SOURCE: NewMarket China, Inc.

May 07, 2008 09:35 ET

NewMarket China, Inc. Announces Plans to Change Corporate Name to China Crescent Enterprises, Inc.

Name Change Will Highlight the Company's Independent Direction to Be Discussed in Strategic Plan Update Webcast Scheduled for May 14, 2008 at 4:30 PM EDT

DALLAS, TX--(Marketwire - May 7, 2008) - NewMarket China, Inc. (OTCBB: NMCH) today announced the Company's plans to change its corporate name to China Crescent Enterprises, Inc. The name change, which has already been approved by the Board of Directors, is meant to reflect the Company's independent direction. When the Company's core operations were established in January of 2005, they were purposely designed to resemble its parent company. Now the Company has developed to a point where the similarities between the two organizations are becoming fewer, and the Company's forward-looking plans will likely broaden the difference between the two. The name change will formally become effective upon satisfaction of various State of Nevada and Securities and Exchange Commission administrative requirements. In conjunction with the name change, the Company will also apply for a new CUSIP and ticker symbol.

New Lines of Business

Last week, NewMarket China announced plans to expand current operations into new lines of business (http://biz.yahoo.com/iw/080430/0392162.html). The Company currently provides a wide range of technology services to include hardware and software sales, support and customization. The Company has already expanded its software development services outside of China and signed initial contracts in North America. The news lines of business are set to be discussed in the Company's upcoming Webcast on May 14, 2008.

Recent CEO Letter to Shareholders

NewMarket China last week released a letter to shareholders from CEO John T. Verges. The letter highlights the Company's rapid growth to $40 million in revenue and its improving financial performance over the past five quarters since the Company's reorganization. Additionally, the letter goes on to discuss how the current share price performance has not yet reflected the Company's fundamental financial performance. The letter, which provides thoughtful internal analysis on share price performance potential, is meant to provide insight to shareholders and investors in regard to management's ongoing commitment to the Company's vision while current market performance is not necessarily conveying fundamental financial progress. The CEO's intention is to open a dialogue with shareholders and investors on the relationship between operational performance and share price performance.

To receive a copy of the letter in its entirety, contact the Company at ir@newmarketchina.com or 214-722-3065.

Strategic Plan Update Webcast Scheduled for May 14, 2008 at 4:30 PM EDT

The Company has scheduled a Webcast for 4:30 pm EDT on May 14, 2008 to present a strategic plan update. A link to the Webcast will be available at http://www.investorcalendar.com/IC/CEPage.asp?ID=127668.

Also available at this link is an archive to the recent Webcast reviewing 2007 operational and financial results conducted by the Company CEO and CFO.

Corporate Fact Sheet and Email Updates

If you would like to receive a corporate fact sheet highlighting the Company's operations, business plan and technology partners, or to be added to the corporate e-mail list for updates, please send an e-mail to ir@newmarketchina.com or call 214-722-3065.

About NewMarket China, Inc. (www.newmarketchina.com)

NewMarket China, Inc. is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.

Headquartered in Dallas with operations in Shanghai and Beijing, NewMarket China bridges the gap between Western and Eastern business cultures to assist western clients in realizing the advantages of the high quality, low cost technology products and services available from China. NewMarket China also assists Western clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.

"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.

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