SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

March 09, 2010 11:35 ET

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

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. (

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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