SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

December 11, 2009 09:00 ET

China Crescent Enterprises, Inc. Reviews Milestone Acquisition With Anticipated $20 Million in Annual Revenue in Exclusive Webcast Today

DALLAS, TX--(Marketwire - December 11, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today released an exclusive Webcast reviewing the milestone acquisition announced yesterday of a China Radio Technology Ltd. subsidiary located in Shenzhen that is anticipated to produce $20 million in annual revenue in 2010. China Crescent reported over $40 million in annual revenue in both 2007 and 2008, and the acquisition could significantly add to overall revenue in 2010. For the first nine months of the year ending September 30, 2009, China Crescent reported $30 million in revenue with record net income of $1.8 million compared to $517k in net income for the same period in 2008.

China Crescent is a systems integration service provider in China that markets technology outsourcing services that include the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell, and China Radio Technology Ltd., a Hong Kong-registered company, is a mobile communication hardware and software company that develops and manufactures products for sale in China.

Pending Service Contract with Potential to Deliver $10 Million in 2010 Revenue

The Webcast released today also includes a review of the recently announced pending service contract with Aoyuan Electronic Co. Ltd in Dalian, China, for $36 million over three years, with potentially as much as $10 million in revenue that may be recognized in 2010.

The Webcast agenda further includes a review of anticipated 4th quarter sales and the potential boost to 4th quarter sales the recent acquisition may have. The Company anticipates sales in the 4th quarter of 2009 to exceed sales in each of the previous three quarters of 2009.

A link to the Webcast is available on the corporate website under Recent Webcasts titled 'China Crescent Shareholder Update - CRT Acquisition Webcast.'

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About China Crescent Enterprises, Inc. (

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.


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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