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China Crescent Enterprises, Inc. Announces Webcast on Acquisition Opportunity That Could Increase Current $40 Million in Approx

^{Published on 2009-11-12 08:47:22 - Market Wire}
 

DALLAS, TX--(Marketwire - November 12, 2009) - China Crescent Enterprises, Inc. (OTCBB: [ CCTR ]) today released an on-demand Webcast presentation featuring CEO Paul Danner and reviewing more information on the Company's recently announced acquisition plans. Last week, China Crescent announced a letter of intent to acquire a China Radio Technology Ltd subsidiary in Shenzhen. China Radio Technology Ltd, a Hong Kong-registered company, is a mobile communication hardware and software company that develops and manufactures products for sale in China. The subsidiary, which China Crescent plans to acquire from China Radio, is anticipated to produce $20 million in annual revenue. China Crescent currently generates approximately $40 million in annual revenue, and the contemplated acquisition could increase annual revenue in 2010 by approximately fifty percent while increasing China Crescent's product offerings in the growing mobile technology industry and expanding the Company's geographical footprint in China.

Shenzhen is located north of Hong Kong in the Guangdong province. According to Wikipedia, Shenzhen is considered one of the fastest growing cities in the world and is home to the headquarters of several high-tech companies. Shenzhen is also considered the major financial center in Southern China, having the Shenzhen Stock Exchange and the recently launched ChiNext exchange. Shenzhen is also a major port and, in 2007, was ranked the 4th busiest port in the world for container traffic.

A link to the Webcast is now available at the corporate website [ www.chinacrescent.com ] under 'Recent Webcasts' titled 'China Crescent - China Radio Technology Ltd'.

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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.