SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

August 03, 2009 09:00 ET

China Crescent Enterprises, Inc. to Review $2 Million Hong Kong Project Benefit on Balance of 2009 in Shanghai Webcast

Webcast Scheduled for Thursday to Preview Q2 Results and Expectations for 2009 Revenue and Earnings to Top $41 M in Profitable 2008 Revenue

DALLAS, TX--(Marketwire - August 3, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) is scheduled to review the benefit of recent contracts on anticipated revenue growth for the remainder of 2009 in an on-demand Webcast, Thursday, August 6, 2009. Contracts include an agreement with a Hong Kong-based software company and a $30 million outsourcing contract signed earlier this year. Senior management is meeting in Shanghai this week for the official commencement of services on the outsourcing contract. Following the meetings, management plans to conduct the shareholder Webcast from Shanghai. The Webcast is also scheduled to preview 2nd quarter performance and the 2009 overall outlook for anticipated revenue growth and increased earnings per share in 2009 compared to 2008. The Webcast will be available for viewing on-demand. A link for accessing the Webcast is scheduled to be available on the Company's corporate website on Thursday, August 6, 2009.

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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