Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Management Invited to Participate in Round Table at "Summit on the Industrial Transformation of Zhu Jian Delta"
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - September 9, 2008) - China Crescent Enterprises, Inc. (OTCBB : CCSE )
today announced Larry Wu, VP of Business Development, and Philip Verges,
Board Member, are invited to participate in a round table discussion on
small business financing at the "Summit on the Industrial Transformation of
Zhu Jian Delta" on September 22, 2008 in Dongguan, China. Mr. Wu and Mr.
Verges will join Mr. Tang Min, Chief Economist of the Chinese Branch of the
Asian Development Bank, Mr. Liu Yihui, Head of Financing Laboratory for the
Chinese Academy of Social Sciences, and Ms. Ye Tan, the Chief Commentator
of the National Business Daily. Additionally, both Mr. Wu and Mr. Verges
will be giving individual presentations on global small business financing
during the two-day summit.
About the "Summit on the Industrial Transformation of Zhu Jian Delta"
The "Summit on the Industrial Transformation of Zhu Jian Delta" will take
place September 22-23, 2008 in Dongguan, China. The Zhu Jian Delta,
otherwise known as the Pearl River Delta, is located in the south of
mainland China just north of Hong Kong. Dongguan is one of the biggest
manufacturing centers in China, ranking #3 among Chinese cities in foreign
trade. Dongguan is located just outside Shenzhen. Due to its close
proximity to Hong Kong, Shenzhen has been operating under a free enterprise
system for the past 20 years, as one of China's first "special economic
zones." The summit will provide China Crescent the opportunity to reach
hundreds of businesses at once, as the Company looks to expand both its
service offerings and its operations in China to areas throughout the
region.
China Crescent provides hardware and software technology products and
services in China. To date, management has concentrated on establishing a
base of recurring customers and the infrastructure to support long-term
sustainable growth. The Company's operations have grown significantly,
reporting $29.5 million in 2006 revenue and $40 million in 2007 revenue
with $437,824 in net income and $909,771 in comprehensive income. China
Crescent has forecasted $50 million in revenue for 2008.
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. (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.