China Crescent Enterprises, Inc. PPS Increase Potential From Upcoming Milestone Events Featured in Not-For-Profit Small Equity I
04 Marzo 2010 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the
Company has been featured in an on-demand Webcast from the
not-for-profit Small Equity Initiative being released later today.
The Webcast presents the milestone investment strategy developed to
enhance return on investment potential for self-directed retail
investors when making investments in early stage, publicly listed
companies. The milestone return on investment potential of China
Crescent is reviewed in the presentation. The Webcast is scheduled
to be released later today at www.smallequity.com and a direct link
to the presentation will be
http://www.smallequity.com/wb_mi_3_4_2010.html.
India Expansion Plans
China Crescent has recently announced plans to expand into India
as part of a strategy to increase global sales and net income. The
Company anticipates reporting record net income on over $40 million
in revenue in the annual report for 2009. The Company has also
announced a $100 million profitable revenue target for 2010 in
addition to announcing a number of large long-term contracts.
$160 Million ODM Contract
China Crescent also recently announced receiving a $1.6 million
original design manufacturing (ODM) purchase order from a
confidential Japanese customer for 100 sets of a special purpose
Wi-Fi communication device. Based on a formal letter of intent
signed by all parties, the Japanese customer has committed to
purchase 10,000 of the custom Wi-Fi devices for a total of $160
million dollars over the next three years, subject to the
performance of the first 100 sets.
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About China Crescent Enterprises, Inc.
(www.chinacrescent.com)
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.
Headquartered in Dallas with operations in Shanghai, Shenzhen,
Dalian and Beijing, China Crescent bridges the gap between global
business cultures to assist clients worldwide realize the
advantages of the high quality, low cost technology products and
services available from China. China Crescent also assists 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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