China Crescent Announces Sale of Proprietary GPS Tracking Devices Into East Africa
27 Luglio 2010 - 3:50PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the
Company's original design manufacturing (ODM) subsidiary, Shenzhen
Newbao Technology Co. Ltd., recently completed the sale of its
proprietary GPS tracking devices to a confidential ICT systems
integration firm headquartered in Nairobi, Kenya. China Crescent
has been working diligently with the NewMarket Greenfield
Partnership Program to expand its business by offering high
quality, affordable technology solutions from China into the
growing economies of East Africa. China Crescent's ODM subsidiary
manufactures custom wireless products and is based in Shenzhen,
China. The Company expects to complete subsequent sales of GPS
tracking devices in the region based on initial customer
satisfaction. Earlier this year, China Crescent also 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.
China Crescent is a systems integration service provider of
brand name technologies operating primarily in China that reported
$45 million in profitable annual revenue in 2009. China Crescent
recently 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's recent
expansion into additional lines of business in China, including
outsourcing services and original design manufacturing (ODM), has
contributed to the growth.
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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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