Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Anticipated $20 Million in Annual Revenue From Acquisition of China Radio Technology Ltd. Subsidiary to Be Featured in Webcast Tomorrow
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - December 10, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
plans to present more details on the agreement announced earlier today to
acquire a China Radio Technology Ltd. subsidiary in an exclusive Webcast
tomorrow. The China Radio subsidiary, located in Shenzhen, is anticipated
to produce $20 million in annual revenue in 2010. China Radio Technology
Ltd., a Hong Kong-registered company, is a mobile communication hardware
and software company that develops and manufactures products for sale in
China.
Shenzhen is located north of Hong Kong in the Guangdong province. According
to Wikipedia, Shenzhen is considered one of the fastest growing cities in
the world and is home to the headquarters of numerous high-tech companies,
and as home to the Shenzhen Stock Exchange and the recently launched
ChiNext exchange, is considered a major financial center in Southern China.
Shenzhen is also a major port and, in 2007, was ranked the 4th busiest in
the world for container traffic.
A link to the Webcast is slated to be posted to the corporate website
www.chinacrescent.com upon release.
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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.
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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
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