China Crescent Enterprises, Inc. Management Join Former Dallas Federal Reserve Chairman to Present on Growth to $50 Million and
16 Settembre 2009 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) is scheduled to
present on its business and corporate growth strategies in Dallas,
Texas on Thursday, September 24th.
China Crescent Provides Brand Name Systems Integration
China Crescent is a US-based technology systems integrator and
value added reseller (VAR) of major global technology brands in the
rapidly developing Chinese domestic market. The Company also
specializes in software engineering, software development, and
digital multimedia outsourcing services delivered globally.
Updated Business Model and Resulting $30 Million Contract
After growing to over $40 million in revenue last year, the
Company has focused on expansion through capturing longer-term,
higher margin outsourcing service business in the region, which
extends to Southeast Asia, and through taking their products and
services to their next emerging market target, East Africa.
Milestone successes year-to-date include a three-year, $30 million
contract signed with Beijing Chuangzhitongda Technology
Development. Due to the size of the agreement, the Company filed an
8k with the SEC along with the Company's other periodic financial
reports.
Increased Profits in 2009
Additionally, the Company reported $17 million in revenue and a
notable 200% net income increase to $1.1 million for the first six
months of 2009. The Company's sales are historically seasonal with
its largest sales and profits usually occurring in the 4th quarter.
The Company has forecasted $50 million in profitable revenue for
2009.
Major General Hugh G. Robinson, Former Chairman of the Dallas
Federal Reserve
Next week's presentation on September 24th is scheduled to be
hosted by Hugh G. Robinson. Mr. Robinson is a former Chairman of
the Dallas Federal Reserve and a retired Major General with a
distinguished career serving in the United States Army. Among other
prestigious posts, Mr. Robinson served as President Lyndon
Johnson's military aide de camp. In addition to his public service
experience, Mr. Robinson's career has included extensive executive
management experience with senior positions at Southland
Corporation and City Place Development Corporation. He is a
graduate of the United States Military Academy at West Point and
earned a Masters Degree in Civil Engineering from the Massachusetts
Institute of Technology (MIT). Mr. Robinson currently serves on the
board of Carmax, Inc., the LBJ Foundation and the Better Business
Bureau.
China Crescent's Business Opportunities in East Africa
China Crescent's presentation is scheduled to include further
discussion on the Company's growth over the past few years and
plans to reach $50 million in annual revenue by year end. The main
purpose of the presentation will be to detail China Crescent's
plans for East Africa and the recently announced Trade Mission to
Kenya. China Crescent 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.
Anyone interested in learning more about the Company is invited
to attend. Those interested in attending the presentation should
email info@chinacrescent.com with name and contact information to
reserve a space.
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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