Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Aoyuan Electronic Agreement Could Trigger Milestone PPS Increase
Webcast Released to Review Record $66 Million in New and Pending Outsourcing Deals as Potential Trigger for PPS Increase Following High Volume Trading at $0.05
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - October 27, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today released an on-demand Webcast with CEO Paul Danner to review record
year to date sales growth and the potential trigger of a milestone price
per share increase. The Company recently announced a letter of intent to
provide outsourcing services to Aoyuan Electronic Co. ltd in Dalian, China,
for $36 million over three years. The pending contract would be the second
major outsourcing contract signed by China Crescent this year bringing the
total long-term revenue value of China Crescent's outsourcing contracts
signed in 2009 to approximately $66 million. In the webcast released
today, management discusses the potential for the closing of the Aoyuan
contract, expected within the next two weeks, to trigger a potential
milestone price per share increase.
A link to the Webcast titled 'China Crescent Corporate Update Webcast' is
available at www.chinacrescent.com under Recent Webcasts.
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Company, please visit www.chinacrescent.com.
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.
"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.