China Crescent Enterprises, Inc. to Review Report on Company From Jim Cramer's TheStreet.com in Conjunction With Presentation on 2010 100% Forecasted Growth
DALLAS, TX--(Marketwire - February 1, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR)
today announced forecasted revenue growth of approximately 100% in 2010
over 2009. The Company has scheduled an on-demand Webcast for this
Thursday, February 4th to present a strategic update for 2010, including a
sales pipeline that supports a $100 million profitable revenue objective.
The Webcast agenda includes an introduction of the new CEO, who has been
promoted from within the China Crescent ranks. The Webcast will be
introduced by Former Dallas Federal Reserve Chairman, Retired Major General
Hugh Robinson, the latest addition to the China Crescent Board of Directors
effective today. The Webcast presentation will further include a review of
the report on the Company from Jim Cramer's TheStreet.com in response to
recent shareholder questions regarding the report.
2010 Virtual Town Hall Available Online
Separately, China Crescent released the Company's 2010 Virtual Town Hall
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 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.
Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and
Beijing, China Crescent bridges the gap between global business cultures to
assist clients worldwide realize the advantages of the high quality, low
cost technology products and services available from China. China Crescent
also assists 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