluntary petition for relief in the United States Bankruptcy
Court, District of Colorado under Chapter 7 of Title 7 of the U.S. Bankruptcy
Code.

At June 30, 2007, the carrying values of Brunetti's assets and liabilities
(presented as assets and liabilities of discontinued operations) are as follows:

  Cash                                                         $     9,377
                                                               -----------
    Total assets
     (all current)                                             $     9,377
                                                               ===========

  Accounts payable                                             $   179,473
  Related party payable                                             25,035
  Line of credit                                                    10,735
  Accrued payroll                                                   93,440
                                                               -----------
    Total liabilities
      (all current)(1)                                         $   308,683
                                                               ===========

Brunetti reported no revenues or income during the six months ended June 30,
2007. Operations related to Brunetti resulted in a net loss during the year
ended December 31, 2006 and 2005 of $0 and $11,781, respectively. Brunetti did
not incur any income taxes during these periods.

4  INVESTMENT IN VYTA CORP. AND RELATED TRANSACTIONS:
-  --------------------------------------------------

At June 30, 2007, the Company owns 15,744 shares or approximately 0.06% of the
common stock of Vyta Corp., of which 7,500 shares are subject to a warrant
agreement, described below. Beginning October 21, 2003, based on factors which
indicated that the Company did not have the ability to exercise significant
influence, the Company changed its method of accounting for the Vyta Corp shares
(except for those which are subject to underlying warrants, which are carried at
cost) to the method of accounting prescribed by SFAS No. 115, "Accounting for
Certain Investments in Debt and Equity Securities". The Company has classified
its investment in these Vyta Corp shares as available for sale securities, in
which unrealized gains (losses) are computed on the average cost basis, and are
recorded in other comprehensive income (loss). At June 30, 2007, 15,744 shares
of Vyta were available for sale and had a fair market value of $6,455. The
Company did not sell any available for sale securities during the six months
ended June 30, 2007.

Warrants to Purchase Vyta Corp Common Stock

During the year ended September 30, 2003, the Company sold 5,000 restricted
shares of Vyta common stock and granted two warrants to purchase up to 15,000
shares of Vyta common stock held by the Company, to a third party for $50,000
cash. Each warrant grants the third party the right to purchase up to 7,500
shares of Vyta common stock held by the Company, at an exercise price of $10.00
per share. The closing bid price of the Vyta common stock at the date of the
grant was $13.80 per share. The warrants are exercisable immediately; one
warrant expired in October 2004, and one warrant expires in October 2007. The
warrants contain cashless exercise provisions at the option of the holder. At
the date of the transaction, the warrants were valued at $32,000. The carrying
value of the Vyta shares on the transaction date was $0, resulting in a gain on
the sale of affiliate stock of $18,000. These warrants are considered derivative
financial instruments and were therefore recorded in the balance sheet at fair
value.

Changes in the fair value of these warrants (unrealized gains and losses) are
recognized currently in earnings (loss) of the Company. During the fiscal year
ended December 31, 2005, the remaining warrant had not been exercised and the
fair value of the derivative was estimated to be $0. An unrealized gain of $150
was recognized during the fiscal year ended December 31, 2006. At June 30, 2007,
the remaining warrant had not been exercised.



<PAGE>


5.   STOCKHOLDERS' EQUITY:
--   ---------------------

PREFERRED STOCK

There were no changes in preferred stock during the three months ended June 30,
2007.

COMMON STOCK

In April 2007, warrants to purchase 75,000 shares of common stock were exercised
(cashless exercise election) in exchange for 37,500 shares of common stock.

In June 2007, warrants to purchase 100,000 shares of common stock were exercised
(cashless exercise election) in exchange for 58,334 shares of common stock


STOCK OPTIONS

The Company has established a Compensatory Stock Option Plan (the "1995 Plan" or
the "Option Plan") and has reserved 10,000,000 shares of common stock for
issuance under the Option Plan. Incentive stock options can be granted under the
Option Plan at prices not less than 110% of the fair market value of the stock
at the date of grant, and nonqualified options can be granted at not less than
50% of the stock's fair market value at the date of grant or the date the
exercise price of any such option is modified. Vesting provisions are determined
by the board of directors. All stock options expire 10 years from the date of
grant.

