Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
At Lunchtime Dallas Presentation, China Crescent Enterprises, Inc. Announced Plans to Increase 2009 Forecast Following Anticipated Record Results in 3rd Qtr. Financial Report
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - September 24, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today, at a lunchtime presentation in Dallas, announced plans to increase
the Company's 2009 revenue forecast following the completion of its
upcoming 3rd quarter financial report. The Company reported $17 million in
revenue and a record net income of $1.1 million for the first six months of
2009. Net Income increased over 200% from the same period the previous
year. With $45 million in recently announced outsourcing contracts or
pending contracts, the Company is on track to achieve or exceed its
forecasted $50 million in profitable revenue for 2009. China Crescent
anticipates reporting record results for the third quarter following a
$30 million contract going into service within the third quarter.
Lunch Presentation in Dallas Today
China Crescent conducted a complimentary lunchtime presentation on its
business and corporate growth strategies in Dallas, Texas today at 12 pm
CDT. An overview of the presentation will be included in a press release
tomorrow.
Corporate E-mail Updates
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Company, please visit www.chinacrescent.com.
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.