China Crescent Enterprises, Inc. to Present Potential Expansion to $60 Million in Total Outsourcing Contracts Anticipated by Yea
12 Ottobre 2009 - 7:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled an
on-demand Webcast for release this Thursday, October 15th. The
Webcast will report on China Crescent's senior management
outsourcing summit in Shanghai that is currently underway. 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.
Earlier this year, China Crescent signed an outsourcing sales
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.
Today, the Company announced that based on positive client review,
the $30 million outsourcing contract may be expanded to as high as
$50 million over the three-year span of the contract.
The Webcast, scheduled for Thursday, is anticipated to include a
review of outsourcing contract opportunities that may bring the
Company's outsourcing sales to as high as $60 million for 2009 and
to review the Company's previously announced $0.30 suggested fair
value target price per share.
The Webcast is scheduled to be available on the Company's
website www.chinacrescent.com upon release.
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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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