(CCTR) China Crescent Record $51 Million Revenue Through 3rd Qtr. and YTD Update Webcast Featuring Projects With (NVAE) Savanna
30 Novembre 2010 - 3:20PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has released a Third
Quarter Review Webcast highlighting the Company's third quarter and
YTD results. China Crescent reported $50.9 million in revenue
through the first 9 months of the year, compared to $30.3 million
for the same period in 2009, a 67% increase. Additionally, the
Company's net income for the first 9 months of 2010 was $3.3
million, up from $1.9 million for the same period last year. The
Webcast also provides an update on projects the Company is
currently engaged in with NuMobile, Inc. (OTCBB: NUBL) and Savanna
East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE). NuMobile and
China Crescent are working on a special purpose Wi-Fi communication
device pilot, while Savanna and China Crescent have partnered on
the recent sale of GPS enabled radios in Nairobi.
China Crescent, along with NuMobile and Savanna East Africa, is
part of the NewMarket Technology, Inc. Greenfield Partnership
Program. The Greenfield program was launched in 2009 to accelerate
the introduction of new technologies into emerging markets around
the world where technology buying is on the rise, while improving
return on investment (ROI) potential. The Greenfield program
assists in providing startup and development stage partner
companies the collaboration opportunities and support necessary to
win key contracts and grow their businesses. Companies are chosen
to participate in the partnership program based on their technology
and service offerings in conjunction with the emerging geographic
markets in which they currently participate, such as China, Latin
America and East Africa.
The Webcast titled "China Crescent Third
Quarter Review & YTD Webcast" is available for on demand
viewing on the Company's corporate website, www.chinacrescent.com
or directly at http://tinyurl.com/CCTRQ3Webcast.
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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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