SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

September 22, 2009 09:32 ET

China Crescent Enterprises, Inc. Announces $15 Million Outsourcing Agreement

DALLAS, TX--(Marketwire - September 22, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) has announced signing a letter of intent (LOI) agreement for an anticipated $15 million outsourcing contract. The contract is scheduled to be finalized within the 4th quarter of 2009. This would be the Company's second large outsourcing contract in China this year. China Crescent recently announced a $30 million contract signed with Beijing Chuangzhitongda Technology Development. China Crescent has been marketing a new outsourcing service since the beginning of this year to increase the Company's percentage of sales from recurring revenue and improve the gross margins

The Company has scheduled a senior management outsourcing summit October 12th in Shanghai intended primarily to focus on finalizing the anticipated $15 million contract. The non-binding letter of intent was previously announced last week. Today the Company has announced the anticipated three-year contract would generate approximately $15 million in revenue for China Crescent.

China Crescent reported over $40 million in annual revenue for 2008. The Company reported $17 million in revenue and an over 200% net income increase to $1.1 million for the first six months of 2009. The Company's sales are historically seasonal with its largest sales and profits usually occurring in the 4th quarter. The Company has forecasted $50 million in profitable revenue for 2009.

Lunch Presentation in Dallas This Thursday at 12 pm CDT

China Crescent is scheduled to conduct a complimentary lunchtime presentation on its business and corporate growth strategies in Dallas, Texas this Thursday, September 24th. The main purpose of the presentation will be to detail China Crescent's plans for East Africa and the Company's recently announced upcoming Trade Mission to Kenya. However, the presentation will also include a general overview of China Crescent, with a preview of the anticipated record 3rd quarter financial results and discussion of a potential increase to the 2009 forecast.

The presentation is scheduled for 12 pm CDT in North Dallas and lunch will be served. Any interested clients, vendors, or shareholders are invited to attend. A reservation is required to attend the presentation and those interested in attending the presentation should call 214-722-3060 or email info@chinacrescent.com with name and contact information to reserve a space by Wednesday 5pm CDT.

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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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