Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Acquires China Radio Technology Ltd. Subsidiary With $20 Million in Anticipated Annual Revenue
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - December 10, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today announced executing an agreement to acquire a China Radio Technology
Ltd. subsidiary located in Shenzhen, China. The China Radio subsidiary is
anticipated to produce $20 million in annual revenue in 2010. China Radio
Technology Ltd., a
Hong Kong-registered company, is a mobile communication hardware and
software company that develops and manufactures products for sale in China.
Shenzhen is located north of Hong Kong in the Guangdong province and is
considered one of the fastest growing cities in the world.
More details on the acquisition are scheduled to be presented in an
exclusive Webcast tomorrow. A link to the Webcast is slated to be posted
to the corporate website www.chinacrescent.com upon release.
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About China Crescent Enterprises, Inc. (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.
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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
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