SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

February 10, 2010 14:40 ET

Japanese Customer Hires China Crescent Enterprises, Inc. to Design and Manufacture an Anticipated 10,000 Special Purpose Wi-Fi Devices in Deal Valued at $160 Million

China Crescent and NuMobile, Inc. Schedule Webcast to Present Special Purpose Wi-Fi Opportunity Next Tuesday, February 16th

DALLAS, TX--(Marketwire - February 10, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced receiving a $1.6 million original design manufacturing (ODM) purchase order from a confidential Japanese customer for 100 sets of a special purpose Wi-Fi communication device. Based on a formal letter of intent signed by all parties, the Japanese customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million dollars over the next three years, subject to the performance of the first 100 sets.

NuMobile, Inc.

NuMobile, Inc. (OTCBB: NUBL) will be engaged by China Crescent to provide a key proprietary software component in the overall Wi-Fi solution. China Crescent is NuMobile's strategic partner in China and the two companies have formed a partnership to sell, service and market NuMobile's products in China, including its smartphone and mobile computing solutions.

China Crescent and NuMobile have scheduled to release an on-demand Webcast to discuss further details on the special purpose Wi-Fi opportunity next Tuesday, February 16th. The on-demand Webcast will be posted to the China Crescent website and an email with a link to the Webcast will be published and sent to the China Crescent e-mail database upon release of the Webcast Tuesday.

2010 $100 Million Revenue Goal

China Crescent has announced a 2010 $85 million profitable revenue forecast. Management has also announced reaching beyond the 2010 forecast in an effort to achieve an even higher profitable revenue goal of $100 Million. In conjunction with the announcement today management indicates the $100 million profitable revenue goal is well within reach.

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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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