SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

April 29, 2010 09:15 ET

China Crescent (CCTR) 'Speculative Buy' to $0.05 vs. Current $0.02 PPS and Upcoming 1st Quarter Report Anticipated to Trigger Potential Short Squeeze

DALLAS, TX--(Marketwire - April 29, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the Company expects to file its financial results for the first quarter of 2010 in the coming weeks, in compliance with the regulatory reporting schedule. Management anticipates the report to reflect positively upon the Company's efforts to achieve a $100 million annual revenue goal in 2010. China Crescent recently reported $45 million in revenue and $2.1 million in net income for 2009. Additionally, China Crescent is currently listed on the Regulation SHO Threshold Security List. Regulation SHO targets abusive naked short selling by reducing failure to deliver securities and by limiting the time in which a broker can permit failures to deliver. Management anticipates the combination of China Crescent's 2009 results, upcoming first quarter 2010 results and Regulation SHO listing to potentially trigger a short squeeze. For more information on the Regulation SHO Threshold List, please visit http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold.

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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 strategic acquisition last year, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported $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.

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