SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

April 20, 2010 11:02 ET

China Crescent (CCTR) Re-Announces $100 Million 2010 Revenue Outlook After Reporting $45 Million in 2009 Revenue and Record $2.1 Million Net Income

DALLAS, TX--(Marketwire - April 20, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today re-iterated the Company's previously announced 2010 $100 million profitable revenue outlook. Last week, the Company reported its audited financial results for 2009 with $45 million in revenue and $2.1 million in net income. Both the revenue and net income were bests for China Crescent. China Crescent has previously announced an $80 million profitable revenue forecast for 2010 with a management goal to reach $100 million. In conjunction with the 2009 reported results and the 2010 outlook, management anticipates 2010 first quarter revenue to exceed 2009 first quarter revenue in the upcoming quarterly report due out next month.

CFO 2010 Financial Review Webcast

China Crescent released an on-demand Webcast conducted by Chief Financial Officer Philip J. Rauch to the corporate website last week. The Webcast reviews highlights from the Company's recently filed 2009 annual report and further information on the Company's two new lines of business, outsourcing services and original design manufacturing (ODM) . To find links to the China Crescent 2009 financial report and the Webcast, visit the 'Quick Links' section of the corporate website www.chinacrescent.com.

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 (www.chinacrescent.com). Recipients can manage their own email contact profile and safely unsubscribe at any time.

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 strategic acquisition last year, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported over $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008. and 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.

Contact Information