China Crescent Enterprises, Inc. Forecasts 2009 Revenue Growth and Record Earnings With Net Income Results Over $1 Million Through First Six Months Out Today
DALLAS, TX--(Marketwire - August 19, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR)
is scheduled to release the Company's second quarter 2009 financial results
today, August 19th. Management expects the report to include approximately
$1 million in net income. China Crescent reported approximately $500,000 in
net income during the two previous fiscal years. Accordingly, a quarterly
net income of approximately $1 million would represent a substantial
milestone in the Company's overall development. Additionally, China
Crescent is scheduled to review the Company's second quarter 2009 financial
performance in an on-demand Webcast Friday, August 21.
A link to the upcoming Webcast will be available Friday, August 21, 2009 on
the Company's corporate website 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