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China Crescent Enterprises, Inc.: China Crescent Enterprises, Inc. Gears up for Increased Growth in Second Half of 2009 With Co

^{Published on 2009-07-23 06:57:17, Last Modified on 2009-07-23 06:57:27 - Market Wire}
 

DALLAS, TX--(Marketwire - July 23, 2009) - China Crescent Enterprises, Inc. (OTCBB: [ CCTR ]) today announced senior management is scheduled to meet in Shanghai the first week of August for the official commencement of services on the $30 million outsourcing contract signed earlier this year. The project ramp up is ahead of schedule and management anticipates the project success to be reflected in accelerated revenue growth through the second half of 2009. China Crescent has been marketing a new outsourcing service since the beginning of this year to increase the Company's percentage of sales from recurring revenue and improve the gross margins.

The first major outsourcing contract was signed with Shanghai-based Beijing Chuangzhitongda Technology Development. The Company has filed a Form 8-K information statement on the material agreement.

Outsourcing Strategy Webcast

China Crescent previously released an on-demand Webcast to present the Company's new outsourcing services strategy and the new services' benefits to customers, the Company and shareholders.

A link to the Webcast titled 'China Crescent Outsourcing Services Strategy Webcast (June 2, 2009)' is available on the Company's website under Webcasts at: [ http://www.newmarkettechnology.com/about-newmarket-china.htm ].

Corporate E-mail Updates

To be added to China Crescent's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to [ ir@chinacrescent.com ] or call 214-722-3065.

About China Crescent Enterprises, Inc. ([ http://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.