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China Crescent Enterprises, Inc.: China Crescent Enterprises, Inc. Registers to Provide E-Commerce in China in Move to Further

^{Published on 2009-10-06 06:28:21 - Market Wire}
 

DALLAS, TX--(Marketwire - October 6, 2009) - China Crescent Enterprises, Inc. (OTCBB: [ CCTR ]) today announced registering to provide E-Commerce services. China Crescent is a systems integration service provider in China that sells and services brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell in addition to selling and servicing innovative new technologies. China Crescent recently reported record net income of $1.1 million through the first six months of 2009 on $17 million in revenue. The Company reported over $40 million in revenue in both 2007 and 2008 and has forecasted reporting $50 million in profitable revenue in 2009. China Crescent recently announced an exclusive partnership with NuMobile, Inc. to sell and service NuMobile's smartphone and mobile computing solutions in China. China Crescent is now registering in China to provide E-Commerce services to improve its sales potential of smartphone and mobile computing solutions.

According to a China Tech News summary of a recent IDC market research report, trade in China's e-commerce is expected to reach CNY3.22 trillion in total trade by 2010, up from CNY1.951 trillion in 2008. The Chinese online auction site, Taobao.com, similar to E-bay, realized staggering growth, reporting CNY100 billion in trade volume in 2008, compared to just CNY43.3 billion in 2007. Even with strong growth, the penetration of e-commerce in China is just north of 25%, leaving considerable room for continued expansion. Wireless Expertise, a UK-based wireless market research and consulting firm, expects rapid growth in the global mobile application marketplace from $4.66 billion in 2009 to $16.6 billion in 2013. Much of the growth is fueled by mobile phones currently outnumbering PCs around the world 4:1. Because of their mobility, the opportunity for growth is substantially higher than fixed-line applications and solutions.

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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.