Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. and NuMobile, Inc. to Launch Smartphone Service for China Market in Conjunction With MobiCom 2009 in Beijing
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - August 25, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
together with NuMobile, Inc. (OTCBB : NUBL ) today announced launching a
smartphone and mobile computing offering in China in conjunction with
MobiCom 2009. China Crescent has over $40 million in annual revenue from
selling technology services in China, and NuMobile has a proprietary
software product offering for the smartphone and mobile computing market.
China Crescent is NuMobile's exclusive partner in China helping NuMobile to
expand its geographic footprint. NuMobile has already announced a contract
with the National Guard as a result of early sales efforts in North
America. The Chinese mobile market opportunity is substantially larger than
the North American opportunity.
MobiCom 2009, being held September 20-25 in Beijing, is an annual
conference dedicated to addressing challenges in the areas of mobile
computing and wireless and mobile networking. The premiere event of its
kind, MobiCom is sponsored by IBM Research, Microsoft Research, Samsung and
Hewlett-Packard. More information on MobiCom is available at
http://www.sigmobile.org/mobicom/2009/.
200% Net Income Increase to $1.1 Million
China Crescent reported $17 million in revenue and an over 200% net income
increase to $1.1 million through the first six months of 2009. The Company
has forecasted profitable revenue growth in 2009 compared to 2008. The
first six months results beat management expectations. The Company's
financial performance is ahead of the pace anticipated by management as
necessary to meet year end revenue and net income growth objectives. The
Company reported over $40 million in profitable revenue in 2008.
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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.