SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

December 07, 2009 09:45 ET

China Crescent Enterprises, Inc. Expects Active December With Two Major Contracts Anticipated That Could Deliver $30 Million in Revenue in 2010

Webcast Scheduled Friday, December 11 to Review Pending Acquisition Located in Shenzhen, China

DALLAS, TX--(Marketwire - December 7, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) 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. This is the first of two major potential transactions previously announced and anticipated to close within the month of December.

Short-Term and Long-Term ROI Webcast Available Online

The Company has previously released an exclusive Webcast featuring an update on potential near-term and long-term return on investment. The combined revenue potential in 2010 from the two pending agreements reviewed in the Webcast is approximately $30 million. A link to the previously released Webcast is available on the corporate website homepage www.chinacrescent.com under Recent Webcasts titled 'China Crescent Shareholder Update Featuring Short-Term & Long-Term ROI Webcast.'

Potential to Deliver $20 Million in 2010 Revenue

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. The China Radio subsidiary is anticipated to produce $20 million in annual revenue. Shenzhen is located north of Hong Kong in the Guangdong province and is considered one of the fastest growing cities in the world.

Potential to Deliver $10 Million in 2010 Revenue

China Crescent has 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. The Company 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.

$40 Million Annual Revenue History

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. The Company 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 compared to $517k in net income for the same period in 2008. The Company's sales are historically seasonal with its largest sales and profits usually occurring in the 4th quarter.

Sign Up to Receive Regular China Crescent Investor Updates

China Crescent sends regular email updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage (www.chinacrescent.com). Recipients can manage their own email contact profile and safely unsubscribe at any time.

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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