Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Webcast Update on $45 Million in New or Pending Contracts to Include Review of News on Affiliated Computer Services, Perot and EDS Acquisitions
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - September 28, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
plans to release an exclusive Webcast on its corporate website tomorrow,
September 29th. The Webcast agenda features details on recently announced
plans to increase the Company's 2009 revenue forecast following the
completion of its upcoming 3rd quarter financial report. With $45 million
in recently announced outsourcing contracts or pending contracts, the
Company is on track to achieve its previously forecasted $50 million in
profitable revenue for 2009. The Company has reported approximately $40
million in annual revenue for the previous two years and has previously
discussed a $0.30 suggested fair value target price per share.
Technology service providers are in the news recently and tomorrow's
Webcast will include an overview of the news and what it might mean for
China Crescent. Included in the review of industry news will be the recent
acquisition announcements of Perot Systems by Dell, and Affiliated Computer
Services by Xerox, as well as the acquisition of EDS by Hewlett-Packard
announced last year. The Webcast will also review recent Chinese technology
market news featured by Business Monitor International and the Wall Street
Journal, both of which released feature articles on the Chinese government
subsidy program to fuel PC sales in rural China.
A link to the Webcast will be available on the Company's website
www.chinacrescent.com upon release.
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Company, please visit www.chinacrescent.com.
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.