SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

November 22, 2010 09:00 ET

(CCTR) China Crescent Announces 67% Increase in Revenue to $51 Million With $3.3 Million in Net Income Through 3rd Qtr. 2010

DALLAS, TX--(Marketwire - November 22, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a 67% increase in revenue, reporting $50.9 million through the first three quarters of 2010 compared to $30.3 million for the same period last year. The Company reported $3.3 million in net income compared to $1.9 million for the same period last year.

China Crescent has scheduled a Q3 2010 Webcast presentation for tomorrow, November 23, 2010 to review the Company's operational results for the third quarter of 2010, which ended September 30th. A link to the Q3 2010 Webcast presentation will be posted to the Company's corporate website upon release.

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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 and 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.

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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