SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

September 22, 2009 11:31 ET

China Crescent Enterprises, Inc. and NuMobile, Inc. Ready for 4th Quarter Release of iPhone in China

DALLAS, TX--(Marketwire - September 22, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) recently announced a partnership with NuMobile, Inc. (OTCBB: NUBL) to launch a smartphone and mobile computing offering in China. China Crescent is a systems integrator and technology service provider in the Chinese market reporting approximately $40 million in annual revenue for the past two years, and NuMobile has proprietary software product offerings for the smartphone and mobile computing market. China Crescent is NuMobile's exclusive partner in China helping NuMobile to expand its geographic footprint.

With the release of the iPhone positioned to kick the smartphone market in China into high gear, competitors are preparing to release their own smartphone products and applications, further enhancing the overall market. The introduction of the iPhone into the Chinese market is expected to boost not only smartphone sales, but mobile application sales as well. Smartphone shipments to China are expected to increase by 42.5% to over 30 million units next year, and maintain steady growth of roughly 30% through 2013.

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.

Lunch Presentation in Dallas This Thursday at 12 pm CDT

China Crescent is scheduled to conduct a complimentary lunchtime presentation on its business and corporate growth strategies in Dallas, Texas this Thursday, September 24th. The main purpose of the presentation will be to detail China Crescent's plans for East Africa and the Company's recently announced upcoming Trade Mission to Kenya. However, the presentation will also include a general overview of China Crescent, with a preview of the anticipated record 3rd quarter financial results and discussion of a potential increase to the 2009 forecast.

The presentation is scheduled for 12 pm CDT in North Dallas and lunch will be served. Any interested clients, vendors, or shareholders are invited to attend. A reservation is required to attend the presentation and those interested in attending the presentation should call 214-722-3060 or email info@chinacrescent.com with name and contact information to reserve a space by Wednesday 5pm CDT.

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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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