SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

November 30, 2009 09:00 ET

China Crescent Enterprises, Inc. Announces Exclusive Webcast to Update Suggested Fair Value Target Price Per Share Highlighting Near-Term Return Potential

Tuesday, December 1 Webcast Agenda Includes Recap of $30 Million in Revenue and Record $1.8 Million in Net Income for the Nine Months Ending September 30, 2009

DALLAS, TX--(Marketwire - November 30, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled a shareholder update Webcast for Tuesday, December 1, 2009. The Webcast will feature an update of the suggested fair value target price per share highlighting the near-term return on investment (ROI) potential. Management believes the Company is undervalued with a current share price that reflects a market capitalization less than the current book value.

The Webcast agenda includes a review of the recently released letter to shareholders on the enhanced milestone ROI potential and improved long-term viability of China Crescent. The agenda further includes a recap of the Company's recently filed third quarter 2009 financial results. The Company reported $30 million in revenue through the first nine months of the year, ending September 30, 2009, and record net income of $1.8 million compared to $517k in net income for the same period in 2008. The Company has forecasted profitable revenue growth in 2009 compared to 2008. The Company reported over $40 million in profitable revenue in 2008. A link to the Webcast is scheduled to be posted to the corporate website homepage upon release.

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About China Crescent Enterprises, Inc. (

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.


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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