SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

October 16, 2009 14:10 ET

China Crescent Enterprises, Inc. Reviews Successful Shanghai Outsourcing Summit in On-Demand Webcast Available Now

DALLAS, TEXAS--(Marketwire - October 16, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) has posted an on-demand Webcast on its corporate website that reviews this week's outsourcing summit. The summit kicked-off on Monday in Shanghai with meetings in four cities in China throughout the week, primarily aimed at reviewing and developing the Company's growing technology outsourcing business. The Company has been marketing a new outsourcing service since the beginning of this year and has already signed $30 million in total revenue value through the outsourcing services offering. China Crescent ended the successful summit with an announcement yesterday that the Company has signed a letter of intent to provide outsourcing services to Aoyuan Electronic Co. ltd in Dalian, China, for $36 million over three years.

In addition to conducting meetings surrounding the ongoing development of the growing outsourcing service offering in China, the summit also reviewed and advanced its mobile software strategy in China. In its mobile software strategy, China Crescent is working with NuMobile, Inc. (OTCBB: NUBL), a smartphone and mobile computing software company growing through a roll-up strategy to build a portfolio of mobile software solutions, and Alternet Systems, Inc. (OTCBB: ALYI), a company offering a wide range of mobile commerce and electronic ticketing payment services and solutions.

China Crescent is a systems integration service provider in China that provides technology outsourcing services and sells and services brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell in addition to selling and servicing innovative new technologies.

A link to the Webcast titled 'China Crescent Outsourcing Summit Review Webcast' is available at www.chinacrescent.com under Recent Webcasts.

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About China Crescent Enterprises, Inc. (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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