China Crescent Enterprises, Inc. to Review $0.30 Suggested Fair Value Target PPS in Exclusive Webcast Following Successful Outso
13 Ottobre 2009 - 7:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled an
exclusive, on-demand Webcast for release this Thursday, October
15th to report on the senior management outsourcing summit in
Shanghai that is currently underway. The Webcast 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 a review of the Company's previously announced $0.30
suggested fair value target price per share. Earlier today, China
Crescent announced, that as part of the meetings scheduled this
week, the Company has met with a pending new outsourcing client in
Dalian, China to discuss terms for an anticipated $15 million
contract to provide back office and strategic technology services.
Also, this week, the Company reviewed its first major outsourcing
agreement signed earlier this year worth $30 million over three
years. The Company has received high marks from the client and news
that the total revenue value could exceed the originally
anticipated $30 million. The client's business has been enhanced as
a result of the project, and consequently, the services required
from China Crescent could expand as early as next year. Initial
estimates suggest the total contract value could increase to as
high as $50 million over three years.
A link to 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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