Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Reviews $36 Million Contract Contribution to $100 Million 2010 Revenue Objective in Exclusive Webcast Conducted by CEO Paul Danner
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - January 12, 2010) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today released an on-demand Webcast reviewing the Company's 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. Additionally, the Webcast
discusses the potential benefit of the Company's outsourcing services
offering toward the Company's $100 million 2010 revenue goal, the potential
for further growth in the Chinese domestic market and beyond and the
upcoming Virtual Town Hall.
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 Webcast titled 'China Crescent $36 Million Dalian Contract'
is now available under Recent Webcasts on the corporate website
at www.chinacrescent.com.
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.