SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

October 14, 2009 09:00 ET

China Crescent Enterprises, Inc. Announces $100 Million 2010 Objective

DALLAS, TX--(Marketwire - October 14, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the Company has set a 2010 objective of reaching a profitable annualized revenue run rate of $100 million. The objective was set by management and the board of directors based on the Company's successful introduction of outsourcing services early this year. The Company has already signed $30 million in total revenue value through the outsourcing services offering and expects to sign over $60 million in total revenue value by year end.

The Company is conducting a management outsourcing summit this week in China. A review of the summit will be presented in an on-demand Webcast scheduled for release on the corporate website tomorrow, October 15th. The Webcast agenda includes a review of the Company's outsourcing opportunities and a review of the Company's previously announced $0.30 suggested fair value target price per share.

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About China Crescent Enterprises, Inc. (www.chinacrescent.com)

China Crescent Enterprises, Inc. reported over $40 million in profitable revenue in 2008. The Company is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.

Headquartered in Dallas with operations in Shanghai and Beijing, China Crescent bridges the gap between Western and Eastern business cultures to assist Western clients in realizing the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists Western 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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