China Crescent's (CCTR) New ODM Business and Recent $160 Million Letter of Intent to Be Featured in Management Webcast
23 Aprile 2010 - 3:15PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled a
Webcast for Tuesday, April 27th. The Webcast will concentrate on
providing a status update on the Company's plans to diversify its
systems integration operations and expand sales outside of China.
Additionally, the presentation is scheduled to provide an update on
the Company's $100 million profitable revenue outlook for 2010. As
part of the Company's plans to diversify its operations, China
Crescent recently announced a $1.6 million purchase order for
custom Wi-Fi equipment received from a Japanese client as part of
an overall $160 million letter of intent commitment over the next
three years that is subject to the performance of the initial
order. The Webcast is slated to provide a status update on the
Wi-Fi equipment order. The Webcast will also briefly highlight the
Company's 2009 success and recent independent analyst 'speculative
buy' recommendation. The Webcast will be conducted by Paul Danner,
the Director of Worldwide Business Operations for China Crescent's
parent company. A link to the Webcast, scheduled for Tuesday, will
be published upon release at www.chinacrescent.com and emailed to
the China Crescent corporate email database.
Independent Analyst 'Speculative Buy'
China Crescent recently released an analyst report from Prime
Equity Research (PER) with a 'speculative buy' rating. The
independent analyst report provides a description of the China
Crescent investment opportunity and a summary of the Company's
growth strategy and associated risk factors. Additionally, the
report provides analysis of China Crescent's business expansion to
provide services beyond systems integration, including outsourcing
services and original design manufacturing (ODM). The independent
analyst with PER is a Certified Financial Analyst (CFA) in
accordance with the CFA Institute Code of Ethics and Standards for
Professional Conduct. The analyst has previously conducted research
for a number of Western European and North American financial
institutions, including Janney Montgomery Scott. China Crescent
engaged the analyst and paid for the services prior to any
recommendation rating or price target to ensure objective
research.
To review a copy of the initial report, please visit the China
Crescent corporate website at www.chinacrescent.com or the Prime
Equity Research website at www.primeequityresearch.com.
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Investor Updates
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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 strategic acquisition last
year, the Company expanded its business line to include original
design manufacturing (ODM). China Crescent reported $45 million in
profitable revenue in 2009 after reporting over $40 million in
revenue for both 2007 and 2008 and 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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