SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

February 08, 2010 09:15 ET

10% Potential Growth in China Received as Favorable Indicator on Viability of China Crescent Enterprises, Inc.'s 2010 $100 Million Profitable Revenue Objective

DALLAS, TX--(Marketwire - February 8, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company expects continued growth in 2010 in conjunction with recently announced 10% anticipated growth rate for the country. According to the Shanghai Securities News and the Chinese Academy of Sciences, China's economy may grow roughly 10% this year, where growth may be the fastest in the first quarter with as much as 11% (

China Crescent recently expanded the Company's business lines to include original design manufacturing (ODM) and has announced over $100 million in Wi-Fi ODM contracts anticipated to be signed within the first quarter of 2010. The average term of the anticipated contracts is three years and the revenue from the contracts would be recognized over the course of the average three-year term. The proprietary technology of NuMobile, Inc. (OTCBB: NUBL), a China Crescent technology partner, would provide an integral component in the anticipated contracts.

More details on China Crescent's ODM business line can be found in a recently released on-demand Webcast titled 'Greenfield $100M ODM Contract Pipeline Webcast' by going to Recent Webcasts on China Crescent's corporate website,

New Management and $85 Million Revenue Forecast

China Crescent recently announced management changes, including the appointment of Dr. James Jiang as Chief Executive Officer and Retired Major General Hugh Robinson to the Company's board of directors. General Robinson recently introduced a strategic update Webcast with more information on the Company's new CEO Dr. James Jiang. Additionally, the Webcast reviews the Company's historical performance and $85 million profitable 2010 revenue forecast and $100 million revenue potential based on China Crescent's current sales pipeline, recent outsourcing services success and recent acquisition.

A link to the Webcast titled 'China Crescent 2010 Strategic Update Webcast' is now available under Recent Webcasts on the corporate website at, and a direct link is available here:

Sign Up to Receive Regular China Crescent Investor Updates

China Crescent sends regular email updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage ( Recipients can manage their own email contact profile and safely unsubscribe at any time.

About China Crescent Enterprises, Inc. (

China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. Following a recent strategic acquisition, the Company has expanded its business line to include original design manufacturing (ODM). China Crescent reported over $40 million in profitable revenue in 2008. The Company has reported record profits through the first 9 months of 2009 and anticipates reporting record profit in the 2009 annual report. Management has set a goal of reaching $100 million in revenue in 2010.

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


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 China Crescent'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.

Contact Information