SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

October 20, 2009 13:10 ET

China Crescent Enterprises, Inc. Trading Volume Ranks in Top 50 on OTCBB, Building Momentum for Potential PPS Increase to $0.30 Suggested Fair Value Target

DALLAS, TX--(Marketwire - October 20, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) is a systems integration service provider in China that markets technology outsourcing services that include the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. China Crescent reported over $40 million in annual revenue for 2008. The Company reported $17 million in revenue and record net income with an over 200% 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.

"Within the milestone investing cycle we often discuss, trading volume is a substantial factor in the price per share performance of an over the counter quoted company," said Philip Verges, Board Member of China Crescent. "We have recently suggested a $0.30 fair value target price per share for China Crescent. While we do not expect a steady and continuous increase in the share price, we instead would look for periodic increases and subsequent declines that ideally demonstrate an upward trend toward the $0.30 target. We anticipate those increases and declines would include increases and declines in trading volumes as well. With the recent trading volume registering China Crescent as a top 50 most actively traded security by share volume on the OTCBB, in conjunction with recent milestone business development events, we are optimistic that this might be an indication of the next milestone increase in the price per share."

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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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