Consumer Capital Group, Inc. On-line Retail CCGN: OTC/BB

June 14, 2011

Its appears China’s Silk Road is taking a turn onto the digital highway

through a growing list of on-line retailers, marketplaces and social shop-ping sites. With a large population and a building middle class, China is a

dream retail market. Shanghai-based iResearch estimated that by the end

of 2010, over 145 million Chinese had joined the ranks of on-line shop-

pers. Buying goods and services on-line rather than going to the local

store is rising in popularity in part due to increased availability of com-puters and mobile phones that connect to the Internet. Broadband ser-

vice, so important for product display and transaction security, reaches

more people as well. Along with per capita incomes, debit and credit card

use is also on the rise in China.

The opportunity is nigh for Consumer Capital Group (CCG), among the

newest on-line marketplaces that provides a platform for manufacturers and distributors to promote and sell products and services directly to con-

sumers on-line. Called the Chinese Consumer Market Network and located

at the Internet address WWW.CCMUS.COM the platform has quickly built

up traffic to over 20,000 unique visitors per day. Bonus point systems

and sweepstakes help generate consumer interest and encourage on-line

purchases. The Company is using a direct sales approach to build its network of ven-

dors to expand product offering on the CCMUS platform. In partnership

with China’s Fuxin Bank CCG began a branded debit card program de-

signed to enable card-based purchases either at local stores or on-line. In

the first few months Fuxin Bank issued over 300,000 debit cards bearing

the CCMUS brand.

CCG reported $12.1 million in total sales in the year 2010, its first year of operation. A food distribution operation acquired in November 2010 con-

tributed $384,053 to the top-line in the final weeks of the year. CCG

earned a modest profit and converted 12.4% of sales to cash in 2010, pro-

viding a strong showing in is first year of operation as an emerging e-

commerce operation.

PROFILE

FINANCIAL PERFORMANCE

MARKET DATA

Price: $2.50 (6/13/11)

52 Wk Hi-Lo: $7.00 - $2.50

Ave. Volume: 803 K

Short Interest: NA

Beta: NA

VALUATION

Price/Sales: 3.4 X

Price/CFO: Neg

Price/EPS: Neg

Price/Book Value: 42.9 X

Based on TTM ending 3/31/11

Consensus EPS 2011: NA

Forward PE: NA

Consensus EPS 2012: NA

Forward PE: NA

Please read the important disclosures on page 7 of this report.

CER Focus Report

EQUITY SECURITIES

Common Shares Out: 18.9 M

Insiders: 75%

Float: 4.7 M

Institutional: <1%

5% Holders: 5.8%

Common Dividend: Nil

Preferred Shares: -0-

Warrants and

Options Outstanding: 3.3

As of 3/31/11

Dollars in millions; fiscal year ends December. Source: Company Reports

-$2

$0

$2

$4

$6

$8

$10

$12

$14

2008 2009 2010 - TTM 3-11

Sales

Operating

Income

Cash Flow

from

Operations

北京

Page 2

COMPARABLES/PEERS

INVESTMENT HIGHLIGHTS

Positives

Large market opportunity in China’s nascent e-commerce industry

through rapid spread of broadband Internet connectivity, building con-

sumer buying power and fast adoption rates for on-line purchasing

China Central Government support for e-commerce activities for its job

creation potential despite government oversight of Internet access

Early mover status in the marketplace segment of the e-commerce in-

dustry with unique business-to-consumer platform

High-margin business model in e-commerce segment which does not

assume inventory or order fulfillment risk

Strong strategic partnership in Fuxin Bank for novel and timely

branded debit card program

Diversification through addition of food wholesale distribution operation

acquired in November 2010

Nominal dilution from the exercise of outstanding derivative securities

No-debt balance sheet with adequate cash and working capital reserves

Negatives

Intensifying competition in the e-commerce arena as high growth and

low barriers to entry attract and enable new entrants

Majority ownership by insiders who can control strategic direction

Related party transactions, including a critical contractual relationship

with an entity under common ownership that holds required permits

and licenses to do business in China

Lesser-known auditor that may not command investor confidence given

recent allegations of inadequate audits by small accounting firms

Majority of business operations are conducted outside the United States

and in the Chinese language, complicating efforts by U.S. investors to

complete full due diligence or monitor the Company’s operations

Potential for quarterly variance in results due to trends in the foreign

exchange rates between the function currency (Chinese renminbi) and

the reporting currency (U.S. dollar).

