SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

May 18, 2010 09:00 ET

China Crescent Enterprises Anticipates Reporting 1st Quarter Growth

DALLAS, TX--(Marketwire - May 18, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company anticipates reporting first quarter 2010 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. The Company filed an extension notification for its first quarter 2010 results and expects to file the financial report within the extension period.

China Crescent $100 Million Revenue Expansion and Diversification Plan Featured in Founder Webcast

China Crescent recently released an on-demand Webcast presentation on the Company's expansion and diversification plan to reach $100 million in revenue. The Webcast reviews the Company's plans for expansion of its sales outside of China into East Africa and India and for diversification of its business offerings to include original design manufacturing (ODM) and integrated circuit (microchip) manufacturing. Earlier 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 business line which contributed to the Company achieving a record $45 million in annual revenue for 2009 with over $2 million in net income. The Webcast is available for on-demand viewing on China Crescent's corporate website www.chinacrescent.com or directly at http://www.chinacrescent.com/wcrv_20100507.htm.

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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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