SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

June 12, 2009 15:40 ET

China Crescent Enterprises, Inc. Releases On-Demand Corporate Update Webcast Reviewing YTD Progress to Include Removal From Regulation SHO Threshold List

Webcast Includes $30 Million Outsourcing Contract and $0.30 Fair Value Target PPS

DALLAS, TX--(Marketwire - June 12, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today released an on-demand Webcast providing a corporate update. Specifically, the Webcast addresses the Company's recent financial performance, outsourcing services to include a recent $30 million contract, fair value target PPS of $0.30 and an overview of the micro-cap public market.

Earlier today, China Crescent Management also released a letter to shareholders. The letter reviews the Company's recent $30 million outsourcing services contract, and includes a discussion on micro-cap investing strategy based on lessons learned and shareholder feedback. The letter is available in its entirety at: http://finance.yahoo.com/news/China-Crescent-Enterprises-iw-15510591.html.

A link to the Webcast titled 'China Crescent Corporate Update Webcast (June 12, 2009)' is available on the Company's website under Webcasts at: http://www.newmarkettechnology.com/about-newmarket-china.htm.

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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