SOURCE: China Crescent Enterprises, Inc.

September 18, 2008 09:00 ET

China Crescent Enterprises, Inc. Founder and Board Member Joins CEO to Discuss M&A Campaign and $50 Million 2008 Forecast on Webcast Friday

DALLAS, TX--(Marketwire - September 18, 2008) - China Crescent Enterprises, Inc. (OTCBB: CCSE) today announced the Company's Founder and Board Member Philip Verges will be joining CEO Paul K. Danner on Friday's Webcast scheduled for 12:30 pm EDT to discuss the Company's M&A campaign. During the Webcast, management will also discuss the Company's year-to-date progress to meet or exceed its profitable $50 million revenue forecast.

A link to the Webcast is available on the Company's corporate Website at www.chinacrescent.com titled "China Crescent Enterprises Year-to-Date Corporate Update Webcast."

China Crescent Kicks Off M&A Campaign with Conference near Hong Kong

China Crescent management will be kicking off its merger and acquisition campaign with the Company's participation in the "Summit on the Industrial Transformation of Zhu Jian Delta," a conference focused on small business financing in China. During the conference VP of Business Development Larry Wu and Founder and Board Member Philip Verges will present on global small business financing. The conference will provide a rich source of potential M&A candidates, as it will provide China Crescent the opportunity to reach hundreds of small businesses at once. The Company is looking to expand both its service offerings and its operations to areas throughout China and possibly beyond.

$19.2 Million in Revenue in First Six Months of 2008; Expects Strong Second Half of Year

The Company reported $19.2 million in revenue for the first six months of 2008, reflecting an 11% increase in revenue over the first six months of 2007. Net income for the first six months of 2008 was $321 thousand compared to a loss of $22 thousand for the same period last year. The Company has reported four continuous quarters of profitability with continued revenue growth. The Company anticipates seasonally higher sales in the 3rd and 4th quarters compared to the 1st and 2nd quarters.

Micros Report Analyst Report Update and New Target Fair Value Share Price

Micros Report is expected to release a research report update from Michael Willingham, Director of Research, on Friday following the CEO Webcast. Micros Report initiated research coverage and published his first report on China Crescent in December 2007.

Corporate E-mail Updates

To be added to China Crescent's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to ir@chinacrescent.com or call 214-722-3065.

About China Crescent Enterprises, Inc. (www.chinacrescent.com)

China Crescent Enterprises, Inc. 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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