SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

August 27, 2009 09:22 ET

China Crescent Enterprises, Inc. to Preview Anticipated Favorable 3rd Quarter Financial Performance With $30 Million Outsourcing Contract Going Into Service

DALLAS, TX--(Marketwire - August 27, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the Company is scheduled to preview its anticipated favorable third quarter performance in an on-demand Webcast Wednesday, September 2, 2009. The Webcast will address the impact of the Company's recently announced $30 million outsourcing contract with Shanghai-based Beijing Chuangzhitongda Technology Development going into service. A link to the Webcast is scheduled to be available on the Company's website Wednesday, September 2nd.

$1.1 Million Net Income and $17 Million Revenue First Six Months '09

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, in which the Company reported over $40 million in profitable revenue.

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. (http://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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