SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

July 13, 2010 10:49 ET

(CCTR) China Crescent Posts Milestone Catalysts and Potential ROI Webcast

DALLAS, TX--(Marketwire - July 13, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) today 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.

China Crescent is a systems integration service provider of brand name technologies operating primarily in China that reported $45 million in profitable annual revenue in 2009. China Crescent recently reported a more than 100% increase in first quarter revenue to nearly $15 million compared to the same period in 2009. Notably, net income increased more than 480% to approximately $657,000 versus the same period in 2009. The Company's recent expansion into additional lines of business in China, including outsourcing services and original design manufacturing (ODM), has contributed to the growth. The research update provides a review of Company progress since PER initiated research coverage on the Company, to include review of acquisitions and geographic expansion plans.

A link to the Webcast is now available on the corporate website under Recent Webcasts.

PER Research Report update with Reiterated 'Speculative Buy' Rating and Target PPS of $0.0516

To review a copy of the PER initial research report or the recently issued update, please visit the China Crescent corporate website at under Investor Relations or the Prime Equity Research website at

The independent analyst with Prime Equity Research is a CFA® (Chartered Financial Analyst®) charterholder. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott. China Crescent engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research.

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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 ( Recipients can manage their own email contact profile and safely unsubscribe at any time.

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, 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.

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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