China Crescent Enterprises, Inc. Announces On-Demand Corporate Update Webcast and Shareholder Letter Scheduled for Friday, June
11 Giugno 2009 - 3:40PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the
Company will release an on-demand Webcast, Friday, June 12 to
provide a corporate update. Management will also release a letter
to shareholders to further update shareholders on the Company's
current progress and future plans to include the recent
introduction of outsourcing services and the anticipated increased
earnings per share in Q2 '09.
The Webcast will be available for viewing on-demand. A link for
accessing the Webcast will be available on the Company's corporate
website www.chinacrescent.com on June 12th.
$30 Million Outsourcing Services Contract
China Crescent recently filed a Form 8-K regarding the recent
$30 million outsourcing services agreement with Shanghai-based
Beijing Chuangzhitongda Technology Development. The $30 million in
contract revenue is expected to be earned over the three-year
contract period. Because of the size of the agreement in relation
to the Company's over $40 million in 2008 revenue, the Company has
filed a Form 8-K on the material agreement.
The new outsourcing service offering is part of the Company's
overall strategy to increase margins and the percentage of its
overall revenue generated from recurring contracts. Beijing
Chuangzhitongda Technology Development is China Crescent's first
outsourcing customer. China Crescent anticipates engaging
additional outsourcing customers over the course of the year.
Company Anticipates Reporting Increased Earnings per Share in Q2
'09
The Company recently released a letter to shareholders from CFO
Philip J. Rauch. In the letter Mr. Rauch addresses the Company's
improving operational maturity, recent recapitalization and
anticipated earnings per share increase in the second quarter of
fiscal year 2009. In 2008, the Company reported over $40 million in
revenue with more than $600,000 in net income.
The letter is available in its entirety at:
http://finance.yahoo.com/news/China-Crescent-Enterprises-iw-15430380.html.
Corporate E-mail Updates
To be added to China Crescent's e-mail database to receive
company updates or to obtain more information on the Company,
please send an e-mail to ir@chinacrescent.com or call
214-722-3065.
About China Crescent Enterprises, Inc.
(http://www.chinacrescent.com/)
China Crescent Enterprises, Inc. reported over $40 million in
profitable Revenue in 2008. The Company is a technology leader in
the rapidly developing Chinese market specializing today in
software engineering, high quality software development and digital
multimedia outsourcing services delivered to customers globally. At
the same time, the firm is a systems integrator and value added
reseller of major global hardware brands in the Chinese domestic
market.
Headquartered in Dallas with operations in Shanghai and Beijing,
China Crescent bridges the gap between Western and Eastern business
cultures to assist western clients in realizing the advantages of
the high quality, low cost technology products and services
available from China. China Crescent also assists Western 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: China Crescent Enterprises, Inc. ir@chinacrescent.com
214-722-3065
Grafico Azioni China Crescent Enterprises (CE) (USOTC:CCTR)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni China Crescent Enterprises (CE) (USOTC:CCTR)
Storico
Da Lug 2023 a Lug 2024