The following table summarizes information about stock options outstanding as of
June 30, 2007:

<TABLE>
<CAPTION>
            Options Outstanding                         Options Exercisable
-------------------------------------------- ------------------------------------------
  Range of                     Remaining       Weighted
   Exercise     Number of     Contractual       Average      Number of   Exercise Price
    Prices        Options         Life          Exercise       Options
                                                  Price
-------------------------------------------- ------------------------------------------
<S>             <C>            <C>               <C>         <C>             <C>
  $0.40-0.99    4,750,000      6.7 years         $0.43       4,750,000       $0.43
  1.00-10.00      88,500          0.4             6.78         88,500         6.78
 15.00-30.00      1,050           0.1            30.00         1,050         30.00
              --------------                               --------------
                4,839,550      2.8 years         $0.56       4,839,550       $0.56
              ==============                               ==============
</TABLE>

WARRANTS

At June 30, 2007, the following warrants to purchase common stock were
outstanding:

  Number of common     Exercise Price
  shares covered by                               Expiration Date
       warrants
--------------------- ----------------- -----------------------------------

      5,491,900         $     0.10        September- October 2008
       700,000                0.25             February 2009
---------------------
      6,191,900
=====================


In April 2007, warrants to purchase 75,000 shares of common stock were exercised
(cashless exercise election) in exchange for 37,500 shares of common stock.

In June 2007, warrants to purchase 100,000 shares of common stock were exercised
(cashless exercise election) in exchange for 58,334 shares of common stock



<PAGE>


Item 2. Management's Discussion and Analysis of Financial Condition and Results
     of Operations

Safe Harbor for Forward-Looking Statements

     Certain statements contained in this Form 10-QSB contain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 and involve risks and uncertainties that could cause actual results to
differ materially from the results, financial or otherwise, or other
expectations described in such forward-looking statements. Any forward-looking
statement or statements speak only as of the date on which such statements were
made, and the Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on which such
statements are made or reflect the occurrence of unanticipated events.
Therefore, forward-looking statements should not be relied upon as prediction of
actual future results.


Critical accounting policies

The discussion and analysis of our financial condition and results of operations
are based upon our consolidated financial statements, which have been prepared
in accordance with accounting principles generally accepted in the United
States. The preparation of these financial statements requires us to make
estimates and judgments that affect the reported amounts of assets, liabilities,
revenues and expenses, and related disclosure of contingent assets and
liabilities. On an on-going basis, we evaluate our estimates, including those
related to revenue recognition, bad debts, inventories, warranty obligations,
contingencies and income taxes. We base our estimates on historical experience
and on various other assumptions that we believe to be reasonable under the
circumstances, the results of which form the basis for making judgments about
the carrying value of assets and liabilities that are not readily apparent from
other sources. Actual results may differ from these estimates under different
assumptions or conditions. A discussion of our critical accounting policies and
the related judgments and estimates affecting the preparation of our
consolidated financial statements is included in the Annual Report on our Form
10-KSB for the fiscal year ended 2006. There have been no material changes to
our critical accounting policies as of June 30, 2007.

Results of Operations

     On March 16, 2005, the Company filed a voluntary petition for relief in the
United States Bankruptcy Court, District of Colorado under Chapter 11 of Title
11 of the U.S. Bankruptcy Code. On April 5, 2006, the United States Bankruptcy
Court, District of Colorado dismissed the Chapter 11 proceedings.

     On October 20, 2003, the Company acquired a controlling 60% equity interest
in Brunetti for a $700,000 cash contribution to Brunetti. On January 30, 2004,
the Company acquired the remaining 40% equity interest in Brunetti for a
$300,000 cash contribution to Brunetti. In October 2004, the operations of
Brunetti were ceased and on March 1, 2005, Brunetti filed a voluntary petition
for relief in the United States Bankruptcy Court, District of Colorado under
Chapter 7 of Title 7 of the U.S. Bankruptcy Code. At such time, the Company
began to account for the operations of Brunetti as discontinued operations.

     In October 2006, the Company executed an Agreement and Plan of
Reorganization ("the Agreement") with NewMarket China, Inc. ("NewMarket China"
or "the Company"), a wholly-owned subsidiary of NewMarket Technology, Inc.
("NewMarket Technology"). The Agreement, provided for Intercell to acquire from
NewMarket Technology its subsidiary, NewMarket China through the exchange of all
of the issued and outstanding stock of NewMarket China, one thousand (1,000)
shares held by NewMarket Technology for two million (2,000,000) restricted
common shares of Intercell. As a result of the Agreement, NewMarket China became
a wholly-owned subsidiary of Intercell.

