Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. to Review Anticipated ODM Contract in China Valued at $100 Million or More in Friday Webcast
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - February 2, 2010) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today announced that the Company plans to review an anticipated original
design manufacturing (ODM) contract that could exceed $100 million in total
value in a previously scheduled Webcast this Friday, February 5, 2010. In
the fourth quarter of 2009, China Crescent announced the acquisition of a
communications product design company. This acquisition expanded China
Crescent's business line from technology services into ODM. The Company
anticipates potentially releasing a substantial ODM contract announcement
within the coming weeks. More details on the potential contract are
expected to be included in the exclusive on-demand Webcast presentation
scheduled for this Friday, and a link to the Webcast is slated to be
published to the corporate Website www.chinacrescent.com under 'Recent
Webcasts' upon release.
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 the communications product design company 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.