SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

May 19, 2010 09:22 ET

(CCTR) China Crescent Enterprises, Inc. Schedules Webcast to Review First Quarter 2010 Financial Results Anticipated to Reflect Substantial Growth

DALLAS, TX--(Marketwire - May 19, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company has scheduled a Webcast presentation for release next Wednesday, May 26th, 2010 to review its first quarter 2010 financial results. The Company anticipates reporting growth compared to the same period last year. China Crescent is a systems integration service provider of brand name technologies and reported $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008. This year, China Crescent embarked on a major next step in the Company's ongoing development to build to a goal of achieving $100 million in profitable annual revenue for fiscal year 2010. As part of that plan, Dr. James Jiang was made the Company's new Chief Executive Officer. The plan was initiated last year when China Crescent introduced its new outsourcing services and original design manufacturing (ODM) business lines. Earlier this week, the Company filed an extension notification for its first quarter 2010 results and expects to file the financial report within the extension period. A link to the first quarter review Webcast will be published to the corporate website www.chinacrescent.com upon release.

Sign Up to Receive Regular China Crescent Investor Updates
China Crescent sends regular 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 (www.chinacrescent.com). Recipients can manage their own email contact profile and safely unsubscribe at any time.

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.

Contact Information