China Crescent Enterprises, Inc. Anticipates $36 Million Aoyuan Electronic Contract to Close and Go in Service Next

DALLAS, TX, Oct 29 (MARKET WIRE) --
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the
recently announced pending contract with Aoyuan Electronic Co. ltd in
Dalian, China, for $36 million over three years, is anticipated to close
and go into service next month. CEO Paul Danner is scheduled to meet with
the client in China the week of November 9th for the purpose of
finalizing and executing the contract. Preparations to complete the
contract are underway and service is expected to start immediately.

The Company recently released an on-demand Webcast with CEO Paul Danner
to review record year to date sales growth and to review the Aoyuan deal
as a potential trigger of a milestone price per share increase. The
pending contract would be the second major outsourcing contract signed by
China Crescent this year, bringing the total long-term revenue value of
China Crescent's outsourcing contracts signed in 2009 to approximately
$66 million.

A link to the on-demand Webcast titled 'China Crescent Corporate Update
Webcast' is available at www.chinacrescent.com under Recent Webcasts.

Corporate E-mail Updates

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the Company, please visit www.chinacrescent.com.

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

China Crescent Enterprises, Inc. reported over $40 million in profitable
revenue in 2008. The Company 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
214-722-3060

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