China Crescent Enterprises, Inc. to Review Outsourcing Services to Include Recent $30 Million Agreement in Webcast Scheduled for
24 Giugno 2009 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that
the Company will include a review of its new outsourcing services
offering in the upcoming Webcast scheduled for Friday, June 26,
2009. The new outsourcing services offering is part of the
Company's overall strategy to increase margins and the percentage
of its overall revenue generated from recurring contracts.
Recently, China Crescent announced a $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 also filed a Form 8-K on the
material agreement.
Outsourcing Strategy Webcast
China Crescent previously released an on-demand Webcast to
present the Company's new outsourcing services strategy and the new
services' benefits to customers, the Company and shareholders.
A link to the Webcast titled 'China Crescent Outsourcing
Services Strategy Webcast (June 2, 2009)' is available on the
Company's website under Webcasts at:
http://www.newmarkettechnology.com/about-newmarket-china.htm.
Webcast Scheduled Friday June 26, 2009
A Webcast is scheduled Friday June 26, 2009 to preview the
Company's 2nd quarter results and review year-to-date sales
progress. Additionally, the Webcast will discuss the Company's
anticipated growth in 2009 to include the potential for rapid
growth during the remainder of the year. A link to the Webcast will
be available on the Company's website Friday.
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
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