Thin leadership ranks with no independent board members, family rela-

tionships among senior management and on board of directors, and

CEO and CFO positions held by one individual

Relatively unseasoned equity securities with significant spread between

bid and ask prices that could lead to a loss for short-term holders

OUTLOOK

2008 2009 2010 3 Mo 10 3 Mo 11 2011 Est

Sales -0- -0- $12.1 -0- $1.9 $18.0

Gross Profit -0- -0- $11.7 -0- $0.6 Margin na na 96.7% na 31.6%

Oper. Inc. -0- ($0.3) $ 1.5 ($0.1) ($0.8)

Net Inc. -0- ($0.3) $ 0.8 ($0.1) ($1.1)

CFO -0- ($0.3) $ 1.5 ($0.3) ($2.4) $ 2.3

EPS -0- ($0.00) $0.00 ($0.01) ($0.06)

ROE na Neg 18.2%

ROA na Neg 36.3% Dollars in millions except EPS; Fiscal year ends December. Operations commended 2010. Source: Company Reports and Crystal Equity Research Estimates

Consumer Capital Group

comes to the U.S. equity mar-

ket at a particularly challeng-ing time. The Company com-

pleted a reverse merger into a

public shell corporation and

began trading in the U.S. eq-

uity markets in February

2011. Yet the credibility of companies using the reverse

merger approach to access

the U.S. capital market is un-

der question following allega-

tions of fraud and inaccurate financial reporting by certain

China-based companies.

Stock prices of the group

have been under pressure on

announcements of SEC in-

vestigations and resignations of key leadership. As a

closely held company with a

short operating history Con-

sumer Capital Group will

have much to prove. That said, CCG has entered

the China e-commerce mar-

ket with a clever B2C plat-

form at a time of great oppor-

tunity for early movers. The

first year of operation has proven the platform function-

ality and marketability.

CCGN shares are highly

speculative and appropriate

only for risk tolerant inves-tors with long-term invest-

ment horizons.

OPERATING RESULTS

Amazon (AMZN: Nasdaq)

BidGive International (BDGV: Nasdaq)

Bidz.com (BIDZ: Nasdaq)

DangDang (DANG: Nasdaq)

DrugStore.com (DSCM: Nasdaq)

eBay (EBAY: Nasdaq)

Blue Nile (NILE: Nasdaq)

Overstock.com (OSTK: Nsdq)

RenRen.com (RENN: Nasdaq)

Stamps.com (STMP: Nasdaq)

ValueVision Media (VVTV: Nasdaq)

Vitacost.com (VITC: Nasdaq)

Consumer Capital Group, Inc. June 14, 2011

Page 3

Anton & Chia, LP, San Diego, CA - auditor

Nuwa Group, San Francisco, CA - investor relations representative

Richardson Patel, New York, NY - Legal Counsel

China Consumer Association - consumer protection group

CP Home Consumer Protection Foundation of China

CORPORATE RELATIONSHIPS

BUSINESS DESCRIPTION

Based in Beijing, China, Consumer Capital Group, Inc. (CCG) is an

emerging player in China’s new e-commerce sector. CCG has developed its Chinese Consumer Market Network a platform for manufacturers and

distributors to sell directly to consumers. This arrangement is commonly

known as a Business-to-Consumer or B2C model. The platform web site

is located at WWW.CCMUS.COM.

