China Crescent Enterprises, Inc.

Current Events and Communications

China Crescent Enterprises Year-to-Date Corporate Update Webcast (September 19, 2008 at 12:30 pm EDT)

China Crescent Enterprises 2nd Quarter Financial Review (August 19, 2008 at 4:15 pm EDT)

NewMarket China, Inc. Completes Corporate Name Change to China Crescent Enterprises, Inc. and Begins Trading Under Symbol "CCSE"

Explore, Expand, Excel

China Crescent Enterprises, Inc. provides technology and telecommunication services in China and software development and maintenance services to US customers. Not just your off shore vendor, China Crescent is your international business partner. Headquartered in Shanghai, China Crescent bridges the gap between Western and Eastern business cultures. We can help you realize the advantages of the high quality, low cost development available in China, and overcome the challenge of taking your business global. Whether this is your first step or your next step, we are here to take it with you.

China Crescent understands the differences in business processes, communications, and cultures between the Untied States and China, providing our customers with a successful environment for global relationships and transactions

Expand Your Business:

• Explore a new marketplace for your company in China
• Localize your products and services
• Identify complementary products in China to expand your offering at home
• Outsource software development in China for low cost, high quality results 
• Manufacturing overseas to reduce costs
• Outsource business process to China to reduce overhead and maintain quality and service commitments
• Partner with China Crescent to ensure a smooth, successful international expansion

Subsidiaries and Partnerships

• Clipper Technology - A Shanghai company, wholly owned by China Crescent Enterprises, providing Hardware and Software services throughout China.
• Gaozhi Science and Technology – Our strategic partner based in Shanghai, providing telecommunication and technology solutions within China.
• Shanghai Multimedia Industry Association - The SMIA, a member of the International Federation of Multimedia Associations (FIAM), is the authority on the multimedia industry in Shanghai. With more than 148 member companies, the SMIA has set up a broad network with associations and organizations in more than ten countries, as well as close relationships with the government, media and various corporations throughout China.

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Trade Missions to China

Over the past two years, China Crescent has hosted numerous Trade Missions to China to introduce US companies to Chinese capabilities and opportunities. If you are interested in joining the next Trade Mission, please contact trademission@chinacrescent.com.

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Recent News

China Crescent Enterprises, Inc. Announces $3.6 Million Managed Services Contract

China Crescent Enterprises, Inc.. Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, Financ

China Crescent Enterprises, Inc. CEO Reviews $19.2 Million YTD Revenue and Fourth Continuous Profitable Quarter Driving Toward 2008 $50 Million Profitable Revenue Goal

China Crescent Enterprises, Inc. CEO and CFO to Conduct Webcast Today at 4:15 pm EDT on YTD Financial Performance

China Crescent Enterprises. Financials

China Crescent Enterprises, Inc. Reports Substantial YTD Net Income Growth and Revenue on Track to Meet 2008 $50 Million Forecast

China Crescent Enterprises, Inc. Schedules Q2 2008 Earnings Webcast for Tuesday, August 19, 2008 at 4:15 PM EDT to Review Continued Net Income and Revenue Growth

China Crescent Enterprises, Inc. Update on Operations, Management, $40 Million 2007 Revenue, $50 Million 2008 Forecast, and Partners IBM, Sony, HP and Hitachi Now Available

China Crescent Enterprises, Inc. Gaining Traction and Profits; Expects to Report Higher Than Anticipated Net Income

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Management

Paul K. Danner
CEO – China Crescent Enterprises, Inc.

Mr. Danner joined China Crescent Enterprises as Chief Executive Officer and Board Member earlier this year. Prior to his role as CEO, Mr. Danner served as Managing Director of Asian Operations for NewMarket Technology, Inc. As CEO, Mr. Danner works closely with the company’s US and Chinese management teams on business development activities and M&A activities to fully realize the company’s business opportunities.

