China Crescent Enterprises, Inc. Announces Webcast on Acquisition Opportunity That Could Increase Current $40 Million

DALLAS, TX, Nov 12 (MARKET WIRE) --
China Crescent Enterprises, Inc. (OTCBB: CCTR) today released an
on-demand Webcast presentation featuring CEO Paul Danner and reviewing
more information on the Company's recently announced acquisition plans.
Last week, China Crescent announced a letter of intent to acquire a China
Radio Technology Ltd subsidiary in Shenzhen. China Radio Technology Ltd,
a Hong Kong-registered company, is a mobile communication hardware and
software company that develops and manufactures products for sale in
China. The subsidiary, which China Crescent plans to acquire from China
Radio, is anticipated to produce $20 million in annual revenue. China
Crescent currently generates approximately $40 million in annual revenue,
and the contemplated acquisition could increase annual revenue in 2010 by
approximately fifty percent while increasing China Crescent's product
offerings in the growing mobile technology industry and expanding the
Company's geographical footprint in China.

Shenzhen is located north of Hong Kong in the Guangdong province.
According to Wikipedia, Shenzhen is considered one of the fastest growing
cities in the world and is home to the headquarters of several high-tech
companies. Shenzhen is also considered the major financial center in
Southern China, having the Shenzhen Stock Exchange and the recently
launched ChiNext exchange. Shenzhen is also a major port and, in 2007, was
ranked the 4th busiest port in the world for container traffic.

A link to the Webcast is now available at the corporate website
www.chinacrescent.com under 'Recent Webcasts' titled 'China Crescent -
China Radio Technology Ltd'.

Corporate E-mail Updates

To sign up to receive company updates or to obtain more information on 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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