China Crescent Enterprises, Inc. 2010 $100 Million Technology Product and Services Business Objective Reviewed in Greenfield Webcast Today
DALLAS, TX--(Marketwire - December 30, 2009) - China Crescent Enterprises, Inc.'s (OTCBB: CCTR)
$100 million technology product and services business objective has been
featured in a 2010 strategy and Greenfield program Webcast hosted by
NewMarket Technology, Inc. today. China Crescent is expected to play a key
role in NewMarket's plan to build a $1 billion emerging market systems
integration operation.
NewMarket started the Greenfield partnership program to accelerate the
introduction of new technologies into emerging markets around the world
where technology buying is on the rise, while improving return on
investment (ROI) potential. Greenfield program participant companies, like
China Crescent, have been chosen to participate in the partnership program
based on their technology and service offerings in conjunction with the
emerging geographic markets in which they operate.
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 recently reported $30 million in revenue through the
first nine months of the year ending September 30, 2009, with record net
income of $1.8 million compared to $517k in net income for the same period
in 2008.
A link to the Webcast titled '2010 Strategy and The Greenfield Program
Webcast' is now available under Recent Webcasts on the corporate website at
www.chinacrescent.com.
China Crescent Virtual Town Hall January 22, 2010
China Crescent plans to release a 2009 Virtual Town Hall on January 22,
2010, and the agenda includes a review of the Company's outsourcing service
offering and recent acquisition. The Virtual Town Hall agenda also includes
a review of 2009, a preview of the Company's plans for the year ahead and
an outline of plans to evolve the Company's growth strategy while adopting
lessons learned.
The Virtual Town Hall is scheduled to be made available online to
interested viewers on their own schedule and from their own location.
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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