SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

December 08, 2009 11:20 ET

China Crescent Enterprises, Inc. Anticipates 4th Quarter Sales to Be Best Quarterly Sales in 2009 After Reporting Record Net Income Through 3rd Quarter on $30 Million in Revenue

DALLAS, TX--(Marketwire - December 8, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the Company anticipates sales in the 4th quarter of 2009 to exceed sales in each of the previous three quarters of 2009. China Crescent 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's sales are historically seasonal with its largest sales and profits usually occurring in the 4th quarter. Management indicates that 4th quarter sales are anticipated to get an extra boost this year from two previously announced potential transactions expected to close this month.

Year-End Sales Boost Potential

China Crescent has previously announced a letter of intent to acquire a China Radio Technology Ltd subsidiary located in Shenzhen. 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. In addition to potentially boosting December sales for China Crescent, the China Radio subsidiary is anticipated to produce $20 million in annual revenue in 2010. Shenzhen is located north of Hong Kong in the Guangdong province and is considered one of the fastest growing cities in the world.

China Crescent has also recently announced a pending service contract with Aoyuan Electronic Co. Ltd in Dalian, China, for $36 million over three years, with potentially as much as $10 million in revenue that may be recognized in 2010. The pending contract would be the second major outsourcing contract signed by China Crescent this year. In addition to potentially substantially increasing the Company's revenue in 2010, the pending contract is anticipated to further boost December sales in 2009.

Friday Webcast

China Crescent Enterprises, Inc. has scheduled an exclusive Webcast for Friday, December 11, 2009, to review the pending acquisition of a China Radio Technology Ltd subsidiary located in Shenzhen, China. A link to the Webcast is scheduled to be posted to the corporate website upon release.

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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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