China Crescent Enterprises, Inc. Announces $15 Million Outsourcing Agreement
22 Settembre 2009 - 3:31PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has announced
signing a letter of intent (LOI) agreement for an anticipated $15
million outsourcing contract. The contract is scheduled to be
finalized within the 4th quarter of 2009. This would be the
Company's second large outsourcing contract in China this year.
China Crescent recently announced a $30 million contract signed
with Beijing Chuangzhitongda Technology Development. China Crescent
has been marketing a new outsourcing service since the beginning of
this year to increase the Company's percentage of sales from
recurring revenue and improve the gross margins
The Company has scheduled a senior management outsourcing summit
October 12th in Shanghai intended primarily to focus on finalizing
the anticipated $15 million contract. The non-binding letter of
intent was previously announced last week. Today the Company has
announced the anticipated three-year contract would generate
approximately $15 million in revenue for China Crescent.
China Crescent reported over $40 million in annual revenue for
2008. The Company reported $17 million in revenue and an over 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.
Lunch Presentation in Dallas This Thursday at 12 pm CDT
China Crescent is scheduled to conduct a complimentary lunchtime
presentation on its business and corporate growth strategies in
Dallas, Texas this Thursday, September 24th. The main purpose of
the presentation will be to detail China Crescent's plans for East
Africa and the Company's recently announced upcoming Trade Mission
to Kenya. However, the presentation will also include a general
overview of China Crescent, with a preview of the anticipated
record 3rd quarter financial results and discussion of a potential
increase to the 2009 forecast.
The presentation is scheduled for 12 pm CDT in North Dallas and
lunch will be served. Any interested clients, vendors, or
shareholders are invited to attend. A reservation is required to
attend the presentation and those interested in attending the
presentation should call 214-722-3060 or email
info@chinacrescent.com with name and contact information to reserve
a space by Wednesday 5pm CDT.
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
214-722-3060
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