SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

January 05, 2010 09:06 ET

China Crescent Enterprises, Inc. Announces Management Restructuring and Reconstitution of Board

DALLAS, TX--(Marketwire - January 5, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that a substantial management restructuring and reconstitution of the board of directors is in the works. The details are planned to be released at the upcoming Virtual Town Hall scheduled for January 22nd, 2010.

"China Crescent and the NewMarket Technology family of companies have grown substantially from their entrepreneurial foundation," said Philip Verges, founder and board member of China Crescent and CEO and Chairman of NewMarket Technology, Inc. "The NewMarket family of companies will be undergoing a management and director change as a substantial part of a next step in growth and maturity beyond our entrepreneurial foundation. We anticipate the management changes to have a positive impact on the overall potential for continued growth."

The management and director changes are expected to take place in phases beginning February 1, 2010 and continuing through April 1, 2010.

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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