SOURCE: China Crescent Enterprises, Inc.

August 07, 2008 11:28 ET

China Crescent Enterprises, Inc. On Track to Meet $50 Million 2008 Forecast and Anticipates Continued Revenue and Margin Growth Reflecting Morgan Stanley $21.7 Trillion Emerging Market Forecast

DALLAS, TX--(Marketwire - August 7, 2008) - China Crescent Enterprises, Inc. (OTCBB: CCSE) today announced anticipated continued revenue and margin growth beyond 2008, reflecting Morgan Stanley's robust Emerging Market Infrastructure Report. The Company has forecasted profitable growth to $50 million in 2008 after reporting $40 million in 2007. Today, the Company is a U.S. corporation currently providing Information Technology infrastructure in China to both the private and public sector. The Company is also developing a line of proprietary next generation emerging technologies to differentiate itself from other Information Technology infrastructure providers.

Morgan Stanley Emerging Market Infrastructure Report

The recent Morgan Stanley report forecasts $21.7 Trillion in infrastructure spending over the next 10 years in emerging markets with Asia representing 67% of this total. The report discusses the "boom in infrastructure" in emerging markets stating, "In power and water, property, ports and airports and beyond, emerging markets governments and private sector players are deploying unprecedented amounts of capital to upgrade the emerging world." The Morgan Stanley Report is available in its entirety at: http://www.morganstanley.com/views/perspectives/files/infrastructure_paper4.pdf.

CEO Radio Interview

This 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 CEO Radio Network (www.ceoradionetwork.com)

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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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