SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

October 22, 2009 09:00 ET

China Crescent Enterprises, Inc. Anticipates 3rd Qtr Revenue to Exceed 2nd Qtr With Record Operating Income and Possible Increase to 2009 $50 Million Forecast

DALLAS, TX--(Marketwire - October 22, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the upcoming 3rd quarter financial statement is anticipated to include revenue that exceeds the revenue reported in the previous quarter. The 3rd quarter report is also anticipated to show a record operating income. In addition to exceeding 2nd quarter revenues, the 3rd quarter report is also expected to show revenue that exceeds the revenue reported for the same period last year. Management anticipates the better than expected 2009 sales pipeline may result in record operating income and profit in 2009, and management may increase to the Company's $50 million 2009 revenue forecast following the completion of the 3rd quarter report.

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. The Company reported $17 million in revenue and record net income with an over 200% increase to $1.1 million for the first six months of 2009. The Company's sales are historically seasonal with its largest sales and profits usually occurring in the 4th quarter. The Company has forecasted $50 million in profitable revenue for 2009 and has recently announced a 2010 objective of reaching a profitable annualized revenue run rate of $100 million.

Better than Expected 2009 Sales Pipeline

China Crescent has been marketing a new outsourcing service since the beginning of this year and has already signed $30 million in total revenue value over three years with Beijing Chuangzhitongda Technology Development through the outsourcing services offering. The Company recently announced a letter of intent to provide outsourcing services to Aoyuan Electronic Co. ltd in Dalian, China, for $36 million over three years. The finalization of the contract with Aoyuan would bring the total long-term revenue value of China Crescent's outsourcing contracts signed in 2009 to approximately $66 million.

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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.

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