SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

March 24, 2010 14:53 ET

China Crescent (CCTR) $200 Million 2010 NewMarket (NWMT) Greenfield Partner Revenue Goal With NuMobile (NUBL) and Nova (NVAE) to Be Featured in Webcast

DALLAS, TX--(Marketwire - March 24, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) and its partners, NuMobile, Inc. (OTCBB: NUBL) and Nova Energy, Inc. (OTCBB: NVAE), are set to be featured in a Webcast scheduled for release tomorrow, March 25th. All three companies are participants in the NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield Partnership Program. China Crescent CEO Dr. James Jiang recently announced the Company's goal to generate $200 million in revenue through partnership programs in 2010. The $200 million represents an additional $100 million revenue goal, with the additional $100 million revenue not necessarily to be recognized directly by China Crescent, but otherwise to be recognized in a combination of opportunities won by individual partner participants. The Webcast is also meant to provide a preview of upcoming financial reports for fiscal year 2009 for program participant companies. A link to the on-demand Webcast will be posted to the NewMarket corporate website upon release Thursday.

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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.

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