OLB Group Inc (OLB)

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China Crescent Enterprises, Inc. to Preview Anticipated Favorable 3rd Quarter Financial Performance With $30 Million Outsourcing Contract Going Into Service


DALLAS, TEXAS - August 27, 2009 -China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the Company is scheduled to preview its anticipated favorable third quarter performance in an on-demand Webcast Wednesday, September 2, 2009. The Webcast will address the impact of the Company's recently announced $30 million outsourcing contract with Shanghai-based Beijing Chuangzhitongda Technology Development going into service. A link to the Webcast is scheduled to be available on the Company's website Wednesday, September 2nd.
$1.1 Million Net Income and $17 Million Revenue First Six Months '09

China Crescent 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, in which the Company reported over $40 million in profitable revenue.


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