SOURCE: China Career Builder Corp.

May 03, 2007 14:38 ET

China Career Builder Corp CEO Releases Letter to Shareholders Describing Recent Accomplishments

HONG KONG -- (MARKET WIRE) -- May 3, 2007 -- China Career Builder Corp., ("The Company") (PINKSHEETS: CCBX) a Delaware Corporation, is focused on outsourcing human resource services and staffing services in Hong Kong, China. The company is pleased to release a letter to shareholders from President and CEO Mona Yim.

In the letter, Mona Yim summarizes the Company's recent accomplishments during the last few months of 2007 and cites key goals for the company in the coming months.

Letter to Shareholders:

Dear Shareholders:

These past few months have been very eventful ones for China Career Builder Corp., and I want to draw your attention to some key company milestones.

First, I would like to draw to your attention that the company has completed its reverse merger with Crescott Inc., a publicly traded company incorporated in the state of Delaware, and trading on the over-the-counter Pink Sheets. As a result of the reverse merger, the company changed its name from Crescott Inc. to China Career Builder Corp.

The National Association of Security Dealers (NASD), the regulatory organization responsible for the operation and regulation of the NASDAQ and OTC stock markets, published on November 16, 2006, the name change to China Career Builder Corp. and that it had issued CCBX as its trading symbol.

I would like also like to mention a few notable advancements by the company, which I believe will significantly bring additional value over time to the company. So far in 2007 we have acquired Asian Career Company Ltd (Hong Kong), a provider of outsourcing human resource and staffing services in Hong Kong, China. During last Five (5) months, Asian Career Company Ltd (Hong Kong) has signed Three (3) strategic agreements with the following companies:

1. Monster.com Asia Pacific Ltd, a division of Monster Worldwide Inc.

2. South China Morning Post, a newspaper division of SCMP Group

3. Jobs DB Hong Kong Ltd. a Interactive Recruitment Network And Asian Career Company Ltd has received its license approval from Hong Kong's Labor Department. The license is issued subject to the provisions of the Employment Ordinance (Chapter 57) and all regulations made there under. These achievements and others lead us to believe with each recognizable milestone we are continually raising the barrier to entry in our respective fields and distancing ourselves from our competition.

Going forward in 2007, the key activities for the company will be: 1) rapid growth through opening additional office(s) and additional acquisition(s), 2) expanding sales and marketing of its subsidiary proprietary products and services, 3) meeting all the necessary requirements to gain a listing on the OTCBB. The Board of Directors and I feel that filing these reports will give all of our shareholders a better and more in depth understanding of the company's historical progress and operational results that set the stage for our long-term business growth, and 4) the goal is to gain access to 5 to 10 million registered users by way of internal growth, acquisition(s) and continuous strategic alliances.

The company continues to move forward with great enthusiasm regarding the accomplishments of the company in the early part of 2007 and with tremendous and focused confidence in the company's near and long- term business strategy.

I look forward to providing you with further updates on our company's development in the coming months, as we continue with what looks to be a very exciting and promising year for the company and all of its shareholders.

Very truly yours,
 Mona Yim
President and CEO
China Career Builder Corp.
ABOUT THE COMPANY

China Career Builder Corp. (The Company) through its subsidiary Asian Career Company Ltd, provides outsourcing human resource services and staffing services in Hong Kong, China. The company provides recruitment services focusing on the professional, management, clerical, administrative, IT and industrial market. Its services include screening, recruiting, training, workforce deployment, loss prevention and safety training, pre-employment testing and assessment, background searches, compensation program design, customized personnel management reports, job profiling, description, application, turnover tracking and analysis, opinion surveys and follow-up analysis, exit interviews and follow-up analysis, and management development skills workshops. The company markets its recruitment services through a combination of direct sales, telemarketing, trade shows, and advertising. The company incorporated in Delaware, headquartered in Hong Kong, China. For further information please refer to the Company's website at www.ChinaCareerBuilder.com If you would like to receive regular updates on China Career Builder Corp. please send your email request to info@ChinaCareerBuilder.com or contact the company's Investor and Public relations at ir@ChinaCareerBuilder.com .

SAFE HARBOR STATEMENT

Certain of the statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward- looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Copyright © Hugin ASA 2007. All rights reserved.

Contact Information

  • CONTACT:

    China Career Builder Corp
    Mona W. Y. Yim
    852-3527-0661

    Investor and Public Relations
    Xara Group of Consultants Ltd.
    Nixon Lau
    302-261-2421