Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Releases Webcast on Outsourcing Services Strategy and Plan to Double Current $40 Million Annual Revenue in 2010
Company Recently Announced Three Year Outsourcing Contract Anticipated to Add $30 Million in Revenue
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - June 2, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today released an on-demand Webcast to present the Company's new
outsourcing services strategy and the new services' benefits to customers,
the Company and shareholders. The new offering is part of the Company's
overall strategy to accelerate sales growth, increase margins and increase
the percentage of its overall revenue generated from recurring contracts.
The Company recently announced its first outsourcing services client with
an anticipated $30 million in contract revenue expected to be earned over
the three year contract period. Management expects to double the Company's
current $40 million in profitable annual revenue in 2010.
A link to the Webcast titled 'China Crescent Outsourcing Services Strategy
Webcast (June 2, 2009)' is available on the Company's website under
Webcasts at: http://www.newmarkettechnology.com/about-newmarket-china.htm.
In addition, a recent Webcast featuring China Crescent's first outsourcing
client and the Company's suggested fair value target pps of $0.30 titled
'China Crescent Investor Overview: Outsourcing, Recent Financials and PPS
Growth (May 27, 2009)' is also available on the Company's website
For assistance accessing or listening to the Webcasts, please email
ir@chinacrescent.com or call 214-722-3065.
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. 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.