Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Releases 3rd Quarter Financial Report First Look Webcast to Review Record Net Income, Earnings per Share, and Suggested Fair Value Target Price per Share
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - November 20, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
has released a first look, on-demand Webcast to review the recently filed
third quarter 2009 financial results on SEC Form 10-Q.
The Company reported $30 million in revenue through the nine months ending
September 30, 2009 and a record net income of $1.8 million compared to
$517k in net income for the same period in 2008. The Company has
forecasted profitable revenue growth in 2009 compared to 2008. The Company
reported over $40 million in profitable revenue in 2008.
Today's Webcast is an initial review of the 3rd quarter results to include
a review of record net income, earnings per share, and the suggested fair
value target price per share, with further review scheduled to be released
on Monday. A link to the on-demand Webcast is now available on the
corporate website homepage www.chinacrescent.com titled 'China Crescent 3rd
Quarter First Look Webcast'.
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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.