Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Expands Operations Into Africa Targeting Kenya as East African Hub
Webcast Scheduled for Thursday, August 13th to Present Expansion Strategy in Kenya
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - August 11, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
has targeted Kenya as its next foreign market expansion opportunity. China
Crescent recently participated at the African Advanced Level
Telecommunications Institute (AFRALTI) WiMax Conference in Nairobi in
preparation to begin operations in Kenya. Kenya already has a fiber-optic
cable infrastructure in place throughout the country, and three submarine
cables under construction or currently coming on line. One cable connects
to Dubai, one to India and one to South Africa. With a population of
approximately 38 million people, Kenya only has approximately 3 million
Internet users today. The groundwork has already been laid for a rapid
increase in Internet penetration. China Crescent plans to position itself
to provide the necessary products and services to facilitate and profit
from the inevitable Internet usage demand growth and related government and
business technology needs in Kenya.
Shanghai Summit Webcast
Today's announcement follows the Company's recent management Shanghai
Summit meetings. The Company has released an on-demand Webcast with a
review of progress year-to-date and the outlook for the remainder of 2009.
The Webcast includes a discussion on the anticipated increase in both
revenue and net income and the expected increase in earnings per share in
2009. In 2008, the Company reported over $40 million in profitable revenue.
A link to the Webcast titled 'China Crescent Shanghai Summit Webcast
(August 6, 2009)' is available on the Company's website under Webcasts at
www.chinacrescent.com.
Recent Sales Growth
The Company recently announced the launch of a $30 million service contract
in China and expected revenue growth in the second half of 2009. Senior
Management was in Shanghai last week for the launch of the $30 million
contract signed with Beijing Chuangzhitongda Technology Development earlier
this year.
A link to the upcoming Webcast on China Crescent's strategy in Africa will
be available Thursday, August 13, 2009 on the Company's corporate website
www.chinacrescent.com.
Corporate E-mail Updates
To sign up to receive company updates or to obtain more information on the
Company, please visit www.chinacrescent.com.
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.