SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

March 08, 2010 08:30 ET

China Crescent Enterprises, Inc. Opens Shanghai Conference Announcing $200 Million Partner Goal After Presenting Hewlett-Packard and Lenovo Sales Programs

DALLAS, TX--(Marketwire - March 8, 2010) -  China Crescent Enterprises, Inc. (OTCBB: CCTR) opened its 2010 inaugural sales conference today in Shanghai at Le Royal Meridien Hotel across from Peoples Square. The conference has been organized to provide China Crescent technology partners with the latest information on sales programs and opportunities in China. China Crescent partners participating in the conference include NuMobile, Inc (OTCBB: NUBL), Alternet Systems, Inc. (OTCBB: ALYI) and Nova Energy, Inc. (OTCBB: NVAE). In his opening comments, China Crescent CEO Dr. James Jiang announced the Company's 2010 goal to generate $200 million in revenue through partnership programs. China Crescent has previously announced a $100 million independent revenue objective for 2010. Dr. Jiang explained the $200 million represented an additional $100 million revenue goal, with the additional $100 million revenue not necessarily to be recognized directly by China Crescent but otherwise to be recognized in a combination of opportunities won by individual partner participants. Dr. Jiang's introduction also included a presentation on China Crescent's Hewlett-Packard and Lenovo sales partnership programs in China. The conference is scheduled to conclude on Thursday and the Company plans to release a Webcast following the conference's conclusion to provide shareholders with a review of the proceedings. A link to the Webcast will be published on the Company website upon release.

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About China Crescent Enterprises, Inc. (

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.

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.

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