SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

September 17, 2009 13:15 ET

China Crescent Enterprises, Inc. Senior Management Outsourcing Summit Scheduled October 12th in Shanghai to Accelerate 2nd Major Contract Following Recent $30 Million Engagement

DALLAS, TX--(Marketwire - September 17, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a senior management outsourcing summit scheduled October 12th in Shanghai intended primarily to focus on the contract contemplated in the recent signing of a letter of intent (LOI) for a second large outsourcing opportunity in China. Earlier this year, China Crescent announced a $30 million contract signed with Beijing Chuangzhitongda Technology Development. China Crescent has been marketing the new outsourcing service since the beginning of this year to increase the Company's percentage of sales from recurring revenue and improve the gross margins.

China Crescent reported over $40 million in annual revenue for 2008. The Company reported $17 million in revenue and an over 200% net income increase to $1.1 million for the first six months of 2009. The Company's sales are historically seasonal with its largest sales and profits usually occurring in the 4th quarter. The Company has forecasted $50 million in profitable revenue for 2009.

Strategic Corporate Update Webcast

Last week, China Crescent released a strategic corporate Webcast on the Company's website titled 'China Crescent Post Labor Day Update Webcast.'

The Webcast provides an update of the Company's $0.30 suggested fair value target price per share and includes a review of the $50 million revenue goal based on a sales driven revenue and profit growth strategy that has resulted in a record profit year-to-date.

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About China Crescent Enterprises, Inc. (

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.


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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