SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

September 28, 2009 09:00 ET

China Crescent Enterprises, Inc. Announces High 4th Quarter Expectations

DALLAS, TX--(Marketwire - September 28, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) CEO Paul Danner released a statement today setting high expectations for the Company's anticipated performance in the 4th quarter of 2009. The Company reported record net income of $1.1 million on $17 million in revenue through the second quarter of 2009 and has previously announced anticipated record results for the 3rd quarter of 2009.

"The Company signed its largest contract ever in the first half of the year and posted record net income results," stated Mr. Paul Danner, CEO of China Crescent Enterprises. "The $30 million contract signed in the first half of the year has gone into service in the second half of the year, and the Company anticipates signing one and possibly two more large outsourcing contracts by year-end. The Company historically realizes its highest revenue in the fourth quarter. With the momentum China Crescent has built in the first three quarters, I anticipate the fourth quarter performance this year, in comparison to the first three quarters, to be even better than in past years."

Mr. Danner will be hosting a management summit in Shanghai in two weeks aimed at closing the Company's next large outsourcing contract anticipated to be a three-year $15 million agreement.

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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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