SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

December 09, 2009 09:16 ET

China Crescent Enterprises, Inc. to Review Pending $36 Million Three-Year Service Contract in Dalian and Anticipated Record Annual Revenue in Exclusive Webcast Friday

DALLAS, TX--(Marketwire - December 9, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled an exclusive Webcast for Friday, December 11, 2009. The Webcast is slated to include an update on the pending service contract with Aoyuan Electronic Co. Ltd in Dalian, China, for $36 million over three years. The Webcast agenda also includes a review of the previously announced pending acquisition of a China Radio Technology Ltd subsidiary located in Shenzhen, China and a review of anticipated 4th quarter sales. The China Radio subsidiary is anticipated to produce $20 million in annual revenue in 2010.

China Crescent previously 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.

A link to the Webcast is slated to be posted to the corporate website www.chinacrescent.com upon release.

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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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