Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Plans to Expand Into India in Strategic Move to Increase Global Sales and Net Income Beyond $100 Million Revenue Target for 2010
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - February 22, 2010) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today announced a Webcast scheduled for Friday, February 26, 2010 to
present the Company's plans to expand into India as part of a strategy to
increase global sales and net income. The Company anticipates reporting
record net income on over $40 million in revenue in the annual report for
2009. The Company has also announced a $100 million profitable revenue
target for 2010 in addition to announcing a number of large long-term
contracts.
A link to the Webcast will be made available on the Company's website
www.chinacrescent.com and emailed to the corporate email database upon
release Friday.
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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.