China Crescent Enterprises IncOOTC CCTR Stock Report

China Crescent Enterprises, Inc. engages in the business of software engineering, software development, and digital multimedia outsourcing services. The company is headquartered in Dallas, Texas and currently employs 315 full-time employees. As of December 31, 2009, the majority of the Company’s sales have been information technology products and services sold within mainland China through its wholly owned foreign subsidiary, Clipper Technology, Ltd. (CLPTEC) located in Shanghai, China, and its majority owned subsidiary Clipper Huali, Ltd. (Clipper Huali) located in Ningbo, China. The firm is a majority owned subsidiary of NewMarket Technology, Inc. (NewMarket). In December 2009, it acquired 100% of Shenzhen Newbao Technology Co., Ltd. (Newbao), a wireless equipment manufacturer located in Shenzhen, China. Additionally, in December 2009, China Crescent acquired 100% of Dalian Aoyuan Electronic Technology Services Co., Ltd. (DAETS), a systems integration company, from Aoyuan Electronic Company, Ltd.