China Crescent Enterprises (CCTR) Plans to Grow From $45 Million in Annual Revenue to Its $100 Million Goal This Year Through Ge
28 Aprile 2010 - 3:51PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has released a
Webcast on the Company's diversification and expansion plans to
introduce new business lines and expand sales outside of China.
Most recently, the Company has diversified by opening an original
design manufacturing (ODM) business line. Yesterday, management
announced developing an opportunity to acquire an integrated
circuit (microchip) manufacturing operation in China.
The Webcast, conducted by China Crescent's parent company's
Director of Worldwide Business Operations Paul Danner, reviews both
the Company's plans for geographic expansion into East Africa and
India and for diversification of its business offerings. The
Webcast provides a review of a $1.6 million purchase order for a
Wi-Fi equipment-related project and a $160 million letter of intent
that is subject to the performance of the initial order.
Additionally, the Webcast reviews China Crescent's Greenfield
Program partnerships with NuMobile, Inc. (OTCBB: NUBL), as it
applies to the Wi-Fi equipment-related project, and Nova Energy,
Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE), and the Companies' plans for
East Africa. Finally, the Webcast reviews China Crescent's plans in
India and plans to further diversify into the telecom software
industry in China. The Webcast is available for on-demand viewing
China Crescent's corporate website www.chinacrescent.com or
directly at http://chinacrescent.com/wcdu_20100427.htm.
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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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