China Crescent Enterprises, Inc. Anticipates Record Operating Income and Profit on Forecasted $50 Million in 2009 Revenue With B
20 Ottobre 2009 - 3:08PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) is a systems
integration service provider in China that markets technology
outsourcing services that include the sale and service of brand
name technologies such as Microsoft, Oracle, Cisco, IBM, HP and
Dell. China Crescent reported over $40 million in annual revenue
for 2008. The Company reported $17 million in revenue and record
net income with an over 200% increase to $1.1 million for the first
six months of 2009. The Company's sales are historically seasonal
with its largest sales and profits usually occurring in the 4th
quarter. The Company has forecasted $50 million in profitable
revenue for 2009.
Better than Expected 2009 Sales Pipeline
The Company recently announced a letter of intent to provide
outsourcing services to Aoyuan Electronic Co. ltd in Dalian, China,
for $36 million over three years. The finalization of the contract
with Aoyuan would bring the total long-term revenue value of China
Crescent's outsourcing contracts signed in 2009 to approximately
$66 million. Management anticipates the better than expected 2009
sales pipeline may result in record operating income and profit on
the Company's forecasted $50 million in 2009 revenue.
Outsourcing Summit Webcast Available On-Line
China Crescent conducted a series of meetings across four cities
in China last week in conjunction with the Company's scheduled
outsourcing management summit, primarily aimed at reviewing and
developing the Company's growing technology outsourcing business.
China Crescent posted a Webcast to review the week's highlights. A
link to the Webcast titled 'China Crescent Outsourcing Summit
Review Webcast' is available at www.chinacrescent.com under Recent
Webcasts.
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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