China Crescent Ent. Inc (fka CCTR)

[gambinilive]

Just found this, might have already been posted.

DALLAS, TX- August 20, 2009 - China Crescent Enterprises, Inc. (OTCBB:CCTR) has filed its second quarter 2009 financial results on SEC Form 10-Q.

The Company reported $17 million in revenue and an over 200% net income increase to $1.1 million through the first six months of 2009. The Company has forecasted profitable revenue growth in 2009 compared to 2008. The first six months results beat management expectations. The Company's financial performance is ahead of the pace anticipated by management as necessary to meet year end revenue and net income growth objectives. The Company reported over $40 million in profitable revenue in 2008.

Webcast to Review Q2'09 Results, 2009 Outlook and $0.30 PPS Target PPS

China Crescent is scheduled to review the Company's second quarter 2009 financial performance in an on-demand Webcast tomorrow, August 21. The Webcast will include an update on Management's optimistic outlook on the Company's 2009 forecasted revenue and net income growth in light of the Q2 results and the recently announced sales contracts. The Webcast will also include a review of the $0.30 fair value target pps and the ongoing potential short squeeze. A link to the Webcast will be available tomorrow on the Company's corporate website www.chinacrescent.com.

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. (http://www.chinacrescent.com/)