SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

January 25, 2011 09:11 ET

China Crescent Announces Greenfield Partnership Program Videocast

DALLAS, TX--(Marketwire - January 25, 2011) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the Company has been featured in a NewMarket Technology, Inc.(PINKSHEETS: NWMT)(OTCQB: NWMT) Greenfield Partnership Program videocast. The videocast provides an overview of the current status and future plans for the Greenfield Partnership Program and a review of the current state of the small business market. In conjunction with the videocast, NewMarket has released eight 2-3 minute Webcasts expanding upon topics mentioned in the videocast. Webcast topics include:

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

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.'

Record 2010 Financial Performance
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 in 2009. 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.

2011 Systems Integration Continued Growth and PPS Appreciation Plan
China Crescent recently released a Webcast featuring its 2011 strategy to concentrate resources on the continued rapid expansion of its systems integration business and implement a plan to enable long-term price per share appreciation in conjunction with fundamental financial performance. The Webcast is available on the China Crescent website at www.chinacrescent.com or directly at http://tinyurl.com/CCTR1611.

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 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