Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Presents 2010 $200 Million ODM Contract Pipeline and Demonstrates Prototype Wi-Fi Product Sold in Recent $1.6 Million Purchase Order
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - March 9, 2010) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
presented its 2010 $200 million original design manufacturing (ODM)
contract pipeline and featured its recently announced Wi-Fi deal,
including a demonstration of the Wi-Fi product prototype, at the Company's
2010 inaugural sales conference in Shanghai this week . China Crescent
received a $1.6 million ODM purchase order from a confidential Japanese
customer for 100 sets of a special purpose Wi-Fi communication device.
Based on a formal letter of intent, the Japanese customer has committed to
purchase 10,000 of the custom Wi-Fi devices for a total of $160 million
dollars over the next three years, subject to the performance of the first
100 sets. China Crescent's strategic partner, NuMobile, Inc. (OTCBB : NUBL )
has been selected by China Crescent to provide a key proprietary software
component for the project. China Crescent's sales conference has been
organized to provide the Company's technology partners with the latest
information on sales programs and opportunities in China and to forge
mutually beneficial partnerships in the Chinese marketplace between
high-tech entrepreneurial companies.
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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.
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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.