DALLAS, TX--(Marketwire - January 29, 2010) - China Crescent Enterprises, Inc. (
OTCBB:
CCTR)
has scheduled an on-demand Webcast for Thursday, February 4, 2010 to present
the Company's 2010 sales pipeline and strategic updates to support a $100
million profitable revenue objective. The Webcast agenda includes the
introduction of a New CEO promoted from within the China Crescent ranks. The
Webcast will be introduced by Former Dallas Federal Reserve Chairman,
Retired Major General Hugh Robinson, the latest addition to the China
Crescent Board of Directors effective February 1st, 2010.
2010 Virtual Town Hall Available Online
Separately, China Crescent released the Company's 2010 Virtual Town Hall
last Friday, January 22, 2010 which is now available on the corporate
website
www.chinacrescent.com. In the
Town Hall videocast presentation, China Crescent CEO Paul K. Danner provides
a review of the Company's 2009 performance and successful launch of its
Outsourcing Services including two substantial, long-term contracts.
Additionally, the presentation provides an overview of recently announced
plans to expand into new business lines, the acquisition of a China Radio
Technology Ltd subsidiary and the strategy to reach $100 million in 2010
revenue.
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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, Oracle, Cisco, IBM, HP and Dell.
Following a recent strategic acquisition, the Company has expanded its
business line to include original design manufacturing (ODM). China Crescent
reported over $40 million in profitable revenue in 2008. The Company has
reported record profits through the first 9 months of 2009 and anticipates
reporting record profit in the 2009 annual report. Management has set a goal
of reaching $100 million in revenue in 2010.
Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and
Beijing, 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. China Crescent
also assists 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.
Contact Information: Contact:
China Crescent Enterprises, Inc.
ir@chinacrescent.com
214-722-3060