SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

January 25, 2011 14:21 ET

(CCTR) China Crescent Announces Web Presentation on Small Business Stakeholder Cooperation to Include Overview on Speculative Investing of Discretionary Income

DALLAS, TX--(Marketwire - January 25, 2011) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced they have been featured in a Web presentation from the Greenfield Partnership Program intended to appeal to small and medium business (SMB) stakeholders to include business owners, investors, managers and employees. The video and eight Webcast presentations cover a range of topics important to small business stakeholders:

  • Emergency Economic Stabilization Act/TARP
  • Social Media
  • Discretionary Income
  • Speculation
  • FINRA & OTC
  • Operation Broken Trust
  • Importance of small business to the economy

The Greenfield Partnership Program was started to facilitate SMB's from around the world in coming together in a practical and unified effort to address the economic resource inequities facing the SMB sector in both domestic and global markets. The practical Greenfield approach is intended to have a real and timely positive expansion and growth impact for Greenfield partners in addition to effecting long range changes for the SMB sector overall. Greenfield partners are benefiting today by combining forces while raising funds, participating in cooperative sales and marketing campaigns and sharing back office resources. China Crescent Greenfield partner success stories include:

South American Telecommunications Equipment

China Crescent recently announced a third shipment of telecommunications equipment to a Greenfield partner in South America. NewMarket Greenfield partners in South America and China coordinated resources following a Shanghai conference last year to sign a telecommunications contract anticipated to generate approximately $1.2 million in revenue over a 12 month contract period.

$160 Million LOI in Japan

Last year, China Crescent entered into a formal letter of intent (LOI) agreement with an undisclosed Japanese firm to develop and provide 10,000 custom Wi-Fi devices. In conjunction with the LOI, the Japanese firm placed a $1.6 million purchase order for 100 sets of the device in order to conduct a pilot test. NuMobile, Inc. (OTCBB: NUBL) was been selected by China Crescent to provide a key proprietary software component for the special purpose Wi-Fi communication device. The Japanese customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million over the next three years, subject to the performance of the first 100 sets.

East Africa Expansion:

Separately, NuMobile, China Crescent and Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) have partnered to build a wireless broadband network in Nairobi, Kenya. The broadband network is intended to provide a wireless meter reading capability to local utility companies. After successful completion of the testing phase, the wireless broadband project is expected to expand throughout Nairobi, followed by expansion to additional cities and countries throughout East Africa.

The video and Webcasts, which are collectively titled, 'NewMarket Technology & The Greenfield Partnership Program Videocast (January 2011)' are now available for on-demand viewing by going to www.chinacrescent.com and clicking on 'Webcasts.'

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About NewMarket Greenfield Partnership Program
NewMarket launched the Greenfield Program last year to facilitate the start-up and early stage development of high-growth potential businesses. The Greenfield Program concentrates on early stage, rapid growth opportunities in the world's emerging markets, with program participants in China, Southeast Asia, South and Central America and East Africa, in addition to a handful of program participants in North America.

Follow the Greenfield Partnership Program on Facebook at: http://tinyurl.com/greenfieldpp and on Twitter at http://twitter.com/greenfieldpp.

About China Crescent Enterprises, Inc. (www.chinacrescent.com)
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, Cisco, IBM, HP and Dell. Following a strategic acquisition last year, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008. Headquartered in Dallas with operations in China, 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.

"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.

Contact Information

  • Contact:
    China Crescent Enterprises, Inc.
    Email Contact
    214-722-3060