SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

October 15, 2009 09:35 ET

China Crescent Enterprises, Inc. Signs $36 Million Letter of Intent to Provide Outsourcing Services

DALLAS, TX--(Marketwire - October 15, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced 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. China Crescent previously announced a $15 million letter of intent to provide outsourcing services to this company and, during the scheduled meetings this week, the scope of the agreement increased. The letter of intent announced today has replaced the previously announced letter of intent.

China Crescent has been conducting a series of meetings across four cities in China this week in conjunction with the Company's scheduled outsourcing management summit, primarily aimed at reviewing and developing the Company's growing technology outsourcing business. Earlier today, China Crescent announced the close of the summit and posted a Webcast to review the week's highlights. A link to the Webcast titled 'China Crescent Outsourcing Summit Review Webcast' is available at www.chinacrescent.com under Recent Webcasts.

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.

Corporate E-mail Updates

To sign up to receive company updates or to obtain more information on the Company, please visit www.chinacrescent.com.

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.

Contact Information