October 07, 2009 14:51 ET

China Crescent Enterprises, Inc. Announces Webcast to Review Management Summit in Shanghai on Outsourcing Service Expansion to Further Increase $30 Million Already Under Contract Year-to-Date

DALLAS, TX--(Marketwire - October 7, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced an on-demand Webcast scheduled to be released Thursday, October 15th. The Webcast will report on China Crescent's senior management outsourcing summit in Shanghai, scheduled for next week, focused on larger, long-term outsourcing contracts. The Webcast is meant to provide an update on year-to-date progress and an overview of what to expect in the fourth quarter, including pending contracts. The Webcast is scheduled to be available on the Company's website www.chinacrescent.com upon release.

Strong Second Half of 2009 Expected

China Crescent recently announced an anticipated revenue and operational income increase in the second half of 2009 compared to the first half of 2009 expected from the Company's historical seasonal trend and as a result of significant sales year-to-date. In the past two years, the Company's revenue per quarter has consistently grown throughout the calendar year, with the highest revenues coming in the fourth quarter.

The Company reported $17 million in revenue and an over 200% net income increase to $1.1 million through the first six months of 2009. Earlier this year, the Company signed its first major outsourcing contract worth $30 million and has recently announced signing a letter of intent agreement for an anticipated $15 million outsourcing contract expected to be closed in the fourth quarter. The Company has forecasted $50 million in revenue for 2009.

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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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