(CCTR) China Crescent Announces 'Speculative Buy' to $0.05 Target PPS and $100 Million Annual Revenue Objective Progress Update Presentation Scheduled Friday, July 30th

DALLAS, TX--(Marketwire - July 28, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a corporate Webcast update presentation scheduled for this Friday, July 30th. Yesterday, China Crescent announced a significant contract to provide proprietary GPS tracking devices in East Africa (news: http://tinyurl.com/23ysrg5). The Webcast will include more detail on the GPS contract in addition to providing additional updates on further pending contracts and acquisitions. The Webcast presentation will also review the recent Prime Equity Research 'Speculative Buy' rating and $0.0516 Target PPS in addition to providing an update on the Company's progress toward its $100 million annual revenue objective. A link to the Webcast will be posted to the corporate website www.chinacrescent.com upon release.

PER Research Report update with Reiterated 'Speculative Buy' Rating and Target PPS of $0.0516

To review a copy of the PER initial research report or the recently issued update, please visit the China Crescent corporate website at www.chinacrescent.com under Investor Relations or the Prime Equity Research website at www.primeequityresearch.com.

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

China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. Following a strategic acquisition last year, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008 and has set a goal of reaching $100 million in revenue in 2010.

Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.

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.

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China Crescent Enterprises, Inc.