SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

February 02, 2010 09:43 ET

China Crescent Enterprises, Inc. to Review Anticipated ODM Contract in China Valued at $100 Million or More in Friday Webcast

DALLAS, TX--(Marketwire - February 2, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company plans to review an anticipated original design manufacturing (ODM) contract that could exceed $100 million in total value in a previously scheduled Webcast this Friday, February 5, 2010. In the fourth quarter of 2009, China Crescent announced the acquisition of a communications product design company. This acquisition expanded China Crescent's business line from technology services into ODM. The Company anticipates potentially releasing a substantial ODM contract announcement within the coming weeks. More details on the potential contract are expected to be included in the exclusive on-demand Webcast presentation scheduled for this Friday, and a link to the Webcast is slated to 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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