(CCTR) China Crescent Reviews Expansion Into Outsourcing Services and ODM and 2010 $100 Million Revenue Goal in On-Demand Webcas
07 Giugno 2010 - 5:11PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has posted an
on-demand Webcast presentation reviewing the Company's
diversification into new business lines and its goal of reaching
$100 million in 2010 annual revenue. China Crescent is a systems
integration service provider of brand name technologies and
reported $45 million in profitable annual revenue in 2009. The
Company's recent expansion into additional lines of business in
China, including outsourcing services and original design
manufacturing (ODM), has contributed to the growth. The
presentation includes a review of the Company's record first
quarter financial performance as it reflects on the $100 million
goal. 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. A link to
the Webcast titled
'China Crescent 2010 $100
Million Revenue Goal Update Webcast' is available on the
corporate website www.chinacrescent.com under Recent Webcasts.
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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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