China Crescent Enterprises, Inc. Announces 1st Quarter Record Performance To-Date and Updates $100 Million 2010 Revenue Target Progress in On-Demand Webcast
DALLAS, TX--(Marketwire - February 16, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR)
released an exclusive on-demand Webcast today to review record-setting
first quarter performance to-date and provide an update on the Company's
progress toward its $100 million 2010 revenue target. The Webcast includes
a presentation on a recently announced $1.6 million purchase order received
from a Japanese client as part of an overall $160 million letter of intent
commitment over the next three years.
A link to the Webcast titled 'China Crescent $160 Million Strategic Project
and 2010 Forecast Update Webcast' is now available under Recent Webcasts on
the China Crescent corporate website at www.chinacrescent.com.
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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