SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

September 30, 2009 10:06 ET

China Crescent Enterprises, Inc. Anticipates Reporting Record Income From Operations for 3rd Quarter After Signing Over $30 Million in New Contracts Year-to-Date

DALLAS, TX--(Marketwire - September 30, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company anticipates reporting record income from operations for the 3rd quarter. The Company reported record net income of $1.1 million on $17 million in revenue through the first six months of 2009. China Crescent began servicing a $30 million, three-year contract during the third quarter and anticipates that the revenue received from this contract will result in a second financial report with record results.

China Crescent yesterday released a 3rd quarter preview on-demand Webcast hosted by CEO Paul Danner on Company progress year-to-date, upcoming potential milestone events and the previously discussed $0.30 suggested fair value target price per share. The Webcast further details the approximate $45 million in recently announced outsourcing contracts or pending contracts and reviews growth opportunities in the technology business environment in China, per recent reports by Business Monitor International and the Wall Street Journal.

China Crescent is a technology systems integrator and value added reseller of major global hardware brands, such as Lenovo, Dell and HP, in the Chinese domestic market. The Company reported over $40 million in revenue in 2008 and has forecasted $50 million in profitable revenue for 2009, with plans to possibly increase the forecast following the completion of its upcoming 3rd quarter financial report.

A link to the on-demand Webcast, titled 'China Crescent 3rd Quarter Update with CEO Paul Danner Webcast,' is now available on the Company's corporate website under Recent Webcasts at www.chinacrescent.com.

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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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