China Crescent Enterprises, Inc. to Review $66 Million in Year to Date New and Pending Sales Contracts Justifying Potential PPS Increase From Recent $0.05 Close to $0.30
DALLAS, TX--(Marketwire - October 26, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR)
CEO Paul Danner is scheduled to present on 2009 sales growth justifying a
potential price per share increase from a recent $0.05 close to a suggested
fair value target price of $0.30. The Webcast is scheduled for release
tomorrow, Tuesday, October 27th.
China Crescent is a systems integration service provider in China that
markets technology outsourcing services that include the sale and service
of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and
Dell. China Crescent reported over $40 million in annual revenue in both
2007 and 2008, and for the first six months of 2009, reported $17 million
in revenue and record net income with an over 200% increase to $1.1
million. The Company's sales are historically seasonal with its largest
sales and profits usually occurring in the 4th quarter. The Company has
forecasted $50 million in profitable revenue for 2009. Management recently
announced that it anticipates the better than expected 2009 sales pipeline
may result in record operating income and profit in 2009, and management
may increase to the Company's $50 million 2009 revenue forecast following
the completion of the 3rd quarter report.
A link to the Webcast is slated to be posted to the corporate website
www.chinacrescent.com upon release tomorrow.
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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.
Contact Information: Contact:
China Crescent Enterprises, Inc.
ir@chinacrescent.com
214-722-3060