SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

September 04, 2009 09:59 ET

China Crescent Enterprises, Inc. to Feature WiMAX, SmartPhone, Satellite Projects in Post Labor Day Update on $0.30 PPS Suggested Fair Value Target vs. Current $0.05

On-Demand Webcast Scheduled for Tuesday, September 8th

DALLAS, TX--(Marketwire - September 4, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) is scheduled to release a strategic corporate on-demand Webcast Tuesday, September 8, 2009 on the Company's website to include a review of the Company's suggested fair value target price per share of $.30. The webcast will feature the Company's recently introduced communication technology offerings to include the Satellite News Gathering Vehicle (SNG Vehicle), and software solutions for smartphones and mobile computing.

China Crescent reported $17 million in revenue and an over 200% net income increase to $1.1 million through the first six months of 2009. The Company has forecasted profitable revenue growth to $50 million in 2009. The Company reported over $40 million in profitable revenue in 2008. The Company's sales are historically seasonal, increasing throughout the year and usually reporting the largest sales and profits in the 4th quarter.

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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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