-- The Company's historical performance
-- Outsourcing Services and original design manufacturing (ODM)
-- $85 million profitable 2010 revenue forecast and $100 million revenue
potential for 2010 based on China Crescent's current sales pipeline,
recent outsourcing services success and recent acquisition
-- Recent theStreet.com analyst report
-- 2010 Virtual Town Hall (http://chinacrescent.com/townhall2010.htm)
During the Webcast, Paul Danner also explains his new role and introduces
the Company's incoming CEO Dr. James Jiang. Dr. Jiang has over 18 years of
senior executive management experience in the information technology and
wireless industries. His management resume includes posts with various
multinational firms including British Telecom, Telular Corp, Singapore
Technologies and GaozhiSoft. Dr. Jiang has extensive knowledge of GSM and
GPRS cellular systems and architecture, 3G wireless communications, and
Internet technologies. In 1996, he developed and launched AirTrak, China's
first e-commerce service to deliver commerce information from the Internet
via a wireless network, and was the Chief Architect of a dynamic web
content cache engine and mobile application platform. Dr. Jiang holds two
patents in Vi-ter-bi Decoding and Dynamic Contents Extraction, and is a
World Bank Scholar.
A link to the Webcast titled 'China Crescent 2010 Strategic Update Webcast'
is now available under Recent Webcasts on the corporate website at
www.chinacrescent.com, and a direct link is available here:
http://www.chinacrescent.com/wcdh_20100204.htm.
2010 Virtual Town Hall Available Online
China Crescent released the Company's 2010 Virtual Town Hall January 22,
2010 which is now available on the corporate website www.chinacrescent.com,
or directly here: http://chinacrescent.com/townhall2010.htm. In the Town
Hall videocast presentation, Mr. Danner provides a review of the Company's
2009 performance, the successful launch of its Outsourcing Services, an
overview of recently announced plans to expand into new business lines,
and a review of the recent acquisition of the communications product design
company.
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.
Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060