(CCTR) China Crescent $1.6 Million Pilot and Potential $160 Million Project Featured in (NUBL) NuMobile Webcast
08 Dicembre 2010 - 3:15PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a
Company project has been featured in a NuMobile, Inc. (OTCBB: NUBL)
Webcast released yesterday. China Crescent selected fellow
Greenfield partner NuMobile to provide a key proprietary software
component for a special purpose Wi-Fi communication device project.
The customer, an undisclosed Japanese firm, has already placed a
$1.6 million purchase order for 100 sets of the device. 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. The Webcast is available for on-demand viewing
through the NuMobile corporate website www.numobileinc.com or
directly at http://tinyurl.com/NUBLMOBILEBANKING.
Third Quarter Results and Planned India
Expansion Webcast
China Crescent has announced plans to release a Webcast tomorrow
including a review of the Company's recent third quarter results,
ongoing analyst coverage and the Indian Business Process
Outsourcing (BPO) industry.
China Crescent recently reported $50.9 million in revenue
through the first nine months of 2010, compared to $30.3 million
for the same period in 2009, a 67% increase. Additionally, the
Company's net income for the first nine months of 2010 was $3.3
million, up from $1.9 million for the same period last year. China
Crescent's revenue and net income through the first three quarters
of 2010 have exceeded the Company's 2009 annual revenue and net
income results. China Crescent achieved $45.6 million in 2009
annual revenue with $2.2 million in net income.
China Crescent recently announced plans to expand into the
Indian BPO market to accelerate revenue growth and increase profit
margins. The Indian BPO industry has experienced steady growth
which is expected to top $70 billion in 2011.
The Webcast 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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