Wall Street Journal Features China Crescent Enterprises, Inc. Stimulus Package Driven Chinese Sales Growth of Resale Partners Le
24 Settembre 2009 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) reported $17 million
in revenue and a record net income of $1.1 million for the first
six months of 2009. Net Income increased over 200% from the same
period the previous year. With $45 million in recently announced
outsourcing contracts or pending contracts, the Company is on track
to achieve its forecasted $50 million in profitable revenue for
2009 and may increase its 2009 forecast, anticipating reporting
record results for the third quarter.
China Crescent's 2009 success may in part be credited to a $586
billion Chinese government subsidy program designed to stimulate
the nation's economy by encouraging spending in rural areas. The
majority of China Crescent's sales today come from areas in China
that are outside of major cities. Yesterday, the Wall Street
Journal featured the sales programs implemented in China by Lenovo
Group Ltd. and Hewlett-Packard Co. to expand sales in the Chinese
countryside and benefit from the $586 billion Chinese government
economic stimulus program.
The article by Loretta Chao on the front page of the Wall Street
Journal Business Section reported:
"Globally, PC shipments have dropped in recent quarters as
spending by companies and consumers has decreased. But in China --
where about 40 million PCs are sold annually, making it the world's
second largest PC market after the U.S. -- sales have continued to
grow, albeit at slower rates."
The article can be found in its entirety at:
http://online.wsj.com/article_email/SB125366214543432237-lMyQjAxMDI5NTIzMzYyNjMyWj.html.
China Crescent is a systems integrator and value added reseller
of major global hardware brands in the Chinese domestic market to
include Lenovo and Hewlett Packard. Brands the Company sells and
supports also include Dell, IBM, Cisco, Sony, Epson, Canon and
Sanyo. Additionally, the Company is an authorized reseller of
operating system, database, middleware and application software
from Microsoft, Red Hat, Oracle, Sybase, IBM, BEA, Veritas and
others.
Lunch Presentation in Dallas Today at 12 pm CDT
China Crescent is scheduled to conduct a complimentary lunchtime
presentation on its business and corporate growth strategies in
Dallas, Texas today at 12 pm CDT. Any interested clients, vendors,
or shareholders are invited to attend. A reservation is required
and those interested in attending the presentation should call
214-722-3060 or email info@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
214-722-3060
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