SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

February 01, 2010 09:30 ET

China Crescent Enterprises, Inc. to Review Report on Company From Jim Cramer's TheStreet.com in Conjunction With Presentation on 2010 100% Forecasted Growth

DALLAS, TX--(Marketwire - February 1, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced forecasted revenue growth of approximately 100% in 2010 over 2009. The Company has scheduled an on-demand Webcast for this Thursday, February 4th to present a strategic update for 2010, including a sales pipeline that supports a $100 million profitable revenue objective. The Webcast agenda includes an introduction of the new CEO, who has been promoted from within the China Crescent ranks. The Webcast will be introduced by Former Dallas Federal Reserve Chairman, Retired Major General Hugh Robinson, the latest addition to the China Crescent Board of Directors effective today. The Webcast presentation will further include a review of the report on the Company from Jim Cramer's TheStreet.com in response to recent shareholder questions regarding the report.

2010 Virtual Town Hall Available Online

Separately, China Crescent released the Company's 2010 Virtual Town Hall January 22, 2010 which is now available on the corporate website www.chinacrescent.com. In the Town Hall videocast presentation, China Crescent CEO Paul K. Danner provides a review of the Company's 2009 performance and successful launch of its Outsourcing Services including two substantial, long-term contracts. Additionally, the presentation provides an overview of recently announced plans to expand into new business lines, the acquisition of a China Radio Technology Ltd subsidiary and the strategy to reach $100 million in 2010 revenue.

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

China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. Following a recent strategic acquisition, the Company has expanded its business line to include original design manufacturing (ODM). China Crescent reported over $40 million in profitable revenue in 2008. The Company has reported record profits through the first 9 months of 2009 and anticipates reporting record profit in the 2009 annual report. Management has set a goal of reaching $100 million in revenue in 2010.

Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists 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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