Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Forecasts $50 Million in Revenue and Anticipates Record Profit in 2009
Webcast Detailing Forecast and Profit Now Available on Corporate Website
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - September 2, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
has forecasted $50 million in profitable revenue for 2009 based on the
Company's success year-to-date with larger, longer-term contracts. For the
first six months of the year, China Crescent reported record profits of
$1.1 million in net income and $17 million in revenue. Last year, the
Company reported over $40 million in profitable revenue. The Webcast
further discusses recent events such as its planned expansion into the
emerging markets of East Africa, its recent partnership with NuMobile, a
smartphone and mobility software company, its recent Hong Kong contract and
$30 million in new business.
A link to today's Webcast titled 'China Crescent $50 Million Forecast
Webcast' is now available on the Company's corporate website under Recent
Webcasts at 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. (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.