SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

November 09, 2010 11:00 ET

(CCTR) China Crescent Works Toward Objective of Doubling $45 Million 2009 Revenue in 2010 With Continued Rapid Growth in 2011

DALLAS, TX--(Marketwire - November 9, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) was featured in a Webcast presentation today on the Company's strategy to accelerate growth and increase profits by entering into the business process outsourcing (BPO) market in India. The Company entered into two new lines of business at the end of 2009, contributing to the Company's rapid revenue growth reported through the first two quarters of 2010. China Crescent reported nearly $32 million in revenue through the first six months of 2010 compared to approximately $17 million in revenue for the same period the previous year. The Company has previously announced its goal of reaching $100 million in annual revenue in 2010 and is continuing to strive towards that goal. The expansion into India's BPO marketplace is intended to fuel continued rapid revenue growth while improving the Company's profits in 2011.

The Webcast is currently available for on-demand review at http://tinyurl.com/35rmwry.

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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