SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

July 14, 2010 09:00 ET

China Crescent Featured in Webcast on Emerging Market Investment Program for Entrepreneurial Businesses and Start-Up Ventures That Profitably Combats Poverty

DALLAS, TX--(Marketwire - July 14, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the Company has been featured in a Webcast presentation by the NewMarket Technology, Inc. Greenfield Partnership Program. The Greenfield Program was developed to assist entrepreneurial businesses and start-up ventures located in the world's emerging markets with hard-to-access early stage investment capital. NewMarket is an emerging market systems integration firm with an approximate $100 million in annual revenue, and the Greenfield Program was developed to both enhance the Company's growth potential while at the same time making a contribution to reducing poverty in global emerging markets. With the world's emerging market opportunities being located largely in regions of the world that also face extreme poverty issues, the Greenfield Program has been founded on a belief that a sustainable initiative to reduce poverty must be constructed on a process that produces a profit. Webcast host Philip Verges' 20 minute presentation begins with an overview of the program's philosophy to economically support the global opportunity to enjoy life, liberty and the pursuit of happiness. Mr. Verges goes on to explain the program's approach to utilize existing institutions, particularly the over-the-counter public market, within the program's strategy. The Webcast presentation includes examples of NewMarket's Greenfield Partnership Program progress.

The NewMarket Webcast has been timed in conjunction with NewMarket and other Greenfield Partners' participation in the Microsoft World Partner Conference (http://digitalwpc.com/) being held this week in Washington, D.C. July 11-15. Bill Clinton, the 42nd President of the United States of America, is scheduled to speak at the Conference today on "Embracing our Common Humanity."

A link to the NewMarket Webcast is available here: http://www.newmarkettechnology.com/wcgf_20100712.htm.

China Crescent is a systems integration service provider of brand name technologies operating primarily in China that reported $45 million in profitable annual revenue in 2009. China Crescent recently reported a more than 100% increase in first quarter revenue to nearly $15 million compared to the same period in 2009. Notably, net income increased more than 480% to approximately $657,000 versus the same period in 2009. The Company's recent expansion into additional lines of business in China, including outsourcing services and original design manufacturing (ODM), has contributed to the growth.

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About China Crescent Enterprises, Inc. (www.chinacrescent.com)

China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. Following a strategic acquisition last year, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008 and has set a goal of reaching $100 million in revenue in 2010.

Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists 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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