In addition to e-commerce, the Company entered the food distribution

market in late 2010 through the acquisition of 51% interest in Beijing Beitun Trade Co., Ltd. The trading arm reported over $4.0 million in an-

nual sales in the year 2010, and is expected to diversify sales.

Consumer Capital Group was founded by venture capitalist Jianmin

“Jack” Gao and his family. Both Gao’s wife Lingling Zhang and their son

Fei Gao are actively involved in the direction and operations of the Com-

pany as members of the board and senior management team.

GROWTH STRATEGY

HypeState.com, an Internet traffic research firm, recently reported that the CCMUS.com platform received over 15,000 unique visitors per day and

accessed over 75,000 pages or 4.9 pages per visitor. In e-commerce par-

lance HypeState valued the site at $51.73 per visitor or $24.0 million per

year. The traffic measure differs a bit from that of another Internet traffic

research house, SiteLatitude.com. According to SiteLatitude.com, the

CCMUS.com platform was receiving over 20,000 unique visitors per day at

the beginning of 2011. CCG’s principal growth strategy is to build traffic to its e-commerce plat-

form. Tactics include a mix of search engine placement strategies, social

media placement and customer experience enhancements. The later in-

volves expansion of the sweepstakes, discounts and bonuses that add to

consumer purchasing power and deliver an entertaining experience.

A new branded debit card program is also expected to help drive traffic and convert purchases. In partnership with Fuxin Bank, the Company

has issued over 300,000 debit cards that allow consumers to use “plastic”

instead of cash for local and on-line purchases. While cash and bank

checks remain the most popular with consumers, increasing incomes and

government encouragement of plastic cards over cash, debit and credit cards are quickly penetrating the China economy. The availability of a

CCG-branded debit card is expected to fuel site traffic and transactions.

On the other side of the platform, the Company is continuous building

the products and services through new vendor relationships. CCG has

embarked on direct sales campaign to find and qualify new vendors. At the end of March 2011, 116 vendors were a part of the CCMUS network.

E-Commerce Division

Clothing and Shorts

Consumer Electronics

Consumer Services

Cosmetics and Beauty

Culture and Sports

Electronics

Foreign Goods

Home Furnishings

Household Appliances

Jewelry and Accessories

Maternity

Nutrition Health Supplements

Office Supplies

Travel Services

Distribution Division

Imported Foods and Meats

PRODUCT LINES

Consumer Capital Group, Inc. June 14, 2011

June 14-17, 2011 - Internet Retail

Conference & Exhibition 2011, San Diego, CA

June 26-28, 2011 - Electronic Home Shopping Conference, Stock-holm, Sweden

June 28-29, 2011 - Media CEO Conference, London, UK

Sept. 27-28, 2011 - Online Re-tailer Conference & e-Commerce

Expo, Sydney, Australia

INDUSTRY CALENDAR

28%

72%

e-Commerce

Distribution

2010 SEGMENTS

*Bietun Trading was acquired in Nov. 2010; sales are shown pro forma as if Beitun contributed to entire year

STRATEGIC RELATIONS

Alipay.com - electronic pay-

ment processor

China UnionPay - interna-tional credit card vendor

Fuxin Bank, Beijing, China - CCMUS-branded consumer debit card partner

Pendga Group - key vendor

Xiedao.com - key vendor

BALANCES

OPERATING PERFORMANCE

At the end of March 2011, CCG held $1.1 million in cash and

equivalents on its balance sheet. This compares to $3.0 million three months earlier. The Company used $2.4 million in the first

quarter 2011 to support operations and to funded working capital

accounts.

Working capital declined to $0.9 million at the end of March

2011, impacted primarily by the use of cash to support opera-

tions. Inventory increased 57.6% to $520,820 at the end of the quarter and consists entirely of packaged food products. Ac-

counts payable and accrued liabilities were paid down in the

quarter, representing another significant use of cash.

