China Crescent Enterprises, Inc. Credited for Deloitte Recognition
24 Agosto 2009 - 3:10PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced
receiving notable credit in the Metroplex Technology Business
Council's (MTBC) Tech Titan Fast Tech award for the fastest growing
technology companies in the Dallas-Fort Worth (DFW) area as
compiled by Deloitte. The North Texas area contains over 4,000
technology firms making it a very competitive arena. China Crescent
reported $17 million in revenue and an over 200% net income
increase to $1.1 million through the first six months of 2009. The
Company has forecasted profitable revenue growth in 2009 compared
to 2008, in which the Company reported over $40 million in
profitable revenue.
"China Crescent's growth has driven our Deloitte recognition,"
said Philip Verges, founder, board member and CEO of China
Crescent's largest shareholder, NewMarket Technology, Inc.
"Bolstered by China Crescent's aggressive growth, our consolidated
financial growth continues to win recognition by Deloitte for fast
growth in the technology sector. This is the sixth year in a row
the consolidated company has been named to the Tech Titan's list,
being recognized twice as the number one fastest growing company.
The consolidated company was recognized as the third fastest
growing technology company in the United States in 2006."
The Tech Titan Fast Tech program recognizes the fastest-growing
technology companies in the DFW area, based on percentage revenue
growth over five years (2004 to 2008) as well as percentage revenue
growth over one year (2007-2008). The Tech Titans Award Ceremony
will be held Friday, August 28th. For more information on the Tech
Titan awards, please visit
http://www.metroplextbc.org/Events/Tech-Titans.aspx.
Webcast to Review Q2'09 Results, 2009 Outlook and $0.30 PPS
Target PPS
The Company recently released a Webcast reviewing the Company's
second quarter 2009 financial performance, which includes an update
on Management's optimistic outlook on the Company's 2009 forecasted
revenue and net income growth in light of the Q2 results and the
recently announced sales contracts. The Webcast also includes a
review of the $0.30 fair value target pps and the ongoing potential
short squeeze.
A link to the Webcast titled 'China Crescent 2nd Quarter Review
Webcast' is available on the Company's corporate website under
Recent Webcasts at 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.
(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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