China Crescent Enterprises, Inc. to Review Anticipated 4th Quarter Sales and Pending Acquisition in On-Demand Webcast Friday
08 Dicembre 2009 - 7:42PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled an
exclusive Webcast for Friday, December 11, 2009, to review the
previously announced pending acquisition of a China Radio
Technology Ltd subsidiary located in Shenzhen, China.
The Webcast agenda further includes a review of anticipated 4th
quarter sales. Today, China Crescent announced the Company
anticipates sales in the 4th quarter of 2009 to exceed sales in
each of the previous three quarters of 2009. China Crescent
reported $30 million in revenue through the first nine months of
the year ending September 30, 2009, with record net income of $1.8
million. The Company's sales are historically seasonal with its
largest sales and profits usually occurring in the 4th quarter.
Management indicates that 4th quarter sales are anticipated to get
an extra boost this year from two previously announced potential
transactions expected to close this month, to include the pending
acquisition of a China Radio subsidiary located in Shenzhen and the
pending service contract with Aoyuan Electronic Co. Ltd in Dalian,
China, for $36 million over three years. In addition to potentially
boosting December sales for China Crescent, the China Radio
subsidiary is anticipated to produce $20 million in annual revenue
in 2010.
A link to the Webcast is slated to be posted to the corporate
website www.chinacrescent.com upon release.
Sign Up to Receive Regular China Crescent Investor Updates
China Crescent sends regular email updates to its opt-in,
permission-based email database. Interested investors can easily,
safely and quickly register to receive these communications
directly on the corporate website homepage (www.chinacrescent.com).
Recipients can manage their own email contact profile and safely
unsubscribe at any time.
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.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com
214-722-3060
Grafico Azioni China Crescent Enterprises (CE) (USOTC:CCTR)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni China Crescent Enterprises (CE) (USOTC:CCTR)
Storico
Da Lug 2023 a Lug 2024