Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. 2010 Strategy Kickoff Continues This Week in Singapore With Over $100 Million in Potential Contracts Earmarked So Far
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - January 25, 2010) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today announced the senior management 2010 strategy kickoff in Shanghai
announced last week continues this week in Singapore.
"The strategy kickoff started in Shanghai last week has yielded better than
expected results," said CEO Paul Danner. "Our theater manager, Dr. James
Jiang has done an excellent job in preparing China Crescent for exceptional
growth. We have reviewed over $100 million in potential contracts so far.
I commend Dr. Jiang for his exceptional efforts."
Management plans to conduct a review of the strategy kickoff in a Webcast
next week. Details regarding the Webcast will be released later this week.
China Crescent is a systems integration service provider in China that
markets technology outsourcing services that include the sale and service
of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and
Dell. China Crescent reported over $40 million in annual revenue in both
2007 and 2008, and recently reported $30 million in revenue through the
first nine months of the year ending September 30, 2009, with record net
income of $1.8 million.
2010 Virtual Town Hall Available Online
China Crescent released the Company's 2010 Virtual Town Hall last Friday,
January 22, 2010. In the Town Hall videocast presentation, China Crescent
CEO Paul K. Danner provides a review of the Company's 2009 performance and
successful launch of its Outsourcing Services including two substantial,
long-term contracts. Additionally, the presentation provides an overview of
recently announced plans to expand into new business lines, the acquisition
of a China Radio Technology Ltd subsidiary and the strategy to reach $100
million in 2010 revenue. A link to China Crescent's Virtual Town Hall is
available on the Company's corporate website, www.chinacrescent.com.
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About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent Enterprises, Inc. reported over $40 million in profitable
revenue in 2008. The Company is a technology leader in the rapidly
developing Chinese market specializing today in software engineering, high
quality software development and digital multimedia outsourcing services
delivered to customers globally. At the same time, the firm is a systems
integrator and value added reseller of major global hardware brands in the
Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China
Crescent bridges the gap between Western and Eastern business cultures to
assist Western clients in realizing the advantages of the high quality, low
cost technology products and services available from China. China Crescent
also assists Western 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.