China Crescent Enterprises, Inc. Announces Webcast to Review $7.4 M in Profitable 1st QTR 2009 Revenue, $0.30 PPS Suggested Fair Value Target and Reg SHO Buy-In Potential

DALLAS, TX--(Marketwire - May 21, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the Company will release an on-demand Webcast Friday, May 22nd to review the Company's profitable first quarter 2009 financial results. The Webcast will include a review of the Company's recently announced suggested fair value target price of $0.30 per share and the anticipated potential buy-in that could result from the Company's ongoing listing on the Regulation SHO threshold security list.

15% Net Income Increase in 1st QTR 2009 Financial Report on $7.4 Million in Revenue

Earlier today the Company announced filing SEC Form 10-Q reporting its performance for the first three months of 2009, featuring a 15% increase in net income compared to the same period in the previous year. Management anticipates continued revenue and net income growth throughout 2009 to exceed the overall revenue and net income reported in 2008.

http://finance.yahoo.com/news/China-Crescent-Enterprises-iw-15316038.html

Suggested Fair Value Target Price of $0.30 Per Share

Last week, the Company conducted an on-demand Webcast to review a suggested fair value target PPS of $0.30. The fair value target price suggestion is based on the share price of comparable publicly listed companies. The Webcast includes a list of the other companies and their respective share price performance

The Webcast is now available for review on the Company website. A link to the Webcast titled 'China Crescent CCTR Ticker and PPS Growth Strategy (May 13, 2009)' is available on the Company website under Current Events and Communications at: http://www.newmarkettechnology.com/about-newmarket-china.htm.

Continued Listing on Regulation SHO Threshold List and Potential Buy-In

Earlier this week the Company released an on-demand Webcast reviewing the Regulation SHO Threshold List and management's perspective on the role of short selling as it pertains to the public micro-cap market. The Webcast also reviews the potential impact of the Regulation SHO threshold security listing on the China Crescent common share price. The price per share (PPS) increased more than 39% with a high volume of trading on Friday, May 15, following the Company's first announcement of listing on the Regulation SHO threshold list on Thursday, May 14, 2009. The Company remains listed on the "threshold security" list as of the close of trading yesterday, Wednesday, May 20th. Management continues to anticipate a possible buy-in that could result in an increased share price.

The Webcast is available for review on the Company website. A link to the Webcast titled 'Regulation SHO Threshold List Webcast (May 20, 2009)' is available on the Company website under Webcasts at: http://www.newmarkettechnology.com/about-newmarket-china.htm.

The Webcast scheduled for tomorrow will be available for viewing on-demand. A link for accessing the Webcast will be available on the Company's corporate website on May 22nd.

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.

Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065