(CCTR) China Crescent and (NUBL) NuMobile ODM Wi-Fi Project Update to Be Included in Q3 Webcast
17 Novembre 2010 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled a Q3
2010 Webcast presentation for next Tuesday, November 23, 2010 to
review the Company's operational results for the third quarter of
2010, which ended September 30th. China Crescent announced today
plans to include an update on the special purpose Wi-Fi
communication device project the Company has been working on in
conjunction with NuMobile, Inc. (OTCBB: NUBL).
Earlier this year, China Crescent received a $1.6 million ODM
purchase order from a confidential Japanese customer for 100 sets
of a special purpose Wi-Fi communication device. NuMobile was
selected by China Crescent to provide a key proprietary software
component for the project. Based on a formal letter of intent, the
Japanese customer has committed to purchase 10,000 of the custom
Wi-Fi devices for a total of $160 million over the next three
years, subject to the performance of the first 100 sets.
NuMobile is building a portfolio of security and software
solutions for the global mobile computing and smartphone market.
NuMobile completed two acquisitions in 2009 and is currently in the
final stages of a Kenya-based mobile wallet acquisition with
approximately $5 million in annualized revenue. NuMobile recently
filed its Q3 2010 report with 3000% revenue growth to $393k in the
first nine months of 2010 compared to the first nine months of
2009. NuMobile has set a $20 million annual revenue objective for
2011.
China Crescent, a systems integration service provider of brand
name technologies operating primarily in China, reported $45
million in profitable annual revenue in 2009. Through the first six
months of 2010, China Crescent reported $31.7 million in revenue,
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.
A link to the Q3 2010 Webcast presentation will be posted to the
Company's corporate website www.chinacrescent.com upon release.
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About NuMobile, Inc. (www.numobileinc.com) NuMobile is
building a portfolio of security and software solutions for the
global mobile computing and smartphone market. Through a roll-up
strategy, NuMobile plans to acquire and develop mobile computing
solutions for a variety of applications, including mobile banking,
for the global marketplace. The demand for mobile security and
software applications is being driven in large part by the growing
number of mobile phone sales into emerging economies that currently
do not have substantial access to the Internet via desktop
computing. Already in North America, the Company has also forged a
partnership in the Chinese market and is developing a plan for the
emerging economies of Latin America and East Africa. NuMobile is a
SEC fully-reporting public company listed on the Over-the-Counter
Bulletin Board.
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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