Long-term assets are nominal as the Company’s operations do

not involve in-house manufacturing. Non-current assets totaled

$246,610 at the end of March 2011. Property, plant and equip-ment consists primarily of computer and network equipment.

The Company has no long-term debt. Nonetheless, investors

should note a payable to a related party in the Company’s cur-

rent liabilities. CCG owes a total of $608,079 to two members of

management in the form of non-interest bearing loans.

Stockholders’ equity totaled $1.1 million at the end of the quar-

ter, approximately half what it was three months earlier. Equity was impacted by the reported net loss in the period.

CASH FLOW AND BALANCES

Page 4

EARNINGS COMPARISONS

With the acquisition of the food distribution operation Beijing

Beitun Trade Co. in November 2010, the business profile of Con-

sumer Capital Group took on a different profile. The e-commerce segment is principally an agency business model, in which the

Company earns revenue with each successfully delivered order to

a customer. Vendors set their own prices and pay CCG a fee

based on a contractual arrangement. When the item has been

delivered or the service rendered, CCG remits the payment col-

lected from the customer. The payment is remitted to the vendor net of the fee. The Company never assumes inventory control or

risk as the vendor is responsible for order fulfillment.

On the other hand, the food distribution segment involves the

purchase and resale of inventory. The Company assumes full

inventory risk. The model requires adequate working capital re-

sources to support inventory purchases in advance of orders.

The food distribution business contributed $400,000 to revenue in the final weeks of the fourth quarter 2010, and $1.3 million to

the first quarter 2011. For the full year 2010, the operation real-

ized $4.6 million in total sales. Gross profit in the year was 2.2%.

CCG launched the e-commerce segment in the second quarter

2010, recording $11.7 million in total sales for the year. The

Company does not report direct costs associated with the e-commerce segment, including network costs instead in operating

expenses. Sales in 1Q11 totaled $606,791, reflecting the short-

ened business hours during the Chinese New Year celebration.

Operating expenses totaled $10.2 million in the year 2010, leav-

ing a $1.5 million operating profit. Principally all operating ex-

penses were attributable to the e-commerce segment.

12/31/10 3/31/11

Cash $3.0 $1.1

Current assets $4.1 $2.1

PP&E, net <0.1 <0.1

Total assets $4.4 $2.4

Accts. Payable $0.5 $0.3

Current portion LTD -0- -0-

Current Liabilities $2.2 $1.2

Notes Payable -0- -0-

Equity $2.2 $1.1

Shares Outstanding 17.8 18.9 Warrants and Options -0- 3.3

Dollars, shares and derivatives in millions

Source: Company Reports and Crystal Equity Research Estimates

Quarter Comparison

1Q10 4Q10* 1Q11

Sales -0- na $1.9

Gross Profit -0- na $0.6 Margin na na 31.6%

Oper. Loss -0- na ($0.8) Margin na na Neg

Net Loss ($0.1) na ($1.1)

CFO ($0.3) na ($2.4)

Loss/Share ($0.10) na ($0.06)

First Quarter 2011 Segment Comparison

E-commerce Beitun** Total

Sales $0.6 $ 1.3 $1.9

Gross Profit $0.6 < 0.1 $0.6 Margin 100% 0.0% 31.6%

Oper. Loss ($0.8) < 0.1 ($0.8) Margin Neg 0.0% Neg

Net Loss ($1.1) <(0.1) ($1.1)

Dollars in millions except EPS; Year ends Dec.

