SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

October 12, 2009 13:00 ET

China Crescent Enterprises, Inc. to Present Potential Expansion to $60 Million in Total Outsourcing Contracts Anticipated by Year End

DALLAS, TX--(Marketwire - October 12, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled an on-demand Webcast for release this Thursday, October 15th. The Webcast will report on China Crescent's senior management outsourcing summit in Shanghai that is currently underway. China Crescent has been marketing a new outsourcing service since the beginning of this year to increase the Company's percentage of sales from recurring revenue and improve the gross margins.

Earlier this year, China Crescent signed an outsourcing sales contract worth $30 million and has recently announced signing a letter of intent agreement for an anticipated $15 million outsourcing contract expected to be closed in the fourth quarter. Today, the Company announced that based on positive client review, the $30 million outsourcing contract may be expanded to as high as $50 million over the three-year span of the contract.

The Webcast, scheduled for Thursday, is anticipated to include a review of outsourcing contract opportunities that may bring the Company's outsourcing sales to as high as $60 million for 2009 and to review the Company's previously announced $0.30 suggested fair value target price per share.

The Webcast is scheduled to be available on the Company's website www.chinacrescent.com upon release.

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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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