Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. to Highlight $100 Million 2010 Revenue Goal After Announcing $36 Million Contract
Webcast Scheduled for Tomorrow, January 12th
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - January 11, 2010) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
plans to conduct an on-demand Webcast tomorrow, January 12th to discuss the
Company's $100 million 2010 revenue goal in conjunction with a review of
the recently announced three-year contract valued at $36 million to provide
information and telecommunication technology services to Aoyuan Electronic
Co. Ltd located in Dalian, China. The contract could contribute upwards of
$10 million to China Crescent's revenue in 2010. 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. 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.
A link to the on-demand Webcast will be posted to the Company's corporate
website upon release.
China Crescent Virtual Town Hall January 22, 2010
China Crescent plans to release a 2009 Virtual Town Hall on January 22,
2010. The Virtual Town Hall agenda includes a review of 2009, a preview of
the Company's plans for the year ahead and an outline of plans to evolve
the Company's growth strategy while adopting lessons learned.
The Virtual Town Hall is scheduled to be made available online to
interested viewers on their own schedule and from their own location.
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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.