China Crescent Enterprises, Inc. Reviews India and East Africa Expansion Plans and $300 Million, Three-Year Profitable Annual Revenue Goal
DALLAS, TX--(Marketwire - March 1, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR)
has released a Webcast on plans for expansion into India and an update on
business expansion under development in East Africa. The Webcast reviews
the growth of the Company's outsourcing services and original design
manufacturing (ODM) business lines since 2009 and plans to reach $300
million in profitable annual revenue in three years. Domestic Chinese
outsourcing sales have contributed $66 million in new sales contracts for
three-year periods. China Crescent's recently launched original design
manufacturing (ODM) business line has already added a $160 million
commitment, agreed to in a letter of intent, bolstered by an initial $1.6
million purchase order for a near shore client.
A link to the Webcast titled 'China Crescent Global Sales & S.I. Analyst
Review 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