*Fourth quarter 2010 results have not been dis-closed separately for the year 2010 results

**Beijing Beitun Trade Co. wholesale distribution

Consumer Capital Group, Inc. June 14, 2011

Growing population in China of

shopping on-line

Expansion of middle class and

building consumer purchasing

power in China

China Central Government

endorsement of e-commerce for

job creation

Wider availability of broadband

Internet connectivity and user

devices across China

GROWTH DRIVERS

Young Adults - 18-35 years

Middle Class Homeowners

Professionals

Educated Youth and Adults

TARGET MARKETS

On-line Retailers

Vancl.com

360buy.com

Joyo.com

Ctrip.com

Marketplaces

Consumer-to-Consumer

PaiPai.com*

Eachnet.com*

Business-to-Consumer

TaoBao.com*

DangDang.com*

Social Networks

RenRen.com

Meilishuo.com

Mogujie.com

Fangdongxi.com

Duitang.com

Paopaojie.com

Business-to-Business

Alibaba.com

HC360.com

MyeKoo.com

Traditional Retailers On-line

Gome.com

COFCO.com

Lining.com

*Recognized as direct competition by

the Company

COMPETITIVE POSITION

China’s Central Government is so notorious for its restrictions on Internet

access its authority has been called the Great Firewall of China. Appar-ently official concern for unfettered web browsing does not extend to do-

mestic retailers. During a recent social uprising in a northern area, only

e-commerce Internet sites remained accessible. The PRC says its policies

encourage the development of Internet-based commerce for its potential

in creating high-paying jobs.

Chinese consumers are ready to stay home and shop. According to Inter-

net World Stats, the number of Internet users in China had topped 420

million by the end of March 2011. This represents a penetration rate of

about 20%, still well behind the 74% achieved in the U.S. Yet the Chi-

nese web surfers are gaining ground, spurred in part by rising personal

income. The availability of more reliable broadband Internet services and increased access to computers and smart phones are also playing a role

in bringing more people in the China market to the Internet venue.

Another important development is the adoption of debit and credit cards

as alternatives to cash. Historically, the Chinese have opted for doing

business with cash, suggesting a preference for in-person shopping. Nonetheless, the increased availability of debit and credit cards is usher-

ing in a significant shift away from all-cash transactions.

The means to complete electronic purchases may be the least of China’s

concerns in fostering an e-commerce industry. Order fulfillment is an-

other more vexing issue. Transportation in China is frustrated by a

widely dispersed communities inadequately linked by proper trucking or other shipping networks. Currently, on-line retailing is limited to cus-

tomers within the immediate metropolitan area where a vendor has estab-

lished transportation capabilities.

MARKET OPPORTUNITY

Page 5

COMPETITION

CCG is not the first to the market, but its unique “marketplace” platform

provides the Company at least early-mover status. The CCMUS.com plat-

form eliminates the typical intermediary that stands between the manu-

facturer and the consumer. The platform gives manufacturers direct ac-cess to shoppers who have registered for the CCMUS.com program. Ven-

dors can use the platform to advertise their products, gain access to cus-

tomers and process transactions. The platform allows vendors to main-

tain up to date product descriptions and pricing.

Consumers register as members of the CCMUS.com “buying club.” There

were over 18,000 members at end of March 2011. Bonus point systems and sweepstakes help generate consumer interest and encourage on-line

purchases.

The other principal e-commerce marketplaces operating in China are

largely consumer-to-consumer (C2C) platforms with characteristics simi-

lar to eBay. Paipai.com caters to the wealthy with trendy, fashionable

clothing and personal items. eBay Corp. subsidiary in China, Each-net.com, provides a venue for individuals to reach other consumers.

Eachnet.com receives approximately 112,000 unique visitors per day, ap-

proximately five times that of CCG.

TaoBao.com owned by Alibaba is a business-to-consumer (B2C) platform.

It is the largest of China’s e-commerce sites and is known for its bargains for a wide variety of consumer goods. Taobao reported more than 370

million registered users as of the end of 2010 and currently hosts more

than 800 million product listings. DangDang.com also offers general

merchandise but has differentiated its products with books and music.

The recent initial public offering by RenRen.com, a China social network-

ing site is likely to begin an important shift from Web 2.0 oriented e-commerce sites to the highly personalized Web 3.0 architecture.

