SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

October 14, 2009 13:20 ET

China Crescent Enterprises, Inc. to Close Shanghai Summit Tomorrow With Webcast on Outsourcing Services and Greenfield Partners NuMobile and Alternet

DALLAS, TX--(Marketwire - October 14, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) plans to conclude its management outsourcing summit, underway this week in Shanghai, China, with the release of an on-demand Webcast to review the week's highlights. The Company has been marketing a new outsourcing service since the beginning of this year and has already signed $30 million in total revenue value through the outsourcing services offering. The Company expects to sign over $60 million in total revenue value by year end.

This week, China Crescent released information on a potential outsourcing contract worth an anticipated $15 million with a company in Dalian, China. In addition to news on a potential new client, the Company also reviewed its first major outsourcing agreement signed earlier this year worth $30 million over three years. The Company has received high marks from the client and news that the total revenue value could exceed the originally anticipated $30 million. The client's business has been enhanced as a result of the project, and consequently, the services required from China Crescent could expand as early as next year. Initial estimates suggest the total contract value could increase to as high as $50 million over three years.

In the Webcast to be released tomorrow, China Crescent plans to review the Company's outsourcing services prospects as well as opportunities through the Greenfield Partner program and NuMobile, Inc. (OTCBB: NUBL) and Alternet Systems, Inc. (OTCBB: ALYI). NuMobile is a young smartphone and mobile computing software company growing through a roll-up strategy to build a portfolio of mobile software solutions, and Alternet offers a wide range of mobile commerce and electronic ticketing payment services and solutions.

China Crescent is a systems integration service provider in China that sells and services brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell in addition to selling and servicing innovative new technologies. China Crescent recently reported record net income of $1.1 million through the first six months of 2009 on $17 million in revenue. The Company reported over $40 million in revenue in both 2007 and 2008 and has forecasted reporting $50 million in profitable revenue in 2009.

A link to tomorrow's Webcast is scheduled to be available on the Company's website www.chinacrescent.com upon release.

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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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