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NewMarket China, Inc. Issues
Update on Name Change to China Crescent Enterprises, Inc.
May 31, 2008
NewMarket China, Inc. (OTCBB: NMCH) recently announced its
intentions to change the Company's corporate name to China Crescent
Enterprises, Inc. As was mentioned at that time, this change is part
of the Company's overall plan to distinguish itself from its parent
company and to better position the Company for business development
in the Asian market. The Company is a product of the parent
company's vision to develop small businesses, but it has developed
to a point where it is important not to be confused as simply a
carbon copy. China offers many opportunities, and often times they
are quite different from those available in North America. NewMarket
China will always be a product of the parent company's business
plan, but its regional focus has it growing in different ways.
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
name change has been reviewed by the Securities and Exchange
Commission (SEC), and the Company should be sending out a mailer to
shareholders within the next few days.
As described in a recent Webcast, we chose the name to capture the
symbolism of a waxing crescent moon. The lunar cycle is intertwined
within Chinese culture, and we sought to employ that fact in our new
name. 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 Crescent Enterprises Website
While the new Company Website is not complete, the new Company
domain will be www.ChinaCrescent.com. The old domain will continue
to work, but will be redirected to China Crescent for the
foreseeable future.
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.
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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