Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. to Review Pending $36 Million Three-Year Service Contract in Dalian and Anticipated Record Annual Revenue in Exclusive Webcast Friday
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - December 9, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
has scheduled an exclusive Webcast for Friday, December 11, 2009. The
Webcast is slated to include an update on the pending service contract with
Aoyuan Electronic Co. Ltd in Dalian, China, for $36 million over three
years. The Webcast agenda also includes a review of the previously
announced pending acquisition of a China Radio Technology Ltd subsidiary
located in Shenzhen, China and a review of anticipated 4th quarter sales.
The China Radio subsidiary is anticipated to produce $20 million in annual
revenue in 2010.
China Crescent previously announced the Company anticipates sales in the
4th quarter of 2009 to exceed sales in each of the previous three quarters
of 2009. China Crescent 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. The Company's sales are historically seasonal with its
largest sales and profits usually occurring in the 4th quarter. Management
indicates that 4th quarter sales are anticipated to get an extra boost this
year from two previously announced potential transactions expected to close
this month.
A link to the Webcast is slated to be posted to the corporate website
www.chinacrescent.com upon release.
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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.