China Crescent Enterprises, Inc. Anticipates Revenue and Operational Income Increase in Second Half of Year From Seasonal Trend
07 Ottobre 2009 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced an
anticipated revenue and operational income increase in the second
half of 2009 compared to the first half of 2009 expected from the
Company's historical seasonal trend and as a result of significant
sales year-to-date. In the past two years, the Company's revenue
per quarter has consistently grown throughout the calendar year,
with the highest quarterly revenues for the year coming in the
fourth quarter.
The Company reported $17 million in revenue and an over 200% net
income increase to $1.1 million through the first six months of
2009. Earlier this year, the Company signed its first major
outsourcing contract worth $30 million and has recently announced
signing a letter of intent agreement for an anticipated $15 million
outsourcing contract expected to be closed in the fourth quarter.
The Company has forecasted $50 million in revenue for 2009 and has
scheduled a senior management outsourcing summit next week in
Shanghai intended to focus on larger, long-term outsourcing
contracts.
Progress Report Presentation Hosted by CEO Paul Danner
Last week, CEO Paul Danner hosted a presentation on the
Company's progress year-to-date and further details on the
approximate $45 million in recently announced outsourcing contracts
or pending contracts. A link to the online, on-demand presentation,
titled 'China Crescent 3rd Quarter Update with CEO Paul Danner
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.
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Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com
214-722-3060
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