Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Releases 2010 Virtual Town Hall Videocast Featuring 150% Growth Objective to $100 Million in Revenue After Reporting Record Profits for Two Previous Quarters
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - January 22, 2010) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today released the Company's 2010 Virtual Town Hall. In the Town Hall
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 now available on the
Company's corporate website, www.chinacrescent.com.
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.
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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.