(CCTR) China Crescent Announces 67% Increase in Revenue to $51 Million With $3.3 Million in Net Income Through 3rd Qtr. 2010
22 Novembre 2010 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a
67% increase in revenue, reporting $50.9 million through the first
three quarters of 2010 compared to $30.3 million for the same
period last year. The Company reported $3.3 million in net income
compared to $1.9 million for the same period last year.
China Crescent has scheduled a Q3 2010 Webcast presentation for
tomorrow, November 23, 2010 to review the Company's operational
results for the third quarter of 2010, which ended September 30th.
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 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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