China Crescent Enterprises, Inc. to Present 1st Quarter Record Performance To-Date and $100 Million 2010 Revenue Target Update in Webcast Tuesday, February 16th
DALLAS, TX--(Marketwire - February 11, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR)
is scheduled to release an on-demand Webcast Tuesday, February 16th. The
Webcast agenda includes a review of first quarter performance to-date, an
update on the Company's $100 million 2010 revenue target and further
details of the special purpose Wi-Fi opportunity announced yesterday. 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 Company's purchase order announcement yesterday,
management indicates the $100 million profitable revenue goal is well
ODM Purchase Order and Potential $160 Million Three-Year Contract
Yesterday, China Crescent 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 over the next three years, subject to the performance
of the first 100 sets.
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 email database upon release of the Webcast Tuesday.
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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
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