China Crescent Enterprises, Inc. Signs First Outsourcing Customer to Three Year Agreement Anticipated to Add $30 M in

DALLAS, TX, May 27 (MARKET WIRE) --
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a three
year outsourcing services agreement with Beijing Chuangzhitongda
Technology Development Co., Ltd. The three year agreement is expected to
add approximately $30 million in revenue to China Crescent's more than
$40 million in existing profitable annual sales.

China Crescent recently announced launching a technology outsourcing
offering. The new offering is part of the Company's overall strategy to
increase margins and the percentage of its overall revenue generated from
recurring contracts. Beijing Chuangzhitongda Technology Development is
China Crescent's first outsourcing customer. China Crescent anticipates
engaging additional outsourcing customers over the course of the year.

The initiation of outsourcing services under the agreement announced today
is expected to commence within the current fiscal quarter. The agreement
announced today is a general agreement outlining the overall terms and
conditions of the outsourcing services. Complete details of the agreement
will encompass a series of supporting contracts and the anticipated $30
million in contract revenue is expected to be earned over the three year
contract period.

First Quarter 2009 Results

Last week, China Crescent filed SEC Form 10-Q reporting the Company's
performance for the first three months of 2009. Notably, net income
increased 15% for the first three months of 2009, $112,000 compared to
$97,000 for the same period last year. Management anticipates continued
revenue and net income growth throughout 2009 to exceed the overall
revenue and net income reported in 2008.

The Company reported an overall increase in revenue and net income in 2008
compared to 2007. With the net income increase in the first quarter of
2009, management is optimistic that the Company will continue to not only
weather the global economic challenges, but continue to realize organic
growth in spite of the challenges. The Company's sales are historically
seasonal, increasing throughout the year and usually reporting the largest
sales and profits in the 4th quarter. Management believes the decrease in
first quarter sales compared to the previous period can be attributed to
the overall economic slowdown and can be offset by the anticipated
increase in sales throughout the year.

Additional Financial Highlights

-- Net income (before currency translation) for 1st quarter 2009 was
$112k compared to $97k for 1st quarter 2008
-- Revenue for 1st quarter 2009 decreased 13% from 1st quarter 2008
($7.4m v. $8.5m)
-- Stockholders' equity increased 54% from same quarter last year ($5m v.
$3.3m)
-- Working capital increased 54% from same quarter last year ($6.9m v.
4.5m)
-- Cash increased 213% from same quarter last year (2.2m v. 701k)
-- Total Assets increased 31% from the same quarter last year ($11m v.
$8.4m)
-- Cost of Sales decreased 13% from the same quarter last year ($7m v.
$8m)
-- Operation expenses decreased 23% from the same quarter last year (215k
v. 281k)

First Quarter 2009 Financial Webcast

A Webcast is now available for review on the Company website. A link to
the Webcast titled 'China Crescent 1st Quarter 2009 Review Webcast (May
22, 2009)' is available on the Company website under Webcasts at:
http://www.newmarkettechnology.com/about-newmarket-china.htm.

For assistance accessing or listening to the Webcast, please email
ir@chinacrescent.com or call 214-722-3065

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

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