China Crescent (CCTR) Reports Record Net Income on 9% Revenue Growth to $45 Million
16 Aprile 2010 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) filed its 2009
annual report yesterday. The Company reported nine percent revenue
growth to $45 million with net income of $2.1 million. The net
income is the highest ever achieved by the Company. Last year,
China Crescent introduced two new service lines. The Company began
selling outsourcing services as part of a plan to increase the
percentage of revenue coming from recurring contracts, and in the
fourth quarter of last year, the Company diversified into original
design manufacturing (ODM) through acquisition. The Company plans
to post an on-demand Webcast to the corporate website later today
conducted by Philip J. Rauch, Chief Financial Officer, to review
more highlights from the financial report. The Webcast is also
expected to include further information on the Company's two new
lines of business. To find links to the China Crescent 2009
financial report or the Webcast scheduled for release later today,
visit the 'Quick Links' section of the corporate website
www.chinacrescent.com.
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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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