Three months ended June 30, 2007 compared to three months ended June 30, 2006:

     Revenue for the three months ended June 30, 2007 was $10,190,040. Cost of
sales was $9,909,296 resulting in a gross margin of $280,744 which represented
2.8% of sales. The Company had no ongoing operations during the three months
ended June 30, 2006.

     General and administrative expenses during the three months ended June 30,
2007 were $231,589, compared to $30,268 for the three months ended June 30,
2006. The increase of $201,321 is primarily attributable to the aforementioned
reorganization of the Company.



<PAGE>


     During the three months ended June 30, 2007, the Company recognized a net
loss of $5,340 compared to a net loss of $30,037 during the three months ended
June 30, 2006. The Company had no ongoing operations during the three months
ended June 30, 2006. Comprehensive income for the three months ended June 30,
2007 was $476,369 compared to a comprehensive loss of $33,343 for three months
ended June 30, 2006. Comprehensive income or loss includes foreign currency
translation adjustments and gains or losses on investment securities held.

Six months ended June 30, 2007 compared to six months ended June 30, 2006:

     Revenue for the six months ended June 30, 2007 was $17,269,834. Cost of
sales was $16,788,670 resulting in a gross margin of $481,164 which represented
2.8% of sales. The Company had no ongoing operations during the six months ended
June 30, 2006.

     General and administrative expenses during the six months ended June 30,
2007 were $414,460, compared to $39,600 for the six months ended June 30, 2006.
The increase of $374,860 is primarily attributable to the aforementioned
reorganization of the Company.

     During the six months ended June 30, 2007, the Company recognized a net
loss of $21,878 compared to a net loss of $39,326 during the six months ended
June 30, 2006. The Company had no ongoing operations during the six months ended
June 30, 2006. Comprehensive income for the six months ended June 30, 2007 was
$939,138 compared to a comprehensive loss of $44,994 for six months ended June
30, 2006. Comprehensive income or loss includes foreign currency translation
adjustments and gains or losses on investment securities held.

Liquidity and Capital Resources

     The Company's cash balance at June 30, 2007 decreased $43,189 from
$1,168,344 as of December 31, 2006, to $1,125,155. The decrease was the result
of cash used in operating activities of $1,184,440, offset by cash provided by
investing activities of $840, cash provided by financing activities of $316,750,
and the effect of exchange rates on cash of $823,661. Operating activities for
the quarter ended June 30, 2007 exclusive of changes in operating assets and
liabilities provided $35,388, as well as an increase in accounts payable,
accrued expenses and other liabilities of $2,035,359, offset by an increase in
accounts receivable and other assets of $3,255,187.

     As of June 30, 2007, the Company owns 23,244 shares or approximately 0.06%
of the outstanding common stock of Vyta Corp ("Vyta"), of which 7,500 shares are
subject to warrant agreements, described below. The Company has classified its
investment in Vyta as available for sale securities in which unrealized gains
(losses) are recorded to shareholders' equity. At June 30, 2007, 15,744 shares
of Vyta Corp common stock are tradable, and based upon the closing price of
$0.41 per share, the market value of the Vyta common shares at June 30, 2007,
was $6,455.

     Prior to September 30, 2003, the Company entered into an agreement with an
unrelated third party, to sell 5,000 shares of the Vyta common stock held by the
Company along with warrants to purchase up to 15,000 restricted shares of Vyta
common stock held by the Company. In exchange for the Vyta common stock and
warrants, the Company received $50,000 cash. The warrants have an exercise price
of $0.50 per share. The first warrant of 7,500 shares expired in October 2004.
The second warrant of 7,500 shares has a term of 5 years.

     The remaining warrant provides for cashless exercise and is exercisable
immediately.

     The warrants are considered derivative financial instruments and are
therefore recorded in the balance sheet at fair value. Changes in the fair value
of the warrants (unrealized gains and losses) are recognized currently in
earnings (loss) of the Company. At June 30, 2007, the fair value of the
derivative was estimated to be $0.


