China Crescent (CCTR) Targets Microchip Manufacturing Acquisition to Expand and Diversify Plan to Achieve $100 Million 2010 Revenue Objective

DALLAS, TX--(Marketwire - April 27, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that management has been developing an opportunity to acquire an integrated circuit (microchip) manufacturing operation in China. The Company recently diversified into the original design manufacturing (ODM) business, and management considers the acquisition of a microchip manufacturing operation a logical and complementary addition. Recently, China Crescent announced a $1.6 million ODM purchase order as part of a $160 million letter of intent that is subject to the performance of the initial order. Management plans to be prepared to manufacture the integrated circuit components for the potential $160 million contract with its own resources by executing on a microchip manufacturing acquisition prior to the production phase of the contract.

China Crescent plans to release a Webcast later today on the Company's plans to diversify its systems integration operations and expand sales outside of China. The Webcast will include a review of the recently announced Greenfield Program Partnership revenue outlook for $200 million in potential revenue in 2010. Greenfield Partners working with China Crescent in China include NuMobile, Inc. (OTCBB: NUBL) and Nova Energy, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE). Additionally, the Webcast is slated to provide a status update on the Wi-Fi equipment order in conjunction with a $1.6 million purchase order. Finally, the presentation is scheduled to provide an update on China Crescent's $100 million profitable revenue outlook for 2010, 2009 success and recent independent analyst 'speculative buy' recommendation. A link to the Webcast will be published upon release at www.chinacrescent.com and emailed to the China Crescent corporate email database.

Independent Analyst 'Speculative Buy'

China Crescent recently released an analyst report from Prime Equity Research (PER) with a 'speculative buy' rating. The independent analyst report provides a description of the China Crescent investment opportunity and a summary of the Company's growth strategy and associated risk factors. Additionally, the report provides analysis of China Crescent's business expansion to provide services beyond systems integration, including outsourcing services and original design manufacturing (ODM). The independent analyst with PER is a Certified Financial Analyst (CFA) in accordance with the CFA Institute Code of Ethics and Standards for Professional Conduct. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott. China Crescent engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research.

To review a copy of the initial report, please visit the China Crescent corporate website at www.chinacrescent.com 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.

"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
214-722-3060