SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

September 21, 2009 09:12 ET

China Crescent Enterprises, Inc. to Preview Anticipated Record 3rd Qtr. Results and Potential Forecast Increase in Dallas Presentation Thursday, September 24th

DALLAS, TX--(Marketwire - September 21, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) is scheduled to present 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.

Current $50 Million Forecast and Record Net Income Through the First Six Months

China Crescent reported over $40 million in annual revenue for 2008. The Company reported $17 million in revenue and record net income with an over 200% increase to $1.1 million for the first six months of 2009. The Company's sales are historically seasonal with its largest sales and profits usually occurring in the 4th quarter. The Company has forecasted $50 million in profitable revenue for 2009.

China Crescent has targeted Kenya as its next foreign market expansion opportunity. To learn more about the opportunity in East Africa and China Crescent's expansion plans in the region, view the Company's Webcast on its African Strategy:

China Crescent recently participated at the African Advanced Level Telecommunications Institute (AFRALTI) WiMax Conference in Nairobi in preparation to begin operations in Kenya. Kenya already has a fiber-optic cable infrastructure in place throughout the country, and three submarine cables under construction or currently coming on line.

A reservation is required to attend the presentation. Those interested in attending the presentation should email with name and contact information to reserve a space.

Strategic Corporate Update Webcast

China Crescent recently released a strategic corporate Webcast on the Company's website titled 'China Crescent Post Labor Day Update Webcast.'

The Webcast provides an update of the Company's $0.30 suggested fair value target price per share and includes a review of the $50 million revenue goal based on a sales driven revenue and profit growth strategy that has resulted in a record profit year-to-date. The Webcast also features the Company's recently introduced communication technology offerings to include the Satellite News Gathering Vehicle (SNG Vehicle) and software solutions for smartphones and mobile computing.

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About China Crescent Enterprises, Inc. (

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.


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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