China Crescent Enterprises, Inc. Reviews Revenue and Profit Contribution From New Outsourcing Service and Previews 2010 in Updat
18 Dicembre 2009 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today released an
on-demand Webcast focused on a pending $36 million, three-year
contract with Aoyuan Electronic Co. Ltd located in Dalian, China,
that management expects to close by year-end. China Crescent would
provide outsourcing services for the client, to include desktop
computing and telecommunications. China Crescent launched its
outsourcing services business line earlier this year and expects
the impact of its initial success to be reflected in fourth quarter
2009 financials. Additionally, the Company's sales are historically
seasonal with its largest sales and profits usually occurring in
the 4th quarter. 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 contract with
Aoyuan Electronic Co. Ltd. could contribute upwards of $10 million
to China Crescent's revenue in 2010. In conjunction with this first
potential contract in Dalian, one of the strongest cities in China,
China Crescent is also looking to further expand its services in
the surrounding region. The Webcast also discusses China Crescent's
near and long-term potential, anticipated 4th quarter results and
upcoming Virtual Town Hall scheduled for release on January 22,
2010.
A link to the Webcast is available on the corporate website
www.chinacrescent.com under Recent Webcasts titled 'China Crescent
Shareholder Update - Dalian Potential $36 Million Contract
Webcast.'
Recent Milestone Acquisition with Potential to Add $20 Million
to 2010 Revenue
Last Week, China Crescent announced the acquisition of a China
Radio Technology Ltd. subsidiary located in Shenzhen that is
anticipated to produce $20 million in annual revenue in 2010. China
Radio Technology, a Hong Kong-registered company, is a mobile
communication hardware and software company that develops and
manufactures products for sale in China.
China Crescent released an exclusive Webcast reviewing the
milestone acquisition and a link to the Webcast is available on the
corporate website www.chinacrescent.com under Recent Webcasts
titled 'China Crescent Shareholder Update -- CRT Acquisition
Webcast.'
China Crescent Virtual Town Hall January 22, 2010
China Crescent plans to release a 2009 Virtual Town Hall on
January 22, 2010, and the agenda includes a review of the Company's
outsourcing service offering and recent acquisition. The Virtual
Town Hall agenda also includes a review of 2009, a preview of the
Company's plans for the year ahead and an outline of plans to
evolve the Company's growth strategy while adopting lessons
learned.
The Virtual Town Hall is scheduled to be made available online
to interested viewers on their own schedule and from their own
location. Shareholders and interested investors are asked to submit
suggested topics for discussion and questions by 5 pm CST December
28, 2009 to townhall@chinacrescent.com.
Sign Up to Receive Regular China Crescent Investor Updates
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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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