China Crescent Enterprises, Inc. Anticipated $20 Million in Annual Revenue From Acquisition of China Radio Technology Ltd. Subsi
10 Dicembre 2009 - 7:08PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) plans to present
more details on the agreement announced earlier today to acquire a
China Radio Technology Ltd. subsidiary in an exclusive Webcast
tomorrow. The China Radio subsidiary, located in Shenzhen, is
anticipated to produce $20 million in annual revenue in 2010. China
Radio Technology Ltd., a Hong Kong-registered company, is a mobile
communication hardware and software company that develops and
manufactures products for sale in China.
Shenzhen is located north of Hong Kong in the Guangdong
province. According to Wikipedia, Shenzhen is considered one of the
fastest growing cities in the world and is home to the headquarters
of numerous high-tech companies, and as home to the Shenzhen Stock
Exchange and the recently launched ChiNext exchange, is considered
a major financial center in Southern China. Shenzhen is also a
major port and, in 2007, was ranked the 4th busiest in the world
for container traffic.
A link to the Webcast is slated to be posted to the corporate
website www.chinacrescent.com upon release.
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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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