SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

September 28, 2009 11:30 ET

China Crescent Enterprises, Inc. Webcast Update on $45 Million in New or Pending Contracts to Include Review of News on Affiliated Computer Services, Perot and EDS Acquisitions

DALLAS, TX--(Marketwire - September 28, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) plans to release an exclusive Webcast on its corporate website tomorrow, September 29th. The Webcast agenda features details on recently announced plans to increase the Company's 2009 revenue forecast following the completion of its upcoming 3rd quarter financial report. With $45 million in recently announced outsourcing contracts or pending contracts, the Company is on track to achieve its previously forecasted $50 million in profitable revenue for 2009. The Company has reported approximately $40 million in annual revenue for the previous two years and has previously discussed a $0.30 suggested fair value target price per share.

Technology service providers are in the news recently and tomorrow's Webcast will include an overview of the news and what it might mean for China Crescent. Included in the review of industry news will be the recent acquisition announcements of Perot Systems by Dell, and Affiliated Computer Services by Xerox, as well as the acquisition of EDS by Hewlett-Packard announced last year. The Webcast will also review recent Chinese technology market news featured by Business Monitor International and the Wall Street Journal, both of which released feature articles on the Chinese government subsidy program to fuel PC sales in rural China.

A link to the Webcast will be available on the Company's website www.chinacrescent.com upon release.

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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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