SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

March 10, 2010 09:24 ET

China Crescent (CCTR), NuMobile (NUBL) and Nova (NVAE), Explore Huawei Telecom Alliance in Africa as Part of Partnership With $200 Million in Combined Potential Revenue

DALLAS, TX--(Marketwire - March 10, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR), NuMobile, Inc. (OTCBB: NUBL) and Nova Energy, Inc. (OTCBB: NVAE) today announced plans to develop a partnership to market Huawei telecom solutions in Africa. The three Companies are participating in a sales conference this week in Shanghai. The conference has been organized to provide China Crescent technology partners with the latest information on sales programs and opportunities in China. Nova recently announced an updated and expanded strategy in East Africa and at the conference, the three Companies initiated combined plans to market telecom solutions in East Africa utilizing Huawei telecom products.

Huawei was founded in 1988 and has since become one of the world's largest manufacturers of network equipment. Huawei has more than 100 offices around the world and is known for marketing high quality, low-cost telecom equipment and gaining traction in developing economic regions.

In his opening comments at the Shanghai conference, China Crescent CEO Dr. James Jiang announced the Company's 2010 goal to generate $200 million in revenue through partnership programs. China Crescent has previously announced a $100 million independent revenue objective for 2010. Dr. Jiang explained the $200 million represented an additional $100 million revenue goal, with the additional $100 million revenue not necessarily to be recognized directly by China Crescent but otherwise to be recognized in a combination of opportunities won by individual partner participants.

About Nova Energy, Inc. www.novaei.com

Nova Energy, Inc. has launched an updated corporate strategy to pursue several business lines in the growing economy of East Africa, initially in Kenya. Nova has already begun several initiatives in the region to include initiatives in the Technology, Utility, Housing and Health products industries. Nova Energy has also launched a communications and awareness campaign. The Company is quoted on the OTCBB and files its periodic reports. The Company is also dually quoted on the Pinksheets under NVAE.

About NuMobile, Inc. (www.numobileinc.com)

NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.

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 recent strategic acquisition, the Company has expanded its business line to include original design manufacturing (ODM). China Crescent reported over $40 million in profitable revenue in 2008. The Company has reported record profits through the first 9 months of 2009 and anticipates reporting record profit in the 2009 annual report. Management 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