China Crescent Enterprises, Inc. CEO Danner to Move to New Role and Introduce New CEO to Lead Company to $100 Million Profitable
28 Gennaio 2010 - 8:12PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled an
on-demand Webcast for Thursday, February 4, 2010 to provide a
review of the 2010 strategic kickoff in China and Singapore that
concluded yesterday. Management is also expected to present on the
Company's more than $100 million contract pipeline in China and the
Company's $100 million 2010 revenue objective. Paul K. Danner, the
current CEO of China Crescent, is also expected to introduce the
Company's next CEO, a talented executive with extensive technology
industry experience who is being promoted from within the Company
ranks. Mr. Danner will remain within the family of companies that
includes China Crescent, serving in a more global role. Further
details on his new worldwide responsibilities will also be included
in the Webcast. A link to the Webcast is slated to be published on
the corporate website www.chinacrescent.com upon release on
Thursday, February 4th.
China Crescent is a systems integration service provider that
markets technology outsourcing services in China including the sale
and service of brand name technologies such as Microsoft, Oracle,
Cisco, IBM, HP and Dell. Following a recent strategic acquisition,
the Company has expanded its business line to include original
design manufacturing (ODM). China Crescent reported over $40
million in profitable revenue in 2008. The Company has reported
record profits through the first 9 months of 2009 and anticipates
reporting record profit in the 2009 annual report. Management has
set a goal of reaching $100 million in revenue in 2010.
2010 Virtual Town Hall Available Online
Separately, China Crescent released the Company's 2010 Virtual
Town Hall last Friday, January 22, 2010 which is now available on
the corporate website www.chinacrescent.com. In the Town Hall
videocast presentation, China Crescent CEO Paul K. Danner provides
a review of the Company's 2009 performance and successful launch of
its Outsourcing Services including two substantial, long-term
contracts. Additionally, the presentation provides an overview of
recently announced plans to expand into new business lines, the
acquisition of a China Radio Technology Ltd subsidiary and the
strategy to reach $100 million in 2010 revenue.
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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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