Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. CEO Danner to Move to New Role and Introduce New CEO to Lead Company to $100 Million Profitable 2010 Revenue Objective
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - January 28, 2010) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
has scheduled an on-demand Webcast for Thursday, February 4, 2010 to
provide a review of the 2010 strategic kickoff in China and Singapore that
concluded yesterday. Management is also expected to present on the
Company's more than $100 million contract pipeline in China and the
Company's $100 million 2010 revenue objective. Paul K. Danner, the current
CEO of China Crescent, is also expected to introduce the Company's next
CEO, a talented executive with extensive technology industry experience who
is being promoted from within the Company ranks. Mr. Danner will remain
within the family of companies that includes China Crescent, serving in a
more global role. Further details on his new worldwide responsibilities
will also be included in the Webcast. A link to the Webcast is slated to
be published on the corporate website www.chinacrescent.com upon release on
Thursday, February 4th.
China Crescent is a systems integration service provider that markets
technology outsourcing services in China including the sale and service of
brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell.
Following a recent strategic acquisition, the Company has expanded its
business line to include original design manufacturing (ODM). China
Crescent reported over $40 million in profitable revenue in 2008. The
Company has reported record profits through the first 9 months of 2009 and
anticipates reporting record profit in the 2009 annual report. Management
has set a goal of reaching $100 million in revenue in 2010.
2010 Virtual Town Hall Available Online
Separately, China Crescent released the Company's 2010 Virtual Town Hall
last Friday, January 22, 2010 which is now available on the corporate
website www.chinacrescent.com. In the Town Hall videocast presentation,
China Crescent CEO Paul K. Danner provides a review of the Company's 2009
performance and successful launch of its Outsourcing Services including two
substantial, long-term contracts. Additionally, the presentation provides
an overview of recently announced plans to expand into new business lines,
the acquisition of a China Radio Technology Ltd subsidiary and the strategy
to reach $100 million in 2010 revenue.
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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.