SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

January 13, 2011 10:27 ET

(CCTR) China Crescent Announces 3rd Shipment to Latin American Telecommunications Customer and a NewMarket Greenfield Success Story

DALLAS, TX--(Marketwire - January 13, 2011) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a third shipment of telecommunications equipment destined for South America as part of a NewMarket Technology, Inc. (PINKSHEETS: NWMTD) (OTCQB: NWMTD) Greenfield Partnership Program success story.

NewMarket Greenfield Partners in South America and China coordinated resources following a Shanghai conference last year to sign a telecommunications contract anticipated to generate approximately $1.2 million in revenue over a 12 month contract period. Under the terms of the contract, China Crescent will deliver telecommunications equipment to NewMarket's Greenfield Partner in South America, who will in turn integrate the equipment and provide support to a major Latin American customer.

NewMarket introduced the Greenfield Partnership Program more than a year ago to support entrepreneurial, high growth companies in achieving their operational and business objectives. The program has expanded to include eight public and private companies so far and anticipates an even more rapid expansion of member companies in 2011. The Greenfield Partnership Program has been instrumental in assisting member companies with fundraising and market penetration.

$160 Million LOI and More Greenfield News

China Crescent has been working diligently with the NewMarket Greenfield Partnership Program to expand its business by offering high quality, affordable technology solutions from China into the growing economies of East Africa, Latin America and other Asian countries. For example, since working with the Greenfield Program, China Crescent has announced the sale of its proprietary GPS tracking devices to a confidential ICT systems integration firm headquartered in Nairobi, Kenya in addition to the telecom contract in South America. Notably, China Crescent has also announced a $1.6 million purchase order for custom Wi-Fi equipment received from a Japanese client as part of an overall $160 million letter of intent commitment over the next three years that is subject to the performance of the initial order.

Record 2010 Financial Performance

China Crescent recently reported $50.9 million in revenue through the first nine months of 2010, compared to $30.3 million for the same period in 2009, a 67% increase. Additionally, the Company's net income for the first nine months of 2010 was $3.3 million, up from $1.9 million for the same period in 2009. China Crescent's revenue and net income through the first three quarters of 2010 has exceeded the Company's 2009 annual revenue and net income results. China Crescent achieved $45.6 million in 2009 annual revenue with $2.2 million in net income.

2011 Systems Integration Continued Growth and PPS Appreciation Plan

Last week, China Crescent released a Webcast featuring its 2011 strategy to concentrate resources on the continued rapid expansion of its systems integration business and implement a plan to enable long-term price per share appreciation in conjunction with fundamental financial performance.

The Webcast is available on the China Crescent website at or directly at

Euronext New York Stock Exchange and Dividend Strategy

NewMarket CEO Bruce Noller recently conducted a Webcast highlighting China Crescent's plans to move to a national exchange and dividend strategy, stating:

"We plan to move China Crescent's and NewMarket's other systems integration operations onto the Euronext New York Stock Exchange platform and at the same time, execute a spinoff distribution of China Crescent's non-systems integration operations."

The NewMarket CEO Webcast is available for on-demand review at or directly at

Letter to Shareholders

China Crescent also recently released a letter to shareholders: The letter reviews China Crescent's operational successes in 2010 and highlights potential operational successes anticipated in 2011. The letter also reviews the Small Equity Initiative and its participation in the recent Economist Magazine's World in 2011 Festival that included President Clinton and the Clinton Foundation and in the United Nations International Strategy for Disaster Reduction (UNISDR).

2011 Greenfield Partnership Program Videocast

China Crescent is slated to be featured in a 2011 Greenfield Partnership Program videocast that was scheduled for release this Friday, January 14th. Due to scheduling conflicts, the videocast will be released next week and a link will be posted to China Crescent corporate website Investor Relations page at upon release and a link will be emailed to the corporate opt-in email database. Recent Webcasts and other communications are also available for review on the China Crescent Investor Relations webpage.

Sign Up to Receive Regular China Crescent Investor Updates

China Crescent sends email updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage ( Recipients can manage their own email contact profile and unsubscribe at any time.

About NewMarket Greenfield Partnership Program
NewMarket launched the Greenfield Program last year to facilitate the start-up and early stage development of high-growth potential businesses. The Greenfield Program concentrates on early stage, rapid growth opportunities in the world's emerging markets, with program participants in China, Southeast Asia, South and Central America and East Africa, in addition to a handful of program participants in North America.

Follow the Greenfield Partnership Program on Facebook at: and on Twitter at

About China Crescent Enterprises, Inc. (
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, Cisco, IBM, HP and Dell. Following a strategic acquisition last year, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008. Headquartered in Dallas with operations in China, 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.

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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