SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

February 01, 2011 15:59 ET

(CCTR) China Crescent and (NUBL) NuMobile Schedule Webcast to Present Update on Projects in Japan and Africa

DALLAS, TX--(Marketwire - February 1, 2011) - China Crescent Enterprises, Inc. (OTCBB: CCTR) and NuMobile, Inc. (OTCBB: NUBL), both members of the NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partnership Program, today announced a joint Webcast scheduled for next Tuesday, February 8 to provide an update on projects in Japan in Africa. China Crescent and NuMobile joined the Greenfield Program to gain valuable opportunities to promote cross-selling into additional geographic markets and provide expanded product and service offerings. To date, the Greenfield Program has already provided multiple partner opportunities resulting in sizeable contracts. A link to the Webcast will be posted upon release to China Crescent and NuMobile's websites and emailed to the respective corporate opt-in email databases.

$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 has 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:

NuMobile, China Crescent and fellow Greenfield partner 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.

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 NuMobile, Inc. (www.numobileinc.com)
 
NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.

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