SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

April 16, 2010 09:00 ET

China Crescent (CCTR) Reports Record Net Income on 9% Revenue Growth to $45 Million

DALLAS, TX--(Marketwire - April 16, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) filed its 2009 annual report yesterday. The Company reported nine percent revenue growth to $45 million with net income of $2.1 million. The net income is the highest ever achieved by the Company. Last year, China Crescent introduced two new service lines. The Company began selling outsourcing services as part of a plan to increase the percentage of revenue coming from recurring contracts, and in the fourth quarter of last year, the Company diversified into original design manufacturing (ODM) through acquisition. The Company plans to post an on-demand Webcast to the corporate website later today conducted by Philip J. Rauch, Chief Financial Officer, to review more highlights from the financial report. The Webcast is also expected to include further information on the Company's two new lines of business. To find links to the China Crescent 2009 financial report or the Webcast scheduled for release later today, visit the 'Quick Links' section of the corporate website www.chinacrescent.com.

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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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