SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

December 28, 2010 09:56 ET

(CCTR) China Crescent to Present Bold 2011 Plan on Heels of Strong 2010 Expansion With Reported 67% Revenue Growth Through the First Nine Months of 2010 and an Increasing Bottom Line

DALLAS, TX--(Marketwire - December 28, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled a Webcast presentation for January 6th to discuss its aggressive plans for 2011 and review the Company's strong operational performance in 2010. China Crescent recently reported $50.9 million in revenue through the first nine months of 2010, compared to $30.3 million for the same period in 2009, a 67% increase. Additionally, the Company's net income for the first nine months of 2010 was $3.3 million, up from $1.9 million for the same period last year. China Crescent's revenue and net income through the first three quarters of 2010 has exceeded the Company's 2009 annual revenue and net income results. China Crescent achieved $45.6 million in 2009 annual revenue with $2.2 million in net income.

After a year of substantial growth and expansion in 2010, management plans to pursue a listing on a NYSE Euronext platform in 2011 as part of a broader overall NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partner national exchange listing strategy. Additionally, China Crescent plans to spin off one of its subsidiary operations in China through a transaction that would include distribution of stock in the subsidiary operation to China Crescent shareholders. China Crescent management is planning for another year of aggressive revenue and net income growth. More details on the Company's plans for 2011 will be presented in the Webcast scheduled for release on January 6th. A link to the Webcast will be posted to the China Crescent website www.chinacrescent.com and emailed to the China Crescent opt-in email database upon release.

The OTC(BB) Factor Webcast
China Crescent has been featured in a Greenfield Partnership Program Webcast available for on-demand review now at http://tinyurl.com/GFWebcast1221. The Webcast, titled 'The OTC(BB) Factor -- A Different Perspective On Achieving An ROI' discusses the different types of companies quoted on the over-the-counter market while suggesting different investment expectations associated with each type and suggesting specific strategies to achieve investment expectations. China Crescent is a NewMarket Technology Greenfield Partnership Program participant.

China Crescent Letter to Shareholders
China Crescent recently released a letter to shareholders in advance of the Greenfield Webcast (http://tinyurl.com/CCTRLTS). The letter reviews China Crescent's operational successes in 2010 and highlights potential operational successes anticipated in 2011 that could trigger future return on investment opportunities. The letter also reviews the Small Equity Initiative and its participation in the recent Economist Magazine's World in 2011 Festival that included President Clinton and the Clinton Foundation and in the United Nations International Strategy for Disaster Reduction (UNISDR).

Sign Up to Receive Regular China Crescent Investor Updates
China Crescent sends email updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage (www.chinacrescent.com). Recipients can manage their own email contact profile and unsubscribe at any time.

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 and has set a goal of reaching $100 million in revenue in 2010. Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, 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. China Crescent also assists 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.

Contact Information

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