Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Announces CEO Report on Anticipated $20 Million Acquisition
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - November 11, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
is scheduled to release a Webcast tomorrow, November 12th , to present more
information on the Company's recently announced acquisition plans. Last
week, China Crescent announced a letter of intent to acquire a China Radio
Technology Ltd subsidiary in Shenzhen. China Radio, a Hong Kong-registered
company, is a mobile communication hardware and software company that
develops and manufactures products for sale in China. The China Radio
subsidiary is anticipated to produce $20 million in annual revenue. Paul
Danner, the CEO of China Crescent, is in China this week to develop the
current terms of the non-binding letter of intent into finalized
acquisition terms for a transaction expected before year end. A link to
the Webcast is scheduled to be posted to the corporate website
www.chinacrescent.com under 'Recent
Webcasts' upon release.
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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.