DALLAS, TX--(Marketwire - May 6, 2010) - China Crescent Enterprises, Inc. (
The presentation on Monday will be conducted by The Small Equity Initiative (SEI). SEI is a not-for-profit organization established by the founders of NewMarket Technology, Inc. and China Crescent to coordinate education, advocacy and activism to improve the capital markets for both small business entrepreneurs and investors. The presentation will also include more detail from SEI on investing strategies specific to small, start-up and early stage businesses listed on the over-the-counter markets. A link to the Webcast will be published at www.smallequity.com upon release on Monday and emailed to the SEI opt-in database. To sign up to receive SEI updates, go to www.smallequity.com to register.
The following is a brief overview of the SEI perspective on small business investing:
Small business investing is significantly different than big business investing, but the industry experts, analysts, investment and commercial bankers put a big business assessment template on the small business sector. That big business template distorts the fact that the small business sector is the biggest contributor to global employment and gross domestic product and that somewhere within that employment and gross domestic contribution is probably a good, if not great, return on investment opportunity.
Most small businesses do not sustain operations beyond three years. Keep in mind however, that the small business sector accounts for the majority of global employment and the majority of the global gross domestic product. What does that tell you? It tells you that entrepreneurs don't just start one business in their lifetime, but multiple businesses. As one small business reaches the end of its lifecycle, the founding entrepreneur starts a new business and probably hires many of the same employees working as his last business. To realize a return on a small business investment, the investment horizon should likely be less than the three year statistical life expectancy of most small businesses. While most small businesses will not sustain beyond three years, many will at least realize some profitable milestone achievements within their three year lifecycle that have the potential to deliver a return to the investors that funded the start-up or one of the initiatives that led to a milestone achievement following the start-up.
Founder to Review Evolving Business Plan
China Crescent plans to release a Webcast Friday, May 7th conducted by Founder Philip Verges to review the Company's evolving business plan, to include a preview of the Company's anticipated next acquisition. Earlier this year, China Crescent embarked on a major next step in the Company's ongoing development to build to a goal of achieving $100 million in profitable annual revenue for fiscal year 2010. As part of that plan, Dr. James Jiang was made the Company's new Chief Executive Officer. The plan was initiated last year when China Crescent introduced its new Outsourcing Services business line which contributed to the Company achieving a record $45 million in annual revenue for 2009 with over $2 million in net income. A link to the Friday Webcast will be posted to the Company's website, www.chinacrescent.com, upon release.
Sign Up to Receive Regular China Crescent Investor Updates
China Crescent sends regular email updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage (www.chinacrescent.com). Recipients can manage their own email contact profile and safely unsubscribe at any time.
About The Small Equity Initiative (www.smallequity.com)
Small Equity Initiative is a not-for-profit organization dedicated to improving the opportunity for self-directed retail investors to profit from over-the-counter investments and for entrepreneurs to gain better access to capital for their business plans. The Small Equity Initiative (SEI) plans to build a community for small business investors and entrepreneurs aimed at improving the collective understanding of how the over-the-counter market really works today and how it can be improved in the future. SEI is based in the U.S. but serves the global small business community.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. Following a strategic acquisition last year, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008 and has set a goal of reaching $100 million in revenue in 2010.
Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause China Crescent's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact Information:
Contact:
China Crescent Enterprises, Inc.
ir@chinacrescent.com
214-722-3060