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China Crescent Enterprises, Inc. Expects New Business Lines to Boost 4th Quarter Sales Higher Than Three Previous Quarters in 2

^{Published on 2009-12-17 06:20:13 - Market Wire}
 

DALLAS, TX--(Marketwire - December 17, 2009) - China Crescent Enterprises, Inc. (OTCBB: [ CCTR ]) has announced the Company anticipates sales in the 4th quarter of 2009 to exceed sales in each of the previous three quarters of 2009. Last week, China Crescent announced the acquisition of a subsidiary of China Radio Technology Ltd. The transaction is designed to enable China Crescent to introduce a new mobile communication hardware and software line of business. Earlier this year, China Crescent also introduced a new outsourcing services line of business. Both new business lines are anticipated to contribute to fourth quarter 2009 sales. China Crescent reported $30 million in revenue through the first nine months of the year ending September 30, 2009, with record net income of $1.8 million. In addition to the contributions anticipated from the new lines of revenue, the Company's sales are historically seasonal with its largest sales and profits usually occurring in the 4th quarter. China Crescent is a systems integration service provider in China that markets technology outsourcing services that include the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell.

Recent Acquisition and Outsourcing Services with Potential to Add $30 Million to 2010 Revenue

Earlier this year, China Crescent began offering a new outsourcing service and anticipates finalizing a pending service contract by year-end with Aoyuan Electronic Co. Ltd in Dalian, China, for $36 million over three years, with the potential for as much as $10 million in revenue to be recognized in 2010.

China Crescent has scheduled a Webcast for release tomorrow, December 18th to provide an update on the pending service contract. A link to the Webcast will be posted to the corporate website [ www.chinacrescent.com ] upon release.

Additionally, China Crescent's milestone acquisition of a China Radio Technology Ltd. subsidiary located in Shenzhen is anticipated to produce $20 million in annual revenue in 2010. China Radio Technology, a Hong Kong-registered company, is a mobile communication hardware and software company that develops and manufactures products for sale in China.

China Crescent released an exclusive Webcast reviewing the milestone acquisition and a link to the Webcast is available on the corporate website [ www.chinacrescent.com ] under Recent Webcasts titled 'China Crescent Shareholder Update -- CRT Acquisition Webcast.'

China Crescent Virtual Town Hall January 22, 2010

China Crescent plans to release a 2009 Virtual Town Hall January 22, 2010 and the agenda includes a review of the Company's outsourcing service offering and a recent acquisition. The Virtual Town Hall agenda also includes a review of 2009, a preview of the Company's plans for the year ahead and an outline of plans to evolve the Company's growth strategy while adopting lessons learned.

The Virtual Town Hall is scheduled to be made available online to interested viewers on their own schedule and from their own location. Shareholders and interested investors are asked to submit suggested topics for discussion and questions by 5 pm CST December 28, 2009 to [ townhall@chinacrescent.com ].

Sign Up to Receive Regular China Crescent Investor Updates

China Crescent sends regular email updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage ([ www.chinacrescent.com ]). Recipients can manage their own email contact profile and safely unsubscribe at any time.

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.