Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. to Feature WiMAX, SmartPhone, Satellite Projects in Post Labor Day Update on $0.30 PPS Suggested Fair Value Target vs. Current $0.05
On-Demand Webcast Scheduled for Tuesday, September 8th
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - September 4, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
is scheduled to release a strategic corporate on-demand Webcast Tuesday,
September 8, 2009 on the Company's website to include a review of the
Company's suggested fair value target price per share of $.30. The webcast
will feature the Company's recently introduced communication technology
offerings to include the Satellite News Gathering Vehicle (SNG Vehicle),
and software solutions for smartphones and mobile computing.
China Crescent reported $17 million in revenue and an over 200% net income
increase to $1.1 million through the first six months of 2009. The Company
has forecasted profitable revenue growth to $50 million in 2009. The
Company reported over $40 million in profitable revenue in 2008. The
Company's sales are historically seasonal, increasing throughout the year
and usually reporting the largest sales and profits in the 4th quarter.
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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.