Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. to Preview Anticipated Record 3rd Qtr. Results and Potential Forecast Increase in Dallas Presentation Thursday, September 24th
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - September 21, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR ) is
scheduled to present on its business and corporate growth strategies in
Dallas, Texas this Thursday, September 24th. The main purpose of the
presentation will be to detail China Crescent's plans for East Africa and
the Company's recently announced upcoming Trade Mission to Kenya. However,
the presentation will also include a general overview of China Crescent,
with a preview of the anticipated record 3rd quarter financial results and
discussion of a potential increase to the 2009 forecast.
Current $50 Million Forecast and Record Net Income Through the First Six
Months
China Crescent reported over $40 million in annual revenue for 2008. The
Company reported $17 million in revenue and record net income with an over
200% increase to $1.1 million for the first six months of 2009. The
Company's sales are historically seasonal with its largest sales and
profits usually occurring in the 4th quarter. The Company has forecasted
$50 million in profitable revenue for 2009.
China Crescent has targeted Kenya as its next foreign market expansion
opportunity. To learn more about the opportunity in East Africa and China
Crescent's expansion plans in the region, view the Company's Webcast on its
African Strategy: http://www.chinacrescent.com/webcast_ccse_20090901.htm
China Crescent recently participated at the African Advanced Level
Telecommunications Institute (AFRALTI) WiMax Conference in Nairobi in
preparation to begin operations in Kenya. Kenya already has a fiber-optic
cable infrastructure in place throughout the country, and three submarine
cables under construction or currently coming on line.
A reservation is required to attend the presentation. Those interested in
attending the presentation should email info@chinacrescent.com with name
and contact information to reserve a space.
Strategic Corporate Update Webcast
China Crescent recently released a strategic corporate Webcast on the
Company's website www.chinacrescent.com titled 'China Crescent Post Labor
Day Update Webcast.'
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 also 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.
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.