China Crescent Enterprises, Inc. Closes Management Summit in Beijing as Russian Prime Minister Vladimir Putin Visits Chinese Cap
15 Ottobre 2009 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the
closing of the management summit on outsourcing with a series of
meetings in Beijing that coincided with the state visit of Russian
Prime Minister Vladimir Putin. The management summit kicked off on
Monday in Shanghai with meetings in four cities in China throughout
the week, primarily aimed at reviewing and developing the Company's
growing technology outsourcing business. The Company has been
marketing a new outsourcing service since the beginning of this
year and has already signed $30 million in total revenue value
through the outsourcing services offering. The Company expects to
sign over $60 million in total revenue value by year end.
Outsourcing Contracts Potential Greater Than Anticipated
The scheduled meetings during the summit with prospective new
outsourcing clients exceeded management's expectations. The
magnitude of the opportunities reviewed this week was larger than
management anticipated and may be engaged sooner than expected. The
execution of a letter of intent on an outsourcing agreement is
imminent and may be released later today.
Mobile Software Strategy with NuMobile, Inc. and Alternet
Systems, Inc.
In addition to conducing meetings surrounding the ongoing
development of the growing outsourcing service offering in China,
the summit also reviewed and advanced its mobile software strategy
in China. In its mobile software strategy, China Crescent is
working with NuMobile, Inc. (OTCBB: NUBL), a smartphone and mobile
computing software company growing through a roll-up strategy to
build a portfolio of mobile software solutions, and Alternet
Systems, Inc. (OTCBB: ALYI), a company offering a wide range of
mobile commerce and electronic ticketing payment services and
solutions.
Outsourcing Summit Webcast Available On-Line
Today, China Crescent released an outsourcing summit review
Webcast on its corporate website. The Webcast reviews the Company's
outsourcing services prospects as well as the mobile software
strategy opportunities with NuMobile and Alternet Systems. A link
to the Webcast titled 'China Crescent Outsourcing Summit Review
Webcast' is available at www.chinacrescent.com under Recent
Webcasts.
China Crescent is a systems integration service provider in
China that provides technology outsourcing services and sells and
services brand name technologies such as Microsoft, Oracle, Cisco,
IBM, HP and Dell in addition to selling and servicing innovative
new technologies. China Crescent recently reported record net
income of $1.1 million through the first six months of 2009 on $17
million in revenue. The Company reported over $40 million in
revenue in both 2007 and 2008 and has forecasted reporting $50
million in profitable revenue in 2009.
Corporate E-mail Updates
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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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