China Crescent Enterprises, Inc. CEO Paul Danner to Update Shareholders on 2009 Sales and Operating Income Growth in Webcast Sch
23 Ottobre 2009 - 8:15PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) CEO Paul Danner is
scheduled to present on 2009 sales growth and the Company's
progress year-to-date to improve both operating income and net
income in a Webcast Tuesday, October 27th . China Crescent has been
marketing a new outsourcing service since the beginning of this
year to grow its revenue base with long-term services contracts
that may also improve the Company's project margins. A link to the
Webcast is slated to be posted to the corporate website
www.chinacrescent.com upon release on Tuesday.
China Crescent 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 in both 2007 and 2008, and for the first
six months of 2009, reported $17 million in revenue and record net
income with an over 200% increase to $1.1 million. 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. Management recently
announced that it anticipates the better than expected 2009 sales
pipeline may result in record operating income and profit in 2009,
and management may increase the Company's $50 million 2009 revenue
forecast following the completion of the 3rd quarter report. The
Webcast is also slated to review the previously announced $0.30
suggested fair value target price per share.
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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