SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

December 29, 2009 09:40 ET

China Crescent Enterprises, Inc. 2010 $100 Million Objective Featured in Webcast Tomorrow

DALLAS, TX--(Marketwire - December 29, 2009) - China Crescent Enterprises, Inc.'s (OTCBB: CCTR) 2010 strategy and $100 million revenue objective is scheduled to be featured in a Greenfield 2010 Preview Webcast tomorrow, December 30, 2009, hosted by NewMarket Technology, Inc. China Crescent is expected to play a key role in NewMarket's plan to build a $1 billion emerging market systems integration operation. Greenfield Program participant companies, like China Crescent, have been chosen to participate in the partnership program based on their technology and service offerings in conjunction with the emerging geographic markets in which they operate.

Additionally, China Crescent yesterday released a personal letter to shareholders from board member and founder Philip Verges discussing the Company's experiences in 2009 and the leading subjects under consideration in planning for 2010. The letter is available for review on the corporate website under Recent News & Communications at www.chinacrescent.com.

China Crescent Virtual Town Hall January 22, 2010

China Crescent plans to release a 2009 Virtual Town Hall on January 22, 2010, and the agenda includes a review of the Company's outsourcing service offering and recent acquisition. The Virtual Town Hall agenda also includes a review of 2009, a preview of the Company's plans for the year ahead and an outline of plans to evolve the Company's growth strategy while adopting lessons learned.

The Virtual Town Hall is scheduled to be made available online to interested viewers on their own schedule and from their own location.

China Crescent is a systems integration service provider in China that markets technology outsourcing services that include the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. China Crescent reported over $40 million in annual revenue in both 2007 and 2008, and recently reported $30 million in revenue through the first nine months of the year ending September 30, 2009, with record net income of $1.8 million compared to $517k in net income for the same period in 2008.

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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 Enterprises, Inc. reported over $40 million in profitable revenue in 2008. The Company is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.

Headquartered in Dallas with operations in Shanghai and Beijing, China Crescent bridges the gap between Western and Eastern business cultures to assist Western clients in realizing the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists Western 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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