Those Crest bikes were mostly just regular old SR500's with Shimano 105, a white paint job and some graphics. I think there were maybe 150-250 of them all in.
Not sure how many actual 'team' bikes there were in that livery but doubt that particular example was ever raced.
Good possibility that the red paint on the top tube and seat cluster is hiding a repair job. At least the person who did that matched up the cable color to the frameset and grips.
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Hard at work in the Secret Underground Laboratory...