China Crescent Enterprises, Inc. Expands Operations Into Africa Targeting Kenya as East African Hub
11 Agosto 2009 - 3:41PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has targeted Kenya
as its next foreign market expansion opportunity. China Crescent
recently participated at the African Advanced Level
Telecommunications Institute (AFRALTI) WiMax Conference in Nairobi
in preparation to begin operations in Kenya. Kenya already has a
fiber-optic cable infrastructure in place throughout the country,
and three submarine cables under construction or currently coming
on line. One cable connects to Dubai, one to India and one to South
Africa. With a population of approximately 38 million people, Kenya
only has approximately 3 million Internet users today. The
groundwork has already been laid for a rapid increase in Internet
penetration. China Crescent plans to position itself to provide the
necessary products and services to facilitate and profit from the
inevitable Internet usage demand growth and related government and
business technology needs in Kenya.
Shanghai Summit Webcast
Today's announcement follows the Company's recent management
Shanghai Summit meetings. The Company has released an on-demand
Webcast with a review of progress year-to-date and the outlook for
the remainder of 2009. The Webcast includes a discussion on the
anticipated increase in both revenue and net income and the
expected increase in earnings per share in 2009. In 2008, the
Company reported over $40 million in profitable revenue.
A link to the Webcast titled 'China Crescent Shanghai Summit
Webcast (August 6, 2009)' is available on the Company's website
under Webcasts at www.chinacrescent.com.
Recent Sales Growth
The Company recently announced the launch of a $30 million
service contract in China and expected revenue growth in the second
half of 2009. Senior Management was in Shanghai last week for the
launch of the $30 million contract signed with Beijing
Chuangzhitongda Technology Development earlier this year.
A link to the upcoming Webcast on China Crescent's strategy in
Africa will be available Thursday, August 13, 2009 on the Company's
corporate website www.chinacrescent.com.
Corporate E-mail Updates
To sign up to receive company updates or to obtain more
information on the Company, please visit www.chinacrescent.com.
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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