SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

May 20, 2010 09:00 ET

(CCTR) China Crescent Anticipates Potential Short Squeeze in Conjunction With First Quarter Financial Report and Recent Analyst "Speculative Buy" Rating

DALLAS, TX--(Marketwire - May 20, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) remains listed on the Regulation SHO "threshold security" list (link: http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold). SEC Regulation SHO targets abusive naked short selling by reducing failure to deliver securities and by limiting the time in which a broker can permit failures to deliver. Management anticipates possible buy-in pressure, in conjunction with the Company's upcoming first quarter 2010 results and recent analyst report 'speculative buy' rating which could result in an increased price per share (PPS).

Prime Equity Research recently released an analyst report on the Company with a 'Speculative Buy' Rating and $0.054 price per share (PPS) target. The independent analyst report provides a description of the China Crescent investment opportunity and a summary of the Company's growth strategy and associated risk factors. Additionally, the report provides analysis of China Crescent's business expansion to provide services beyond systems integration, including outsourcing services and original design manufacturing (ODM). The report further provides detailed analysis of growth and corporate branding potential based on the Company's recently announced $160 million original ODM project opportunity.

To review a copy of the analyst report, please visit the China Crescent corporate website at www.chinacrescent.com or view the report directly at http://www.chinacrescent.com/CCTR_initiation_report_2010_03_31.pdf. The report is also available on the Prime Equity Research website at www.primeequityresearch.com.

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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 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.

"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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