SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

August 21, 2009 14:55 ET

China Crescent Enterprises, Inc. Anticipates Buy-In to Comply With Regulation SHO

SEC Regulation SHO Targets Abusive Naked Short Selling by Reducing Failure to Deliver Securities

DALLAS, TX--(Marketwire - August 21, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company remains listed on the Regulation SHO Threshold Security List. SEC Regulation SHO targets abusive naked short selling by reducing failure to deliver securities and by limiting the time in which a broker can permit failures to deliver. The Regulation SHO Threshold Security List reports any stock where more than 0.5% of a company's total outstanding shares failed delivery for five consecutive days.

"Management remains confident that the Company's share price will increase based on its fundamental financials and record performance in the first six months of this year and in reaction to the Company's continued listing on the Regulation SHO threshold list," stated Philip M. Verges, Founder and Board Member.

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About China Crescent Enterprises, Inc. (

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.


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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