Micros Report Updates China Crescent Enterprises, Inc. Research Report Highlighting Fair Value Target Price of $0.55 vs. Recent Close of $.01

DALLAS, TX--(Marketwire - September 19, 2008) - China Crescent Enterprises, Inc. (OTCBB: CCSE) announces a research report update from Micros Report. Michael Willingham, Micros Report Director of Research, initiated research coverage and published his first report on China Crescent in December 2007. China Crescent is a software and hardware provider based in North America with the majority of its operations in mainland China.

Mr. Willingham stated in his recent update, "For 2008, the Company has forecast $50 million in sales which if achieved would result in a 25% growth rate during a year where the Dow Jones Industrial Average has seen a 25% decrease from its peak."

Fair Value Target Price of $0.55

The report goes on to assign a Fair Value Target price for China Crescent stock of $0.55 per share, stating:

-- "The Company's core business will complete its fourth year of operations in December of 2008, and has grown revenue from zero, to $29 million in 2006, $40 million in 2007 and has forecast $50 million for 2008."

-- "The Company now has 7 quarters of independent reporting under its belt, and has been profitable in the last four consecutive quarters. In addition, they now have two quarters with year on year comparable data that demonstrates improved gross, operating, and net margins. This Company is growing, maturing and becoming more efficient."

-- "China has the fastest growing large economy in the world, and is growing approximately three times as fast as the U.S.... 2Q U.S. GDP grew at an annual rate of 3.3% vs. 10.1% for China."

-- "The Company has established a broad base of domestic Chinese customers including government, military, private business and retail buyers."

Interested parties may contact ir@chinacrescent.com to receive a copy of the report.

Please see important disclosures at the end of the report.

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 Micros Report

Micros Report is an investment research company providing qualitative and quantitative analysis of the small cap investment universe. Director of Research Michael Willingham provides the necessary information to trade intelligently in the small-cap market. Mike has a background in professional money management and has passed the required tests to be recognized by the NASD as a Supervisory Research Analyst. He brings this investment know-how to his audience every trading day.

About China Crescent Enterprises, Inc. (www.chinacrescent.com)

China Crescent Enterprises, Inc. 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.

Contact Information: Contact: China Crescent Enterprises, Inc. Investor Relations 214-722-3065 ir@chinacrescent.com http://www.chinacrescent.com