SOURCE: China Crescent Enterprises, Inc.

August 11, 2008 10:34 ET

China Crescent Enterprises, Inc. Gaining Traction and Profits; Expects to Report Higher Than Anticipated Net Income

DALLAS, TX--(Marketwire - August 11, 2008) - China Crescent Enterprises, Inc. (OTCBB: CCSE) today announced that the Company expects to report higher than anticipated net income in 2008. China Crescent is a technology provider headquartered in North America, with the majority of its operations in China. The Company was reorganized late in 2006 and began trading on the Over the Counter Bulletin Board exchange. Since that time, the Company has grown significantly, reporting $29.5 million in 2006 revenue and $40 million in 2007 revenue with $437,824 in net income and $909,771 in comprehensive income. The Company's comprehensive income reflects currency translation gains from its operations in China. As an early stage company, management has concentrated on establishing a base of recurring customers and the infrastructure to support long-term sustainable growth. Management anticipates subsequently expanding profits through its base of customers and an established infrastructure. The Company has forecasted organic growth to $50 million in revenue in 2008. As a result of its ongoing efforts, management expects to report better than anticipated net income in 2008.

CEO Radio Interview

Last week, CEO Paul Danner conducted an interview with CEO Radio Network's John McDermott. Highlights of the interview include:

--  Company's planned growth in 2008 from its 2007 reported revenue of $40
    million
    
--  Recent name and ticker change reflecting the Company's growth and
    maturation
    
--  Company's fulfillment of China's rapidly growing domestic technology
    consumption
    
--  Company's self-sustaining operations and Q1 reported results
    reflecting a 20% revenue increase, 100% working capital increase and 34%
    total assets increase over Q1 2007
    
--  Impact on the Company of China's GPD growth rate of over 10% YTD and
    China's Internet usage increase from January to June 2008 of approximately
    60%
    

To listen to the interview in its entirety, please visit www.ceoradionetwork.com, click on "Company Webcasts" and register. Registration is free.

Corporate E-mail Updates

To be added to China Crescent's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to ir@chinacrescent.com or call 214-722-3065.

About China Crescent Enterprises, Inc. (www.chinacrescent.com)

China Crescent Enterprises, Inc. 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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