SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

October 15, 2009 09:00 ET

China Crescent Enterprises, Inc. Closes Management Summit in Beijing as Russian Prime Minister Vladimir Putin Visits Chinese Capital

Company Posts Outsourcing Summit Webcast Outlining $60 Million in Potential Total Outsourcing Revenue by Year End

DALLAS, TX--(Marketwire - October 15, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the closing of the management summit on outsourcing with a series of meetings in Beijing that coincided with the state visit of Russian Prime Minister Vladimir Putin. The management summit kicked off on Monday in Shanghai with meetings in four cities in China throughout the week, primarily aimed at reviewing and developing the Company's growing technology outsourcing business. 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.

Outsourcing Contracts Potential Greater Than Anticipated

The scheduled meetings during the summit with prospective new outsourcing clients exceeded management's expectations. The magnitude of the opportunities reviewed this week was larger than management anticipated and may be engaged sooner than expected. The execution of a letter of intent on an outsourcing agreement is imminent and may be released later today.

Mobile Software Strategy with NuMobile, Inc. and Alternet Systems, Inc.

In addition to conducing meetings surrounding the ongoing development of the growing outsourcing service offering in China, the summit also reviewed and advanced its mobile software strategy in China. In its mobile software strategy, China Crescent is working with NuMobile, Inc. (OTCBB: NUBL), a smartphone and mobile computing software company growing through a roll-up strategy to build a portfolio of mobile software solutions, and Alternet Systems, Inc. (OTCBB: ALYI), a company offering a wide range of mobile commerce and electronic ticketing payment services and solutions.

Outsourcing Summit Webcast Available On-Line

Today, China Crescent released an outsourcing summit review Webcast on its corporate website. The Webcast reviews the Company's outsourcing services prospects as well as the mobile software strategy opportunities with NuMobile and Alternet Systems. A link to the Webcast titled 'China Crescent Outsourcing Summit Review Webcast' is available at www.chinacrescent.com under Recent Webcasts.

China Crescent is a systems integration service provider in China that provides technology outsourcing services and 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.

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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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