Before joining the Company, Mr. Danner was the Chief Executive Officer of Paragon Financial Corporation, an OTC Bulletin Board 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 assigned as the Deputy Chief of Staff, Naval Air Systems Command Reserve Program at Naval Air Station Patuxent River, Maryland.

Philip J. Rauch
Chief Financial Officer

Mr. Rauch brings substantial financial and corporate development talent and experience to NewMarket. Prior to his appointment at NewMarket, Mr. Rauch held the positions of chief operating officer and chief financial officer for Defense Technology Systems, Inc., a U.S.-based company that designs, manufactures and installs safety and security equipment for domestic and international business communities.

Prior to his tenure at Defense Technology Systems, Mr. Rauch was vice president of business operations at AboveNet, and from 1993 to 1997, he served as CFO of Columbus Construction. Mr. Rauch also served as CFO for F. Garofalo Electric Co., a Local #3 IBEW engineering and construction company.

Mr. Rauch holds a Bachelor of Science in Economics with honors from the University of Pennsylvania Wharton School of Business, with a concentration in finance and accounting. Mr. Rauch has further earned a certificate in Construction Management from the Institute of Design and Construction in New York. He is currently a member of the American Management Association and the Construction Financial Management Association.

Dr. James Jiang
President of Chinese Operations

Dr. Jiang has been advising NewMarket for more than two years and has been instrumental in NewMarket's progress in China. Dr. Jiang has successfully lead NewMarket in building revenue to approximately $20 million in 2006 from domestic sales in China with a forecast representing 100% growth to $40 million in 2007 revenue.

Dr. Jiang has over 18 years of information technology, wireless and senior management experience, including CEO level positions. His management resume includes posts with various multinational firms including British Telecom Laboratory, GaozhiSoft, Singapore Technologies and Telular Corp. Dr. Jiang has extensive knowledge of GSM/GPRS systems and architecture, 3G wireless communications and Internet technologies. In 1996, he developed and launched AirTrak, China's first e-commerce service to deliver commerce information from the Internet via a wireless network, and was chief architect of a dynamic web content cache engine and mobile application platform. He holds two patents in Viterbi Decoding and Dynamic Contents Extraction, and is a World Bank Scholar.

As President and Chief Executive Officer of GaozhiSoft, Inc., a leading OSS/BSS software company, Dr. Jiang grew the company by developing proprietary software unique to the Chinese market for servicing China Mobile (NYSE:CHL - News) and China Unicom (NYSE:CHU - News). Dr. Jiang was also the Technical Director for a world leading fixed wireless product company, Telular Corp. Inc. (Nasdaq:WRLS - News), in the United States as well as managing all the technical activities throughout Asia Pacific. From 1992 to 1998, Dr. Jiang was Research and Development Director for Singapore based company, PCI Ltd. (Singapore Stock Exchange: 101345 - News).

Dr. Jiang was awarded his Ph.D. in Digital Mobile Communications from the University of Birmingham in England and his M.S. in Digital Systems from the Cranfield Institute of Technology in England. He earned his B.S. in Electronics from Jiaotong University and was a lecturer at the Shanghai Science & Technology University.

Dr. Larry Wu
Vice President of Business Development

Dr. Wu joined NewMarket Technology two and a half years ago after serving in the Chinese State Council Research Office as a Senior Advisor to the Premier, Mr. Wen Jiabao. His extensive professional work history in China’s public sector will assist Intercell by continuing to expand operations in China beyond the current $20 million revenue anticipated for 2006.

Prior to his position at the State Council Research Office, Dr. Wu worked in Washington D.C. at the Chinese Embassy as a Secretary for Science and Technology. In this position, he led Chinese efforts to promote technology and telecommunications trade and investment, as well as research and development collaborations between Chinese and American companies. Dr. Wu is a published author in his field with three books and numerous articles, which include U.S. publications in Business Week and Red Herring. Most recently, Dr. Wu was named one of “50 Business Opinion Leaders” in June 2006 “Talents” Magazine. Dr. Wu holds a PhD in Public Policy on Science and Technology from Renmin University of China.

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