China Crescent Enterprises, Inc. CEO and CFO to Conduct Webcast Today at 4:15 pm EDT on YTD Financial Performance

SOURCE:

China Crescent Enterprises, Inc.

2008-08-19 08:11:00

DALLAS, TX–(EMWNews – August 19, 2008) – China Crescent Enterprises, Inc. (OTCBB: CCSE)

CEO Paul K. Danner and CFO Philip J. Rauch are scheduled to conduct a

Webcast today at 4:15 PM EDT. The Webcast can be accessed at

http://www.investorcalendar.com/IC/CEPage.asp?ID=133303.

Management is scheduled to discuss recent company updates and year-to-date

financial performance, including highlights from the Company’s second

quarter results filed on SEC Form 10-Q filed last week. As part of the

results last week, the Company reported $19.2 million in revenue for the

first six months of 2008, reflecting an 11% increase in revenue over the

first six months of 2007. Notably, net income for the first six months of

2008 was $321 thousand compared to a loss of $22 thousand for the same

period last year. The Company’s forecasted revenue for 2008 is $50 million.


Q2 Financial Highlights



-- Revenue for 2nd quarter 2008 increased 5% from 2nd quarter 2007

   ($10.7m v. $10.2m)

-- Net income (before currency translation) for 2nd quarter 2008 was

   $265k compared to loss of $5k for 2nd  quarter 2007

-- Stockholders' equity increased 45% from same quarter last year

   ($3.7m v. $2.6m)

Further Information on China Crescent Enterprises

China Crescent is a U.S. corporation currently providing Information

Technology infrastructure in China to both the private and public sector.

The Company recently changed its name to better position itself in the

Chinese market, and a Fact Sheet on the Company’s updates and operations is

now available.

If you are interested in receiving a copy of the Fact Sheet, please email

or call China Crescent Investor Relations at ir@chinacrescent.com or

214-722-3065, with your full name, telephone number, e-mail address, city,

state and country.

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

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