Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. to Review $2 Million Hong Kong Project Benefit on Balance of 2009 in Shanghai Webcast
Webcast Scheduled for Thursday to Preview Q2 Results and Expectations for 2009 Revenue and Earnings to Top $41 M in Profitable 2008 Revenue
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - August 3, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
is scheduled to review the benefit of recent contracts on anticipated
revenue growth for the remainder of 2009 in an on-demand Webcast, Thursday,
August 6, 2009. Contracts include an agreement with a Hong Kong-based
software company and a $30 million outsourcing contract signed earlier this
year. Senior management is meeting in Shanghai this week for the official
commencement of services on the outsourcing contract. Following the
meetings, management plans to conduct the shareholder Webcast from
Shanghai. The Webcast is also scheduled to preview 2nd quarter performance
and the 2009 overall outlook for anticipated revenue growth and increased
earnings per share in 2009 compared to 2008. The Webcast will be available
for viewing on-demand. A link for accessing the Webcast is scheduled to be
available on the Company's corporate website on Thursday, August 6, 2009.
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.