Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Announces $85 Million Profitable Revenue Forecast Expecting Approximate 100% Increase Over 2009 and Potentially Reaching $100 Million
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - February 4, 2010) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today announced a 2010 $85 million profitable revenue forecast. This
morning, the Company released an on-demand strategic update Webcast, with
an introduction by Ret. Major General Hugh Robinson, the Company's newest
board member, that further discusses the 2010 forecast and the potential
for the Company to possibly exceed the forecast to reach a $100 million
revenue objective. As discussed in the Webcast, the forecast announced
today is based on the Company's historical performance, current sales
pipeline, outsourcing services success and the recent acquisition.
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.
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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.