SOURCE: NewMarket China, Inc.

June 10, 2008 09:35 ET

NewMarket China, Inc. Featured by WallSt.net in Interview of New CEO, Paul K. Danner, Discussing Plans to Grow From $40 Million in 2007 Revenue to $50 Million in 2008

New CEO to Lead Expansion Into New Lines of Business and Next Phase of Aggressive Growth Signaled by Name Change to China Crescent Enterprises, Inc.

DALLAS, TX--(Marketwire - June 10, 2008) - NewMarket China, Inc. (OTCBB: NMCH) CEO Paul K. Danner is featured today in an interview by WallSt.net: http://tv.wallst.net/3-minute-press/94/472/NMCH/paul-danner/newmarket-china-inc/.

Mr. Danner was recently announced as the Chief Executive Officer of NewMarket China. Since launching operations in January of 2005 and growing to $40 million in profitable revenue in 2007, the Company has been positioning itself for its next stage of aggressive growth. Mr. Danner has been working with the outgoing CEO, John T. Verges since February. Mr. Danner originally joined NewMarket Technology to spearhead the Company's merger & acquisition efforts throughout Asia. He is now taking the reins as CEO to lead NewMarket China into new lines of business intended to substantially enhance the Company's net income, while continuing to improve the performance of existing business operations, maximizing revenue and profitability.

NewMarket China, Inc. reported a profitable $40 million in revenue in 2007. The Company recently reported $8.5 million in Q1 2008 revenue, a 20% increase in revenue over Q1 2007, and $97k in net income before currency translation compared to a $16k loss for the same period last year.

Corporate Name Change to China Crescent Enterprises, Inc.

NewMarket China recently announced its intentions to change the Company's corporate name to China Crescent Enterprises, Inc. This change is part of the Company's overall plan to better position the Company for business development in the Asian market. China offers many opportunities, and often times they are quite different from those available in North America.

The Company is well on its way to completing the name change. The process typically takes 30 to 60 days to complete, and the Company is targeting a completion of the process by the end of June. The new corporate name was chosen to capture the symbolism of a waxing crescent moon. The lunar cycle is intertwined within Chinese culture, and the name is designed to draw parallels between the light that is shed on a waxing crescent moon and the rapid growth of China's emerging economy.

China Conference Scheduled for June 23, 2008

The Company's previously announced live conference, scheduled for June 23, 2008, will discuss the name change and the Company's forward-looking plans. If you would like to attend, please contact Whitney Marks at wmarks@newmarketchina.com or 214-722-3052 to reserve a seat.

Mr. Danner has extensive senior management experience leading fast growth, publicly listed companies, in addition to having extensive experience managing operations in Asia. Before joining NewMarket, Mr. Danner was the Chief Executive Officer of Paragon Financial Corporation, a publicly listed company he formed in 2001 to acquire financial services institutions. Prior to founding Paragon, Mr. Danner was employed by MyTurn.com, Inc., a NASDAQ-listed company, where he served in a variety of leadership roles including Chief Executive Officer. Previous corporate positions with a number of Fortune 100 technology companies including Control Data and NEC provided managerial and executive level experience in sales, marketing, operations, finance and manufacturing. Mr. Danner earned a Bachelor of Science degree in Business Finance from Colorado State University in 1979, and an MBA from Old Dominion University in 1986. From 1979 to 1985 Mr. Danner served on active duty with the United States Navy flying the F-14 Tomcat. Currently, he is a Captain in the United States Navy Reserve and is currently assigned as the Chief of Staff, Naval Air Systems Command Reserve Program at Naval Air Station Patuxent River, Maryland.

Corporate E-mail Updates

To be added to NewMarket China's e-mail database to receive company updates or to obtain more information on the Company, 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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