SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

March 26, 2010 09:31 ET

China Crescent (CCTR) Announces $100 Million Target for New Mobile Phone Application Offering in Chinese Market

DALLAS, TX--(Marketwire - March 26, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) today released an exclusive Webcast to introduce a software offering targeting the mobile phone market in China. Earlier today, the Company announced a strategic agreement to commence management assistance of a telecommunications industry software firm's operations in China and a contemplated strategic business transaction that would include China Crescent acquiring the firm's operations. The Webcast details the Company's strategy to grow the new telecommunications software offering to a target annual revenue of $100 million within 18 months, augmenting the Company's previously announced 2010 $100 million corporate revenue target. The Webcast is available on the China Crescent corporate website www.chinacrescent.com and is titled 'China Crescent Telecom Software Strategy Webcast (March 26, 2010).' A direct link to the Webcast is available at http://www.chinacrescent.com/wctc_20100326.htm.

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About China Crescent Enterprises, Inc. (www.chinacrescent.com)

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.

"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 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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