SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

February 03, 2010 10:24 ET

China Crescent Enterprises, Inc. Anticipates More Than $100 Million in New Contracts in First Quarter 2010

DALLAS, TX--(Marketwire - February 3, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled an on-demand Webcast presentation for release tomorrow, February 4th, to present a strategic update for 2010. The scheduled Webcast is also expected to feature an overview of $100 million in new contracts anticipated to be signed during the first quarter of 2010. The average term of the anticipated contracts is three years, and revenue from the contracts would be recognized over an average three-year term. Additionally, the Webcast agenda includes the Company's previously announced $100 million profitable revenue objective and an introduction of the new CEO who has been promoted from within the China Crescent ranks. The Webcast is slated to be introduced by Former Dallas Federal Reserve Chairman, Retired Major General Hugh Robinson, the latest addition to the China Crescent Board of Directors. A link to the Webcast will be published to the corporate Website under 'Recent Webcasts' upon release.

2010 Virtual Town Hall Available Online

Separately, China Crescent released the Company's 2010 Virtual Town Hall January 22, 2010 which is now available on the corporate website 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 the communications product design company and the strategy to reach $100 million in 2010 revenue.

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About China Crescent Enterprises, Inc. (

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 recent strategic acquisition, the Company has expanded its business line to include original design manufacturing (ODM). China Crescent reported over $40 million in profitable revenue in 2008. The Company has reported record profits through the first 9 months of 2009 and anticipates reporting record profit in the 2009 annual report. Management 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.


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.

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