China Crescent Enterprises, Inc. Announces High 4th Quarter Expectations
DALLAS, TX--(Marketwire - September 28, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR)
CEO Paul Danner released a statement today setting high expectations for
the Company's anticipated performance in the 4th quarter of 2009. The
Company reported record net income of $1.1 million on $17 million in
revenue through the second quarter of 2009 and has previously announced
anticipated record results for the 3rd quarter of 2009.
"The Company signed its largest contract ever in the first half of the year
and posted record net income results," stated Mr. Paul Danner, CEO of China
Crescent Enterprises. "The $30 million contract signed in the first half of
the year has gone into service in the second half of the year, and the
Company anticipates signing one and possibly two more large outsourcing
contracts by year-end. The Company historically realizes its highest
revenue in the fourth quarter. With the momentum China Crescent has built
in the first three quarters, I anticipate the fourth quarter performance
this year, in comparison to the first three quarters, to be even better
than in past years."
Mr. Danner will be hosting a management summit in Shanghai in two weeks
aimed at closing the Company's next large outsourcing contract anticipated
to be a three-year $15 million agreement.
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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.
Contact Information: Contact:
China Crescent Enterprises, Inc.
ir@chinacrescent.com
214-722-3060