SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

March 11, 2010 13:01 ET

China Crescent Enterprises, Inc. (CCTR) Anticipates Possible Buy-In and Short Squeeze as Company Is Listed on Reg SHO Threshold Security List

DALLAS, TX--(Marketwire - March 11, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) was listed on the Regulation SHO "threshold security" list (link: http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold) on March 8, 2010. The Company is still on the list as posted at the end of the trading day yesterday. 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. Management anticipates possible buy-in pressure in conjunction with the listing.

As defined in Rule 203(c)(6) of Regulation SHO, a "threshold security" is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:

--  There are aggregate fails to deliver at a registered clearing agency of
    10,000 shares or more per security;

--  The level of fails is equal to at least one-half of one percent of the
    issuer's total shares outstanding; and

--  The security is included on a list published by a self-regulatory
    organization (SRO).

A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.

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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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