(CCTR) China Crescent Record $15 Million 1st Quarter Sales Boosts Company Toward $100 Million Annual Revenue Goal
28 Maggio 2010 - 3:33PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a
Webcast presentation scheduled for Wednesday, June 2nd to present
an updated 2010 outlook following the Company's record first
quarter financial performance. China Crescent reported a more than
100% increase in first quarter revenue to nearly $15 million
compared to the same period in 2009. Notably, net income increased
more than 480% to approximately $657,000 versus the same period in
2009. The Company has announced a goal of reaching $100 million in
2010 annual revenue. The Wednesday presentation is scheduled to
review the latest updates to the Company's 2010 outlook and a link
to the Webcast will be posted to the corporate website,
www.chinacrescent.com, upon release.
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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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