SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

January 13, 2010 13:32 ET

China Crescent Enterprises, Inc. Announces Former Dallas Federal Reserve Chairman Ret. Major General Hugh Robinson to Join Board of Directors

DALLAS, TX--(Marketwire - January 13, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that Former Dallas Federal Reserve Chairman, Retired Major General Hugh Robinson, plans to join the China Crescent Board of Directors effective February 1st, 2010. This announcement is a preview of a planned and previously announced comprehensive management restructuring and reconstitution of the board of directors . Further details regarding these changes will be released in the Company's upcoming Virtual Town Hall scheduled for January 22nd, 2010.

$36 Million Services Contract

China Crescent recently announced a three-year contract valued at $36 million to provide information and telecommunication technology services to Aoyuan Electronic Co. Ltd located in Dalian, China. The contract could contribute upwards of $10 million to China Crescent's revenue in 2010. 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. The Company has set a 2010 revenue goal of $100 million.

China Crescent Virtual Town Hall January 22, 2010

China Crescent plans to release a 2009 Virtual Town Hall on January 22, 2010. The Virtual Town Hall agenda 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.

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About China Crescent Enterprises, Inc. (

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.


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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