Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Presents Anticipated Post Labor Day Milestone Price per Share Performance Increase on Continued Revenue and Net Income Growth
On-Demand Webcast Available on Company Website
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - September 8, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today released a post Labor Day strategic corporate Webcast on the
Company's website www.chinacrescent.com. The Webcast provides an update of
the Company's $0.30 suggested fair value target price per share and
includes a review of the $50 million revenue goal based on a sales driven
revenue and profit growth strategy that has resulted in a record profit
year-to-date. The Webcast features the Company's recently introduced
communication technology offerings to include the Satellite News Gathering
Vehicle (SNG Vehicle) and software solutions for smartphones and mobile
computing. China Crescent reported $17 million in revenue and an over 200%
net income increase to $1.1 million through the first six months of 2009.
The Company has forecasted profitable revenue growth to $50 million in
2009. The Company reported over $40 million in profitable revenue in 2008.
The Company's sales are historically seasonal, increasing throughout the
year and usually reporting the largest sales and profits in the 4th
quarter.
A link to today's Webcast, titled 'China Crescent Post Labor Day Update
Webcast' is now available on the Company's corporate website under Recent
Webcasts 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. (http://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.