SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

November 20, 2009 15:30 ET

China Crescent Enterprises, Inc. Releases 3rd Quarter Financial Report First Look Webcast to Review Record Net Income, Earnings per Share, and Suggested Fair Value Target Price per Share

DALLAS, TX--(Marketwire - November 20, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) has released a first look, on-demand Webcast to review the recently filed third quarter 2009 financial results on SEC Form 10-Q.

The Company reported $30 million in revenue through the nine months ending September 30, 2009 and a record net income of $1.8 million compared to $517k in net income for the same period in 2008. The Company has forecasted profitable revenue growth in 2009 compared to 2008. The Company reported over $40 million in profitable revenue in 2008.

Today's Webcast is an initial review of the 3rd quarter results to include a review of record net income, earnings per share, and the suggested fair value target price per share, with further review scheduled to be released on Monday. A link to the on-demand Webcast is now available on the corporate website homepage www.chinacrescent.com titled 'China Crescent 3rd Quarter First Look Webcast'.

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.

Contact Information