(CCTR) China Crescent Plans for Continued Rapid Growth and Increased Profit in 2011 After Surpassing 2009 $45 Million Annual Rev
09 Dicembre 2010 - 4:11PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) plans to release a
Webcast today reviewing the Company's strong financial performance
during the first nine months of the year as well as plans aimed at
continued rapid growth and increased profit in 2011. 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 has 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 are also expected to be featured in the Webcast. The Indian
BPO industry has experienced steady growth which is expected to top
$70 billion in 2011.
The Webcast will be available for review on the Company's
corporate website www.chinacrescent.com or directly at
http://tinyurl.com/ShanghaiReport 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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