Consumer Capital Group, Inc. June 14, 2011

Consumer Capital Group, Inc. June 14, 2011

Page 6

OWNERSHIP

Jianmin Gao wears three hats at Consumer Capital Group. He is Chair-

man, Chief Executive Officer and Chief Financial Officer. Gao founded

the Company with his wife Lingling Zhang and son Fei Gao. He has ex-tensive background in venture capital and corporate finance transactions.

With his son and wife, Gao controls 67% of the Company.

Fei Gao is Chief Operating Officer and a Director of the Company. He is

also the principal officer of the Company’s joint venture partner, Ameri-

can Arki Network Service Beijing, on which the Company relies for re-

quired licenses and permits to do business in the PRC. The younger Gao was masters degree in business administration from Tsinghua University.

Dong Yao is the Company’s Chief Technical Officer and a Directors. He

is responsible for the integrity of the consumer network architecture. Yao

was previously network director for Beichen Tianjin and Tianjian Network

Technology, both network technology companies. Hui Chen is Vice President a Director of the Company. Mr. Chen gradu-

ated from Jiangsu Changzhou Industrial Technology University with a

bachelor of arts degree in accounting and masters degree in business

administration from Stockholm University in Sweden.

Wei Guo is the managing director of the Beijing Beitun Trade food distri-

bution operation acquired by the Company in 2010. Ms. Guo owns 49% of Beijing Beitun Trade.

Lingling Zhang is the Corporate Secretary and a member of the Board of

Directors. She is the wife of Jianmin Goa and the mother of Fei Gao.

Shares of

Common Stock

Insiders:

J. Gao, CEO, CFO 8.9

F. Gao, COO, Director 3.1

D. Yao, CTO, Director -0-

H. Chen, VP, Director -0-

W. Guo, Managing Dir. -0-

L. Zhang, Sec., Dir 2.2

Total Insiders 14.2 M

As % of Shares

Outstanding 75.1%

5% Holders 1.1 M

As % of Shares

Outstanding 5.8%

Shares in millions Source: Company Reports and Crystal Equity Research Estimates

LEADERSHIP

CAPITALIZATION

Recent Price: $2.50

Shares Out: 18.9 M

Market Capital: $47.3 M

+ Preferred Stock -0-

+ Debt -0-

- Cash $ 1.1 M

Enterprise Val: $46.2 M

Book Value: $1.1 M

Working Capital: $0.9 M

*Balances as of 3/31/11

Source: Company Reports and Crystal Equity Research Estimates

CORPORATE ORGANIZATION

Consumer Capital Group, Inc. Holding Company Delaware Domicile

Arki

e-Commerce

Technology Corporation

100% Owned Wholly Foreign

Owned Enterprise

PRC Domicile

Maintains con-sumer network

systems; owns intellectual prop-erty

America Arki

Network

Management Co. Ltd.

100% Owned Wholly Foreign

Owned Enterprise

PRC Domicile

Manages daily e-commerce opera-

tions and transac-tions in consumer network market

Beijing

Beitun Trade

Co. Ltd.

51% Owned

Subsidiary

PRC Domicile

Wholesale distri-

bution of food and meat products

American

Price Beijing

Bio-tech, Inc.

100% Owned

Subsidiary

PRC Domicile

Import/export of

healthcare prod-ucts; ceased op-erations in 2010

American Arki Network Service Beijing Co., Ltd.

Joint Venture Partner with Common Ownership

Variable Interest Entity

Holds business license and required permits in PRC

OPERATIONS

As shown in the diagram at

the left, Consumer Capital

Group conducts its consumer network and distribution

businesses through three

subsidiaries. The two units

responsible for the consumer

network rely on a series of

agreements with a joint ven-ture partner fully licensed

and permitted in the PRC.

Joint Venture Agreements

Business Cooperation Agreements Exclusive Options on Ownership

Share Pledge Agreements Powers of Attorney

CCMUS.COM PLATFORM - SAMPLE WEB SITE PAGE

Consumer Capital Group, Inc. June 14, 2011

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