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China Crescent Enterprises, Inc. Plans for 28% Growth With Launch of WiMAX Broadband Wireless Internet Access and Voice Service in Kenya

9/22/09 - Earlier this year, China Crescent Enterprises, Inc. (OTCBB: CCTR) announced launching a smartphone and mobile computing offering in China through a partnership with NuMobile, Inc. China Crescent recently announced plans for expansion into Africa and will partner with NuMobile during this expansion effort.

Broadband adoption in Africa is expected to experience 28% growth annually through 2013 as undersea cables come online. Kenya, China Crescent's first target in Africa, has one submarine cable in place with two additional cables expected by 2011.

The expanded capacity for broadband in Africa is expected to reduce costs by nearly 75%, making broadband affordable to end-users. Africa's current broadband system relies heavily on satellite for broadband communication, which typically costs about 20 times more than broadband offerings in the U.S. A recent report by Pyramid Research stated, ""By early 2011, we expect that more than half of all African markets will have 3G, while broadband coverage is increasing daily via both wireless and wireline technologies."

China Crescent is scheduled to present on its business and corporate growth strategies in Dallas, Texas on Thursday, September 24th. The presentation is scheduled to include further discussion on the Company's growth over the past few years to over $40 million in annual revenue and plans to reach $50 million in annual revenue by year-end.

The main purpose of the presentation will be to detail China Crescent's plans for East Africa and the recently announced Trade Mission to Kenya. China Crescent has targeted Kenya as its next foreign market expansion opportunity. C

China Crescent recently participated at the African Advanced Level Telecommunications Institute (AFRALTI) WiMAX Conference in Nairobi in preparation to begin operations in Kenya. Kenya already has a fiber-optic cable infrastructure in place throughout the country, and three submarine cables under construction or currently coming on line.

By Robert Hoskins

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