SOURCE: China Crescent Enterprises, Inc.

September 16, 2008 10:13 ET

China Crescent Enterprises, Inc. Schedules CEO Webcast to Report YTD Progress on Track to Meet $50 Million Revenue Forecast and Announce Target Fair Value Share Price

Micros Report Analyst Report Update With New Target Fair Value Share Price Recommendation Scheduled to Be Released Friday Following CEO Webcast

DALLAS, TX--(Marketwire - September 16, 2008) - China Crescent Enterprises, Inc. (OTCBB: CCSE) CEO Paul K. Danner will conduct a Webcast Friday, September 19 at 12:30 pm EDT. During the Webcast, Mr. Danner will discuss the Company's year-to-date progress to meet or exceed its profitable $50 million revenue forecast.

$19.2 Million In Revenue in First Six Months of 2007 with Seasonal Increase Expected in Last Six Months

The Company reported $19.2 million in revenue for the first six months of 2008, reflecting an 11% increase in revenue over the first six months of 2007. Net income for the first six months of 2008 was $321 thousand compared to a loss of $22 thousand for the same period last year. The Company has reported four continuous quarters of profitability with continued revenue growth. The Company anticipates seasonally higher sales in the 3rd and 4th quarters compared to the 1st and 2nd quarters.

Micros Report Analyst Report Update and New Target Fair Value Share Price

Micros Report is expected to release a research report update from Michael Willingham, Director of Research, on Friday following the CEO webcast. Micros Report initiated research coverage and published his first report on China Crescent in December 2007.

A link to the Webcast will be available on the Company's corporate Website at titled "China Crescent Year-to-Date Corporate Update."

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 or call 214-722-3065.

About China Crescent Enterprises, Inc. (

China Crescent Enterprises, Inc. 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.


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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