Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. to Preview Anticipated Favorable 3rd Quarter Financial Performance With $30 Million Outsourcing Contract Going Into Service
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - August 27, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today announced the Company is scheduled to preview its anticipated
favorable third quarter performance in an on-demand Webcast Wednesday,
September 2, 2009. The Webcast will address the impact of the Company's
recently announced $30 million outsourcing contract with Shanghai-based
Beijing Chuangzhitongda Technology Development going into service. A link
to the Webcast is scheduled to be available on the Company's website
Wednesday, September 2nd.
$1.1 Million Net Income and $17 Million Revenue First Six Months '09
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 in 2009 compared to 2008, in which
the Company reported over $40 million in profitable revenue.
Corporate E-mail Updates
To be added to China Crescent's e-mail database to receive company updates
or to obtain more information on the Company, please send an e-mail to
ir@chinacrescent.com or call 214-722-3065.
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.