SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

October 02, 2009 09:20 ET

China Crescent Enterprises, Inc. Anticipates $32 Million in New Contracts in Fourth Quarter

DALLAS, TX--(Marketwire - October 2, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the Company anticipates signing on approximately $32 million in new contracts in the fourth quarter of 2009. 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. Earlier this year, the Company signed an outsourcing sales 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 scheduled a senior management outsourcing summit October 12th in Shanghai intended to focus on larger, long-term outsourcing contracts.

China Crescent is a technology systems integrator and value added reseller of major global hardware brands, such as Dell and HP, in the Chinese domestic market. China Crescent has already grown its Chinese business to over $40 million in revenue annually and has a focus on the growing markets in second-tier cities, rural markets, and small-to-medium enterprises (SMEs) for expanding the Company's presence in China. Additionally, the Company has plans for expansion into the growing markets of Southeast Asia and East Africa to capitalize on the technology and technical infrastructure needs of those regions as they continue to develop.

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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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