SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

September 24, 2009 09:00 ET

Wall Street Journal Features China Crescent Enterprises, Inc. Stimulus Package Driven Chinese Sales Growth of Resale Partners Lenovo and Hewlett-Packard

DALLAS, TX--(Marketwire - September 24, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) reported $17 million in revenue and a record net income of $1.1 million for the first six months of 2009. Net Income increased over 200% from the same period the previous year. With $45 million in recently announced outsourcing contracts or pending contracts, the Company is on track to achieve its forecasted $50 million in profitable revenue for 2009 and may increase its 2009 forecast, anticipating reporting record results for the third quarter.

China Crescent's 2009 success may in part be credited to a $586 billion Chinese government subsidy program designed to stimulate the nation's economy by encouraging spending in rural areas. The majority of China Crescent's sales today come from areas in China that are outside of major cities. Yesterday, the Wall Street Journal featured the sales programs implemented in China by Lenovo Group Ltd. and Hewlett-Packard Co. to expand sales in the Chinese countryside and benefit from the $586 billion Chinese government economic stimulus program.

The article by Loretta Chao on the front page of the Wall Street Journal Business Section reported:

"Globally, PC shipments have dropped in recent quarters as spending by companies and consumers has decreased. But in China -- where about 40 million PCs are sold annually, making it the world's second largest PC market after the U.S. -- sales have continued to grow, albeit at slower rates."

The article can be found in its entirety at:

China Crescent is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market to include Lenovo and Hewlett Packard. Brands the Company sells and supports also include Dell, IBM, Cisco, Sony, Epson, Canon and Sanyo. Additionally, the Company is an authorized reseller of operating system, database, middleware and application software from Microsoft, Red Hat, Oracle, Sybase, IBM, BEA, Veritas and others.

Lunch Presentation in Dallas Today at 12 pm CDT

China Crescent is scheduled to conduct a complimentary lunchtime presentation on its business and corporate growth strategies in Dallas, Texas today at 12 pm CDT. Any interested clients, vendors, or shareholders are invited to attend. A reservation is required and those interested in attending the presentation should call 214-722-3060 or email

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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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