China Crescent Enterprises, Inc. Launches $30 Million Service Contract
Service Contract to Drive Revenue Growth in Second Half of 2009
DALLAS, TX--(Marketwire - August 7, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR)
today announced the launch of a $30 million service contract in China and
expected revenue growth in the second half of 2009. In 2008, the Company
reported over $40 million in profitable revenue from its operations in
China. Senior Management was in Shanghai this week for the launch of the
$30 million contract signed with Beijing Chuangzhitongda Technology
Development earlier this year.
Shanghai Summit Webcast
In conjunction with management's Shanghai Summit meetings, the Company
released an on-demand Webcast with a review of Company progress
year-to-date and the outlook for the remainder of 2009. The Webcast
includes a discussion on the anticipated increase in both revenue and net
income and the expected increase in earnings per share in 2009. In 2008,
the Company reported over $40 million in profitable revenue. Additionally,
the Webcast includes a review of the benefits of recently announced
contracts.
A link to the Webcast titled 'China Crescent Shanghai Summit Webcast
(August 6, 2009)' is available on the Company's website under Webcasts at
www.chinacrescent.com.
Corporate E-mail Updates
To sign up to receive company updates or to obtain more information on the
Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc. (http://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.
Contact Information: Contact:
China Crescent Enterprises, Inc.
ir@chinacrescent.com
214-722-3065