China Crescent Enterprises, Inc. Anticipates $36 Million Aoyuan Electronic Contract to Close and Go in Service Next Month

DALLAS, TX--(Marketwire - October 29, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the recently announced pending contract with Aoyuan Electronic Co. ltd in Dalian, China, for $36 million over three years, is anticipated to close and go into service next month. CEO Paul Danner is scheduled to meet with the client in China the week of November 9th for the purpose of finalizing and executing the contract. Preparations to complete the contract are underway and service is expected to start immediately.

The Company recently released an on-demand Webcast with CEO Paul Danner to review record year to date sales growth and to review the Aoyuan deal as a potential trigger of a milestone price per share increase. The pending contract would be the second major outsourcing contract signed by China Crescent this year, bringing the total long-term revenue value of China Crescent's outsourcing contracts signed in 2009 to approximately $66 million.

A link to the on-demand Webcast titled 'China Crescent Corporate Update Webcast' is available at www.chinacrescent.com under Recent Webcasts.

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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.

Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060