SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

March 01, 2010 09:22 ET

China Crescent Enterprises, Inc. Reviews India and East Africa Expansion Plans and $300 Million, Three-Year Profitable Annual Revenue Goal

DALLAS, TX--(Marketwire - March 1, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) has released a Webcast on plans for expansion into India and an update on business expansion under development in East Africa. The Webcast reviews the growth of the Company's outsourcing services and original design manufacturing (ODM) business lines since 2009 and plans to reach $300 million in profitable annual revenue in three years. Domestic Chinese outsourcing sales have contributed $66 million in new sales contracts for three-year periods. China Crescent's recently launched original design manufacturing (ODM) business line has already added a $160 million commitment, agreed to in a letter of intent, bolstered by an initial $1.6 million purchase order for a near shore client.

A link to the Webcast titled 'China Crescent Global Sales & S.I. Analyst Review Webcast' is now available under Recent Webcasts on the China Crescent corporate website at www.chinacrescent.com.

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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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