China Crescent Enterprises, Inc. Announces High 4th Quarter Expectations
28 Settembre 2009 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) CEO Paul Danner
released a statement today setting high expectations for the
Company's anticipated performance in the 4th quarter of 2009. The
Company reported record net income of $1.1 million on $17 million
in revenue through the second quarter of 2009 and has previously
announced anticipated record results for the 3rd quarter of 2009.
"The Company signed its largest contract ever in the first half
of the year and posted record net income results," stated Mr. Paul
Danner, CEO of China Crescent Enterprises. "The $30 million
contract signed in the first half of the year has gone into service
in the second half of the year, and the Company anticipates signing
one and possibly two more large outsourcing contracts by year-end.
The Company historically realizes its highest revenue in the fourth
quarter. With the momentum China Crescent has built in the first
three quarters, I anticipate the fourth quarter performance this
year, in comparison to the first three quarters, to be even better
than in past years."
Mr. Danner will be hosting a management summit in Shanghai in
two weeks aimed at closing the Company's next large outsourcing
contract anticipated to be a three-year $15 million agreement.
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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.
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Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com
214-722-3060
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