SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

September 29, 2009 09:00 ET

China Crescent Enterprises, Inc. Announces Record Contracts and Anticipated 2009 Financial Results to Exceed $50 Million Profitable Revenue Forecast in Webcast With CEO Paul Danner

DALLAS, TX--(Marketwire - September 29, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) has released a Webcast hosted by CEO Paul Danner updating shareholders on progress year-to-date towards the Company's previously forecasted $50 million in profitable revenue for 2009 and plans to possibly increase the forecast following the completion of its upcoming 3rd quarter financial report. Specifically, the Company discussed approximately $45 million in recently announced outsourcing contracts or pending contracts and the $0.30 suggested fair value target price per share.

In addition to providing Company updates, the Webcast frames the Company's technology business in China with recent news in the region and of other technology service providers. In February of this year, the Chinese government launched a subsidy program to fuel PC sales in rural China. Fourteen vendors were selected by the Chinese government as dedicated suppliers as part of its subsidy program, including Lenovo and Dell, for which China Crescent is a value added reseller. According to a recent report by Business Monitor International, Lenovo plans to increase focus on rural markets, "aiming to cover 320,000 villages across the country through 7,800 sales networks in the next three years."

Additionally, last week the Wall Street Journal featured the sales programs implemented in China by Lenovo and Hewlett-Packard, again for which China Crescent is a value added reseller, to expand sales in the Chinese countryside and benefit from the $586 billion Chinese government economic stimulus program.

Technology service providers are also in the news recently and the Webcast includes an overview of the news and what it might mean for China Crescent. Included in the review of industry news will be the recent acquisition announcements of Perot Systems by Dell, and Affiliated Computer Services by Xerox, as well as the acquisition of EDS by Hewlett-Packard announced last year.

A link to today's Webcast, titled 'China Crescent 3rd Quarter Update with CEO Paul Danner Webcast' is now available on the Company's corporate website under Recent Webcasts at www.chinacrescent.com.

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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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