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China Crescent Enterprises, Inc. Reviews Revenue and Profit Contribution From New Outsourcing Service and Previews 2010 in Upda

^{Published on 2009-12-18 06:10:29 - Market Wire}
 

DALLAS, TX--(Marketwire - December 18, 2009) - China Crescent Enterprises, Inc. (OTCBB: [ CCTR ]) today released an on-demand Webcast focused on a pending $36 million, three-year contract with Aoyuan Electronic Co. Ltd located in Dalian, China, that management expects to close by year-end. China Crescent would provide outsourcing services for the client, to include desktop computing and telecommunications. China Crescent launched its outsourcing services business line earlier this year and expects the impact of its initial success to be reflected in fourth quarter 2009 financials. Additionally, the Company's sales are historically seasonal with its largest sales and profits usually occurring in the 4th quarter. 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. The contract with Aoyuan Electronic Co. Ltd. could contribute upwards of $10 million to China Crescent's revenue in 2010. In conjunction with this first potential contract in Dalian, one of the strongest cities in China, China Crescent is also looking to further expand its services in the surrounding region. The Webcast also discusses China Crescent's near and long-term potential, anticipated 4th quarter results and upcoming Virtual Town Hall scheduled for release on January 22, 2010.

A link to the Webcast is available on the corporate website [ www.chinacrescent.com ] under Recent Webcasts titled 'China Crescent Shareholder Update - Dalian Potential $36 Million Contract Webcast.'

Recent Milestone Acquisition with Potential to Add $20 Million to 2010 Revenue

Last Week, China Crescent announced the acquisition of a China Radio Technology Ltd. subsidiary located in Shenzhen that 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 on January 22, 2010, and the agenda includes a review of the Company's outsourcing service offering and 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.