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China Crescent Enterprises, Inc.: China Crescent Enterprises, Inc. Set Sights on 2010 $100 Million Profitable Revenue Target an

^{Published on 2009-10-19 06:31:43 - Market Wire}
 

DALLAS, TX--(Marketwire - October 19, 2009) - China Crescent Enterprises, Inc. (OTCBB: [ CCTR ]) recently announced a 2010 objective of reaching a profitable annualized revenue run rate of $100 million. Subsequently, the Company announced a letter of intent to provide outsourcing services to Aoyuan Electronic Co. ltd in Dalian, China, for $36 million over three years. The finalization of the contract with Aoyuan will bring the total revenue value of China Crescent's 2009 outsourcing contracts to approximately $66 million.

"Our outsourcing business is gaining momentum and our confidence in reaching an annual $100 million profitable revenue run rate in 2010 is high," said Paul Danner, CEO of China Crescent Enterprises, Inc. "We are now developing a strategy to benefit from a national exchange listing with the anticipated magnitude of the operation in 2010."

China Crescent is a systems integration service provider in China that provides technology outsourcing services and sells and services brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell in addition to selling and servicing innovative new technologies.

Outsourcing Summit Webcast Available On-Line

China Crescent conducted a series of meetings across four cities in China last week in conjunction with the Company's scheduled outsourcing management summit, primarily aimed at reviewing and developing the Company's growing technology outsourcing business. China Crescent posted a Webcast to review the week's highlights. A link to the Webcast titled 'China Crescent Outsourcing Summit Review Webcast' is available at [ www.chinacrescent.com ] under Recent Webcasts.

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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.