China Crescent Enterprises, Inc. Announces Former Dallas Federal Reserve Chairman Ret. Major General Hugh Robinson to Join Board
13 Gennaio 2010 - 7:31PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that
Former Dallas Federal Reserve Chairman, Retired Major General Hugh
Robinson, plans to join the China Crescent Board of Directors
effective February 1st, 2010. This announcement is a preview of a
planned and previously announced comprehensive management
restructuring and reconstitution of the board of directors .
Further details regarding these changes will be released in the
Company's upcoming Virtual Town Hall scheduled for January 22nd,
2010.
$36 Million Services Contract
China Crescent recently announced a three-year contract valued
at $36 million to provide information and telecommunication
technology services to Aoyuan Electronic Co. Ltd located in Dalian,
China. The contract could contribute upwards of $10 million to
China Crescent's revenue in 2010. China Crescent reported over $40
million in annual revenue in both 2007 and 2008, and recently
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 has set a 2010 revenue goal of $100
million.
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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