SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

August 25, 2009 11:36 ET

China Crescent Enterprises, Inc. and NuMobile, Inc. to Launch Smartphone Service for China Market in Conjunction With MobiCom 2009 in Beijing

DALLAS, TX--(Marketwire - August 25, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) together with NuMobile, Inc. (OTCBB: NUBL) today announced launching a smartphone and mobile computing offering in China in conjunction with MobiCom 2009. China Crescent has over $40 million in annual revenue from selling technology services in China, and NuMobile has a proprietary software product offering for the smartphone and mobile computing market. China Crescent is NuMobile's exclusive partner in China helping NuMobile to expand its geographic footprint. NuMobile has already announced a contract with the National Guard as a result of early sales efforts in North America. The Chinese mobile market opportunity is substantially larger than the North American opportunity.

MobiCom 2009, being held September 20-25 in Beijing, is an annual conference dedicated to addressing challenges in the areas of mobile computing and wireless and mobile networking. The premiere event of its kind, MobiCom is sponsored by IBM Research, Microsoft Research, Samsung and Hewlett-Packard. More information on MobiCom is available at http://www.sigmobile.org/mobicom/2009/.

200% Net Income Increase to $1.1 Million

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 in 2009 compared to 2008. The first six months results beat management expectations. The Company's financial performance is ahead of the pace anticipated by management as necessary to meet year end revenue and net income growth objectives. The Company reported over $40 million in profitable revenue in 2008.

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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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