China Crescent Enterprises, Inc. Announces Management Restructuring and Reconstitution of Board
05 Gennaio 2010 - 3:05PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that
a substantial management restructuring and reconstitution of the
board of directors is in the works. The details are planned to be
released at the upcoming Virtual Town Hall scheduled for January
22nd, 2010.
"China Crescent and the NewMarket Technology family of companies
have grown substantially from their entrepreneurial foundation,"
said Philip Verges, founder and board member of China Crescent and
CEO and Chairman of NewMarket Technology, Inc. "The NewMarket
family of companies will be undergoing a management and director
change as a substantial part of a next step in growth and maturity
beyond our entrepreneurial foundation. We anticipate the management
changes to have a positive impact on the overall potential for
continued growth."
The management and director changes are expected to take place
in phases beginning February 1, 2010 and continuing through April
1, 2010.
China Crescent Virtual Town Hall January 22, 2010
China Crescent plans to release a 2009 Virtual Town Hall on
January 22, 2010. The Virtual Town Hall agenda 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.
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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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