Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Eyes Africa Broadband Market's Expected 28% Growth With Launch of WiMAX Service in Kenya to Expand $40 Million Operation
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - September 18, 2009) - Earlier this year, China Crescent Enterprises,
Inc. (OTCBB : CCTR ) announced launching a smartphone and mobile computing
offering in China through a partnership with NuMobile, Inc. China Crescent
recently announced plans for expansion into Africa and will partner with
NuMobile during this expansion effort.
Broadband adoption in Africa is expected to experience 28% growth annually
through 2013 as undersea cables come online. Kenya, China Crescent's first
target in Africa, has one submarine cable in place with two additional
cables expected by 2011. The expanded capacity for broadband in Africa is
expected to reduce costs by nearly 75%, making broadband affordable to
end-users. Africa's current broadband system relies heavily on satellite
for broadband communication, which typically costs about 20 times more than
broadband offerings in the U.S. A recent report by Pyramid Research stated,
""By early 2011, we expect that more than half of all African markets will
have 3G, while broadband coverage is increasing daily via both wireless and
wireline technologies."
China Crescent's Opportunities in East Africa
China Crescent is scheduled to present on its business and corporate growth
strategies in Dallas, Texas on Thursday, September 24th. The presentation
is scheduled to include further discussion on the Company's growth over the
past few years to over $40 million in annual revenue and plans to reach $50
million in annual revenue by year-end. The main purpose of the presentation
will be to detail China Crescent's plans for East Africa and the recently
announced Trade Mission to Kenya. China Crescent has targeted Kenya as its
next foreign market expansion opportunity. China Crescent recently
participated at the African Advanced Level Telecommunications Institute
(AFRALTI) WiMAX Conference in Nairobi in preparation to begin operations in
Kenya. Kenya already has a fiber-optic cable infrastructure in place
throughout the country, and three submarine cables under construction or
currently coming on line.
Anyone interested in learning more about the Company is invited to attend.
Those interested in attending the presentation should email
info@chinacrescent.com with name and contact information to reserve a
space.
Corporate E-mail Updates
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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.