Japanese Customer Hires China Crescent Enterprises, Inc. to Design and Manufacture an Anticipated 10,000 Special Purpose Wi-Fi Devices in Deal Valued at $160 Million
China Crescent and NuMobile, Inc. Schedule Webcast to Present Special Purpose Wi-Fi Opportunity Next Tuesday, February 16th
DALLAS, TX--(Marketwire - February 10, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR)
today announced receiving a $1.6 million original design manufacturing
(ODM) purchase order from a confidential Japanese customer for 100 sets of
a special purpose Wi-Fi communication device. Based on a formal letter of
intent signed by all parties, the Japanese customer has committed to
purchase 10,000 of the custom Wi-Fi devices for a total of $160 million
dollars over the next three years, subject to the performance of the first
100 sets.
NuMobile, Inc.
NuMobile, Inc. (OTCBB: NUBL) will be engaged by China Crescent to provide a
key proprietary software component in the overall Wi-Fi solution. China
Crescent is NuMobile's strategic partner in China and the two companies
have formed a partnership to sell, service and market NuMobile's products
in China, including its smartphone and mobile computing solutions.
China Crescent and NuMobile have scheduled to release an on-demand Webcast
to discuss further details on the special purpose Wi-Fi opportunity next
Tuesday, February 16th. The on-demand Webcast will be posted to the China
Crescent website and an email with a link to the Webcast will be published
and sent to the China Crescent e-mail database upon release of the Webcast
Tuesday.
2010 $100 Million Revenue Goal
China Crescent has announced a 2010 $85 million profitable revenue
forecast. Management has also announced reaching beyond the 2010 forecast
in an effort to achieve an even higher profitable revenue goal of $100
Million. In conjunction with the announcement today management indicates
the $100 million profitable revenue goal is well within reach.
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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