SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

March 12, 2010 09:00 ET

China Crescent Enterprises, Inc. Reviews $200 Million in Potential Contracts in Webcast Presentation

DALLAS, TX--(Marketwire - March 12, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) recently announced goal to generate $200 million in revenue through partnership programs in 2010 has been reviewed in an on-demand Webcast. Dr. James Jiang, CEO of China Crescent, made the announcement during the Company's sales conference in Shanghai this week. Dr. Jiang explained the $200 million represented an additional $100 million revenue goal, with the additional $100 million revenue not necessarily to be recognized directly by China Crescent but otherwise to be recognized in a combination of opportunities won by individual partner participants. The presentation also includes a summary of the Shanghai Sales Conference which was organized to provide China Crescent technology partners with the latest information on sales programs and opportunities in China.

China Crescent partners that participated in the conference included NuMobile, Inc (OTCBB: NUBL), Alternet Systems, Inc. (OTCBB: ALYI) and Nova Energy, Inc. (OTCBB: NVAE). NuMobile is building a portfolio of software solutions for the global mobile computing and smartphone market and has partnered with China Crescent to sell, service and market NuMobile's products in China. Alternet provides mobile commerce technology and services via a comprehensive suite of hosted and Software as a Service (SaaS) applications for the Utility, Transportation, Financial, and Telecommunication, and Retail industries. Nova Energy is pursuing several initiatives in East Africa, initially in Kenya, to include initiatives in the technology, utility, housing and health products industries. During the conference, Nova Energy explored partnership opportunities to introduce high quality, affordable technologies from the participating companies and other leading technology brands such as Huawei and Lenovo into East Africa. 

China Crescent Conference Webcast

A link to the Webcast titled 'China Crescent Shanghai Sales Conference Webcast' is now available under Recent Webcasts on the China Crescent corporate website at www.chinacrescent.com. A direct link to the Webcast is http://www.chinacrescent.com/wcsc_20100311.htm.

About China Crescent Enterprises, Inc. (www.chinacrescent.com)

China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. Following a recent strategic acquisition, the Company has expanded its business line to include original design manufacturing (ODM). China Crescent reported over $40 million in profitable revenue in 2008. The Company has reported record profits through the first 9 months of 2009 and anticipates reporting record profit in the 2009 annual report. Management has set a goal of reaching $100 million in revenue in 2010.

Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists 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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