Item 3.  Controls and Procedures

a.   Evaluation of Disclosure Controls and Procedures:

The management of the company has evaluated the effectiveness of the issuer's
disclosure controls and procedures as of the end of the period of the report,
June 30, 2007 and have concluded that the disclosure controls, internal controls
and procedures are adequate and effective based upon their evaluation as of the
evaluation date.



<PAGE>


b.   Changes in Internal Control over Financial Reporting:

There were no changes in the small business issuers internal control over
financial reporting identified in connection with the Company evaluation
required by paragraph (d) of Rule 13a-15 or Rule 15d-15 under the Exchange act
that occurred during the small business issuers last fiscal quarter that has
materially affected or is reasonable likely to materially affect, the small
business issuers internal control over financial reporting.

Item 3(a). Controls and Procedures

There have been no changes in the small business issuers internal control over
financial reporting identified in connection with the evaluation required by
paragraph (d) of Rule 240.15d-15 that occurred during the small business
issuer's last fiscal quarter that has materially affected, or is reasonable
likely to materially affect, the small business issuer's internal control over
financial reporting.

                           PART II - OTHER INFORMATION


Item 1.  Legal Proceedings

None

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

Set forth below is information regarding the issuance and sale of our securities
without registration during the three month period ended June 30, 2007:

o    In April 2007, warrants to purchase 75,000 shares of common stock were
     exercise under a cashless exercise provision for 37,500 shares of common
     stock. The warrants had an exercise price of $0.10 per share.

o    In June 2007, warrants to purchase 100,000 shares of common stock were
     exercise under a cashless exercise provision for 58,334 shares of common
     stock. The warrants had an exercise price of $0.10 per share.

Each of the above issuances were deemed to be exempt under rule 506 of
Regulation D and/or Section 4(2) of the Securities Act of 1933, as amended. No
advertising or general solicitation was employed in offering the securities. The
offerings and sales were made to a limited number of persons, all of whom were
accredited investors, business associates of our company or executive officers
of our company, and transfer was restricted by our company in accordance with
the requirements of the Securities Act of 1933. In addition to representations
by the above-referenced persons, we have made independent determinations that
all of the above-referenced persons were accredited or sophisticated investors,
and that they were capable of analyzing the merits and risks of their
investment, and that they understood the speculative nature of their investment.
Furthermore, all of the above-referenced persons were provided with access to
our Securities and Exchange Commission filings.

Item 3.  Defaults Upon Senior Securities

None

Item 4.  Submission of Matters to a Vote of Security Holders

None

Item 5.  Other Information

None



<PAGE>


Item 6.    Exhibits

(a)  Exhibits. The following is a complete list of exhibits field as part of
     this Form 10-QSB. Exhibit numbers correspond to the numbers in the Exhibit
     Table of Item 601 of Regulation S-B.

     Exhibit 31.1 Certification of Chief Executive Officer pursuant to Section
          302 of the Sarbanes-Oxley Act

     Exhibit 31.2 Certification of Chief Financial Officer pursuant to Section
          302 of the Sarbanes-Oxley Act

     Exhibit 32.1 Certification of Principal Executive Officer pursuant to
          Section 906 of the Sarbanes-Oxley Act

     Exhibit 32.2 Certification of Principal Financial Officer pursuant to
          Section 906 of the Sarbanes-Oxley Act


     (b)  Reports on Form 8-K. During the three-month period ended June 30,
          2007, the Company filed the following Current Reports on Form 8-K:

          Current Report on Form 8-K filed on April 23, 2007, which included
          disclosure under Item 4 related to the dismissal of Larry O'Donnell,
          CPA as the Company's auditor and the appointment of Pollard-Kelley
          Audit Services, Inc. as the Company's auditor. This change was
          approved by the Company's Board of Directors.

          Current Report on Form 8-K filed on April 23, 2007, which included
          disclosure under Item 4 related to the conclusion of the Company's
          Board of Directors and management that certain financial statements
          previously filed on November 16, 2006 on Form 8-K12g3 could not be
          relied upon and that the document would be amended with restated
          financial statements.



<PAGE>


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                                     NEWMARKET CHINA, INC.
                                                     (Registrant)

Date:    August 15, 2007                    /s/ John Verges
                                            ------------------------------------
                                                     John Verges,
                                                     Chief Executive Officer


                                            /s/  Philip Rauch
                                            ---------------------------
                                                     Philip J. Rauch,
                                                     Chief Financial Officer