SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

March 16, 2010 10:52 ET

China Crescent Enterprises, Inc. Anticipates Reporting Positive Financial Results in Upcoming Annual Report

DALLAS, TX--(Marketwire - March 16, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the preparation of the Company's upcoming annual financial report for 2009. 

"2009 was a good revenue growing year for China Crescent," said Dr. James Jiang, China Crescent CEO. "The Company signed a few substantial and long-term contracts, as well as continued to deliver strong results on smaller sales to our recurring customers. Our bottom line performance is also continually improving and I anticipate the overall financial report for 2009 will demonstrate China Crescent's current strength and future potential."

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About China Crescent Enterprises, Inc. (www.chinacrescent.com)

China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. Following a recent strategic acquisition, the Company has expanded its business line to include original design manufacturing (ODM). China Crescent reported over $40 million in profitable revenue in 2008. The Company has reported record profits through the first 9 months of 2009 and anticipates reporting record profit in the 2009 annual report. Management has set a goal of reaching $100 million in revenue in 2010.

Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists 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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