SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

October 09, 2009 13:52 ET

China Crescent Enterprises, Inc. and NuMobile, Inc. Announce Letter of Intent for $1 Million Mobile Computing Project in Kenya

DALLAS, TX--(Marketwire - October 9, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) and NuMobile, Inc. (OTCBB: NUBL) today announced signing a letter of intent (LOI) for a mobile computing project worth approximately $1 million in potential revenue with a company in Kenya, and the Companies have further announced that the transaction is anticipated to close in conjunction with the upcoming Trade Mission to Kenya. The two Companies have been in Nairobi, Kenya this week meeting on myriad opportunities in the region and preparing for the previously announced Trade Mission. The two companies have entered into a partnership to combine NuMobile's smartphone and mobile computing technology solutions with China Crescent's systems integration expansion into East Africa in the launch of WiMax services in Africa.

Eyes to Africa as Next Emerging Market for Technology and Telecommunications Infrastructure Growth

The rising market in Africa for mobile phones and supporting applications and infrastructure have been making headlines lately. In its printed edition on October 5th, the New York Times featured an article on Africa having "the fastest-growing mobile phone market worldwide" titled "In Rural Africa, a Fertile Market for Mobile Phones" (http://www.nytimes.com/2009/10/06/science/06uganda.html?_r=2&ref=world). The September 24th edition of The Economist magazine also focused on Africa in a special report on telecommunications in emerging markets. The special report, titled "The Power of Mobile Money" (http://www.economist.com/opinion/displaystory.cfm?story_id=14505519) is featured on the front cover of the magazine and includes five articles. African mobile voice and data communications are featured throughout the special report. Of particular interest is an article titled "Up, up and Huawei" (http://www.economist.com/specialreports/displaystory.cfm?story_id=14483904) about China's telecom leadership in Africa and "Beyond Voice" (http://www.economist.com/specialreports/displaystory.cfm?story_id=14483848) which explores the use of mobile applications in Africa.

In addition to the growing market for mobile phones in Africa, broadband adoption on the continent is also expected to experience 28% growth annually through 2013 as undersea cables come online. The expanded capacity for broadband is expected to reduce costs by nearly 75%, making broadband affordable to end-users. 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."

Correspondingly, the need for technology infrastructure products and services is expected to grow in the region. As the region's technology needs and mobility use increase, China Crescent and NuMobile plan to be well positioned to offer both the technology infrastructure needed as well as the latest smartphone and mobile computing technologies.

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About NuMobile, Inc. (www.numobileinc.com)

NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.

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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