SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

July 15, 2010 09:00 ET

(CCTR) China Crescent Enterprises, Inc. Updates 2010 $100 Million Revenue Objective

DALLAS, TX--(Marketwire - July 15, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) announced today that management believes performance to date is consistent with the Company's objective to achieve a growth objective of reaching $100 million in profitable revenue in 2010. The Company reported nearly $15 million in revenue in the first quarter of 2010 and the Company has historically reported a steady increase in seasonal revenue in years past. In addition to the organic increases in revenue resulting from new services introduced in 2009, the Company also anticipates realizing increased growth from recent and pending acquisitions. China Crescent recently completed its second fiscal quarter for 2010 and management anticipates the upcoming publication of the financial results to further demonstrate the Company's potential to reach its 2010 $100 million profitable revenue objective.

Milestone Catalysts and Potential ROI Webcast

Earlier this week, China Crescent released a Webcast presenting anticipated milestone catalysts that could potentially create both a share price increase and meaningful return on investment (ROI) for shareholders. The Webcast also reviews the Prime Equity Research (PER) recently issued research update on the Company with a reiterated 'Speculative Buy' rating and target PPS of $0.0516 for China Crescent.

A link to the Webcast is now available on the corporate website www.chinacrescent.com. To review a copy of the PER initial research report or the recently issued update, please visit the China Crescent corporate website at www.chinacrescent.com under Investor Relations or the Prime Equity Research website at www.primeequityresearch.com.

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