China Crescent Enterprises, Inc. Acquires China Radio Technology Ltd. Subsidiary With $20 Million in Anticipated Annual Revenue

DALLAS, TX--(Marketwire - December 10, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced executing an agreement to acquire a China Radio Technology Ltd. subsidiary located in Shenzhen, China. The China Radio subsidiary is anticipated to produce $20 million in annual revenue in 2010. China Radio Technology Ltd., a Hong Kong-registered company, is a mobile communication hardware and software company that develops and manufactures products for sale in China. Shenzhen is located north of Hong Kong in the Guangdong province and is considered one of the fastest growing cities in the world.

More details on the acquisition are scheduled to be presented in an exclusive Webcast tomorrow. A link to the Webcast is slated to be posted to the corporate website www.chinacrescent.com upon release.

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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.

Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060