SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

September 18, 2009 09:10 ET

China Crescent Enterprises, Inc. Eyes Africa Broadband Market's Expected 28% Growth With Launch of WiMAX Service in Kenya to Expand $40 Million Operation

DALLAS, TX--(Marketwire - September 18, 2009) - Earlier this year, China Crescent Enterprises, Inc. (OTCBB: CCTR) announced launching a smartphone and mobile computing offering in China through a partnership with NuMobile, Inc. China Crescent recently announced plans for expansion into Africa and will partner with NuMobile during this expansion effort.

Broadband adoption in Africa is expected to experience 28% growth annually through 2013 as undersea cables come online. Kenya, China Crescent's first target in Africa, has one submarine cable in place with two additional cables expected by 2011. The expanded capacity for broadband in Africa is expected to reduce costs by nearly 75%, making broadband affordable to end-users. Africa's current broadband system relies heavily on satellite for broadband communication, which typically costs about 20 times more than broadband offerings in the U.S. A recent report by Pyramid Research stated, ""By early 2011, we expect that more than half of all African markets will have 3G, while broadband coverage is increasing daily via both wireless and wireline technologies."

China Crescent's Opportunities in East Africa

China Crescent is scheduled to present on its business and corporate growth strategies in Dallas, Texas on Thursday, September 24th. The presentation is scheduled to include further discussion on the Company's growth over the past few years to over $40 million in annual revenue and plans to reach $50 million in annual revenue by year-end. The main purpose of the presentation will be to detail China Crescent's plans for East Africa and the recently announced Trade Mission to Kenya. China Crescent has targeted Kenya as its next foreign market expansion opportunity. China Crescent recently participated at the African Advanced Level Telecommunications Institute (AFRALTI) WiMAX Conference in Nairobi in preparation to begin operations in Kenya. Kenya already has a fiber-optic cable infrastructure in place throughout the country, and three submarine cables under construction or currently coming on line.

Anyone interested in learning more about the Company is invited to attend. Those interested in attending the presentation should email info@chinacrescent.com with name and contact information to reserve a space.

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About China Crescent Enterprises, Inc. (http://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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