SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

June 24, 2009 09:00 ET

China Crescent Enterprises, Inc. to Review Outsourcing Services to Include Recent $30 Million Agreement in Webcast Scheduled for Friday, June 26

DALLAS, TX--(Marketwire - June 24, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company will include a review of its new outsourcing services offering in the upcoming Webcast scheduled for Friday, June 26, 2009. The new outsourcing services offering is part of the Company's overall strategy to increase margins and the percentage of its overall revenue generated from recurring contracts. Recently, China Crescent announced a $30 million outsourcing services agreement with Shanghai-based Beijing Chuangzhitongda Technology Development. The $30 million in contract revenue is expected to be earned over the three-year contract period. Because of the size of the agreement in relation to the Company's over $40 million in 2008 revenue, the Company also filed a Form 8-K on the material agreement.

Outsourcing Strategy Webcast

China Crescent previously released an on-demand Webcast to present the Company's new outsourcing services strategy and the new services' benefits to customers, the Company and shareholders.

A link to the Webcast titled 'China Crescent Outsourcing Services Strategy Webcast (June 2, 2009)' is available on the Company's website under Webcasts at: http://www.newmarkettechnology.com/about-newmarket-china.htm.

Webcast Scheduled Friday June 26, 2009

A Webcast is scheduled Friday June 26, 2009 to preview the Company's 2nd quarter results and review year-to-date sales progress. Additionally, the Webcast will discuss the Company's anticipated growth in 2009 to include the potential for rapid growth during the remainder of the year. A link to the Webcast will be available on the Company's website Friday.

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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