SOURCE: China Crescent Enterprises, Inc.

August 12, 2008 09:36 ET

China Crescent Enterprises, Inc. Update on Operations, Management, $40 Million 2007 Revenue, $50 Million 2008 Forecast, and Partners IBM, Sony, HP and Hitachi Now Available

DALLAS, TX--(Marketwire - August 12, 2008) - A China Crescent Enterprises, Inc. (OTCBB: CCSE) Fact Sheet is now available detailing the Company's current operations, management, and financial performance, to include growth from $29.5 million in 2006 to $40 million in 2007. The Company has forecasted continued growth to $50 million in 2008. Additionally, the Fact Sheet highlights some of China Crescent's technology partners, which include IBM, Sony, Canon, HP and Hitachi, among others.

China Crescent is a U.S. corporation currently providing Information Technology infrastructure in China to both the private and public sector. The Company recently changed its name to better position itself in the Chinese market, and a Fact Sheet on the Company's updates and operations is now available.

If you are interested in receiving a copy of the Fact Sheet, please email or call China Crescent Investor Relations at ir@chinacrescent.com or 214-722-3065, with your full name, telephone number, e-mail address, city, state and country.

CEO Radio Interview

Last week, the Company's new 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)

The CEO Radio Network is a premier, interactive research tool which provides our listeners the opportunity to hear the latest corporate and business news first hand, directly from the source -- the decision makers of publicly-traded companies. The goal of the CEO Radio Network is to level the playing field for both the small-cap issuer and the small-cap investor at the same time. Our online services allow the small and micro-cap issuers access to high quality distribution, while investors are provided with an additional communication directly from the source. The CEO Radio Network provides links to supplementary corporate resources, including SEC filings. Our ASK THE CEO section allows registered users to submit questions which will be directed toward the management of our Featured Companies.

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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