(CCTR) China Crescent Strategy to Accelerate Revenue Growth and Increase Profits With Expansion Into India to Be Featured in Web
04 Novembre 2010 - 3:43PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR), a NewMarket
Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield
Partnership Program participant company, will be featured in a
Webcast tomorrow, November 5 discussing a letter of intent
announced this week with an India-based systems integration firm.
NewMarket and China Crescent had previously announced plans to
expand into India as part of a plan to accelerate revenue growth
and increase bottom line results. A link to the Webcast will be
made available on the companies' websites upon release and sent to
the opt-in email databases.
Separately, China Crescent's successes since joining the
Greenfield program and $100 million 2010 revenue objective were
featured in a recent Greenfield Webcast. The Webcast is currently
available for review at www.chinacrescent.com titled 'NewMarket
Greenfield Program United Nations Benchmark Webcast.' The
Greenfield Program concentrates on early stage, rapid growth
opportunities in the world's emerging markets, with program
participants in China, Southeast Asia, South and Central America
and East Africa, in addition to a handful of program participants
in North America.
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
reported $31.7 million in revenue for the first six months of 2010,
up 87% compared to $16.9 million in revenue for the first six
months in 2009. Net income increased to $1.12 million for the
second quarter 2010 compared to $1.02 million for second quarter
2009 and for the first six months of 2010, net income was $1.77
million compared to $1.14 million for 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, 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. Email Contact
214-722-3060
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