Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Anticipates More Than $100 Million in New Contracts in First Quarter 2010
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - February 3, 2010) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
has scheduled an on-demand Webcast presentation for release tomorrow,
February 4th, to present a strategic update for 2010. The scheduled Webcast
is also expected to feature an overview of $100 million in new contracts
anticipated to be signed during the first quarter of 2010. The average
term of the anticipated contracts is three years, and revenue from the
contracts would be recognized over an average three-year term.
Additionally, the Webcast agenda includes the Company's previously
announced $100 million profitable revenue objective and an introduction of
the new CEO who has been promoted from within the China Crescent ranks. The
Webcast is slated to be introduced by Former Dallas Federal Reserve
Chairman, Retired Major General Hugh Robinson, the latest addition to the
China Crescent Board of Directors. A link to the Webcast will 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.
Sign Up to Receive Regular China Crescent Investor Updates
China Crescent sends regular email updates to its opt-in, permission-based
email database. Interested investors can easily, safely and quickly
register to receive these communications directly on the corporate website
homepage (www.chinacrescent.com). Recipients can manage their own email
contact profile and safely unsubscribe at any time.
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.