Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. VP of Business Development Larry Wu to Present at Small Business Forum in Dongguan, China
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - September 4, 2008) - China Crescent Enterprises, Inc. (OTCBB : CCSE )
today announced Vice President of Business Development Larry Wu will be
presenting at the "Summit on the Industrial Transformation of Zhu Jian
Delta" on September 23, 2008. The Zhu Jian Delta, otherwise known as the
Pearl River Delta, is located in the south of mainland China just north of
Hong Kong. The summit will be held in Dongguan, 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 focus on small business strategy and financing,
which is vitally important due to the lack of access to capital for small
businesses in China. Additionally, it will provide China Crescent the
opportunity to reach hundreds of small 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 is a technology provider headquartered in North America,
with the majority of its operations in China. To date, management has
concentrated on establishing a base of recurring customers and the
infrastructure to support long-term sustainable growth. Additionally, the
Company continuously seeks out next generation emerging technologies that
can provide its clients with a competitive advantage in their respective
marketplace. Since reorganizing in late 2006, the Company has 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. The Company has forecasted organic growth to $50 million in revenue
in 2008.
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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.