Financial Report Highlights Balance Sheet: -- Cash position up 75% over prior year ($2.6 m v. $1.5 m) -- Total assets up 44% over prior year ($10.3 m v. $7.2 m) -- Stockholders' equity up 74% from year-end 2007 ($4.5 m v. $2.6 m) Statement of Operations: -- Revenue for 2008 up 5% from 2007 ($41.8 m v. $40.0 m) -- Gross profit for 2008 up 30% from 2007 ($2.3 m v. $1.8 m) -- Net income (before currency translation) for 2008 up 46% from 2007 ($638 k v. $438 k)Management Webcast Scheduled for Friday, April 3 China Crescent management is scheduled to conduct a Webcast Friday, April 3, 2009 to review the Company's 2008 annual financial report. During the Webcast, management plans to review the Company's 2008 financial results and expectations for 2009, including the Company's Greenfield expansion strategy and active merger and acquisition campaign. Additionally, management will review plans to continue sustained growth and margin improvements within the ongoing global financial crisis. The Webcast will be available for viewing on demand, and a link for accessing the Webcast will be available on the Company's corporate website on April 3rd. 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. 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