Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Announces Security Software and Service for Chinese Mobile Service Provider Market
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - June 16, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
announces a security software and service for the Chinese mobile service
provider market. China Crescent will partner with Stonewall Networks to
localize Stonewall's proprietary mobile security software for the Chinese
market in addition to marketing Stonewall's products and services in China.
Products from Stonewall Networks (www.stonewallnetworks.com) provide a
security backbone for diverse mobile applications to include payment
systems, healthcare systems and regulatory compliance systems. Stonewall
Networks has developed a proprietary software solution for mobile network
security, including an innovative security policy management product for
enterprise customers.
Recent CCTR Webcast Update - $30 Million Contract and $0.30 Fair Value
Target PPS
China Crescent recently released an on-demand Webcast and a letter to
shareholders providing a corporate update. Specifically, the Webcast and
shareholder letter address the Company's recent financial performance,
outsourcing services to include a recent $30 million contract, fair value
target PPS of $0.30 and an overview of the micro-cap public market.
The letter is available in its entirety at:
http://finance.yahoo.com/news/China-Crescent-Enterprises-iw-15510591.html.
A link to the Webcast titled 'China Crescent Corporate Update Webcast (June
12, 2009)' is available on the Company's website under Webcasts at:
http://www.newmarkettechnology.com/about-newmarket-china.htm.
Corporate E-mail Updates
To be added to China Crescent's e-mail database to receive company updates
or to obtain more information on the Company, please send an e-mail to
ir@chinacrescent.com or call 214-722-3065.
About China Crescent Enterprises, Inc. (http://www.chinacrescent.com/)
China Crescent Enterprises, Inc. reported over $40 million in profitable
Revenue in 2008. The Company is a technology leader in the rapidly
developing Chinese market specializing today in software engineering, high
quality software development and digital multimedia outsourcing services
delivered to customers globally. At the same time, the firm is a systems
integrator and value added reseller of major global hardware brands in the
Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China
Crescent bridges the gap between Western and Eastern business cultures to
assist Western clients in realizing the advantages of the high quality, low
cost technology products and services available from China. China Crescent
also assists Western 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.