(CCTR) China Crescent Announces 3rd Shipment to Latin American Telecommunications Customer and a NewMarket Greenfield Success St
13 Gennaio 2011 - 4:27PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a
third shipment of telecommunications equipment destined for South
America as part of a NewMarket Technology, Inc. (PINKSHEETS: NWMTD)
(OTCQB: NWMTD) Greenfield Partnership Program success story.
NewMarket Greenfield Partners in South America and China
coordinated resources following a Shanghai conference last year to
sign a telecommunications contract anticipated to generate
approximately $1.2 million in revenue over a 12 month contract
period. Under the terms of the contract, China Crescent will
deliver telecommunications equipment to NewMarket's Greenfield
Partner in South America, who will in turn integrate the equipment
and provide support to a major Latin American customer.
NewMarket introduced the Greenfield Partnership Program more
than a year ago to support entrepreneurial, high growth companies
in achieving their operational and business objectives. The program
has expanded to include eight public and private companies so far
and anticipates an even more rapid expansion of member companies in
2011. The Greenfield Partnership Program has been instrumental in
assisting member companies with fundraising and market
penetration.
$160 Million LOI and More Greenfield
News
China Crescent has been working diligently with the NewMarket
Greenfield Partnership Program to expand its business by offering
high quality, affordable technology solutions from China into the
growing economies of East Africa, Latin America and other Asian
countries. For example, since working with the Greenfield Program,
China Crescent has announced the sale of its proprietary GPS
tracking devices to a confidential ICT systems integration firm
headquartered in Nairobi, Kenya in addition to the telecom contract
in South America. Notably, China Crescent has also announced a $1.6
million purchase order for custom Wi-Fi equipment received from a
Japanese client as part of an overall $160 million letter of intent
commitment over the next three years that is subject to the
performance of the initial order.
Record 2010 Financial Performance
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 in 2009. 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.
2011 Systems Integration Continued Growth and
PPS Appreciation Plan
Last week, China Crescent released a Webcast featuring its 2011
strategy to concentrate resources on the continued rapid expansion
of its systems integration business and implement a plan to enable
long-term price per share appreciation in conjunction with
fundamental financial performance.
The Webcast is available on the China Crescent website at
www.chinacrescent.com or directly at
http://tinyurl.com/CCTR1611.
Euronext New York Stock Exchange and Dividend
Strategy
NewMarket CEO Bruce Noller recently conducted a Webcast
highlighting China Crescent's plans to move to a national exchange
and dividend strategy, stating:
"We plan to move China Crescent's and NewMarket's other systems
integration operations onto the Euronext New York Stock Exchange
platform and at the same time, execute a spinoff distribution of
China Crescent's non-systems integration operations."
The NewMarket CEO Webcast is available for on-demand review at
www.newmarkettechnology.com or directly at
http://tinyurl.com/NewMarket1230.
Letter to Shareholders
China Crescent also recently released a letter to shareholders:
http://www.chinacrescent.com/lts_2010_12_15.html. The letter
reviews China Crescent's operational successes in 2010 and
highlights potential operational successes anticipated in 2011. The
letter also reviews the Small Equity Initiative and its
participation in the recent Economist Magazine's World in 2011
Festival that included President Clinton and the Clinton Foundation
and in the United Nations International Strategy for Disaster
Reduction (UNISDR).
2011 Greenfield Partnership Program
Videocast
China Crescent is slated to be featured in a 2011 Greenfield
Partnership Program videocast that was scheduled for release this
Friday, January 14th. Due to scheduling conflicts, the videocast
will be released next week and a link will be posted to China
Crescent corporate website Investor Relations page at
www.chinacrescent.com upon release and a link will be emailed to
the corporate opt-in email database. Recent Webcasts and other
communications are also available for review on the China Crescent
Investor Relations webpage.
Sign Up to Receive Regular China Crescent
Investor Updates
China Crescent sends email updates to its opt-in,
permission-based email database. Interested investors can easily,
safely and quickly register to receive these communications
directly on the corporate website homepage (www.chinacrescent.com).
Recipients can manage their own email contact profile and
unsubscribe at any time.
About NewMarket Greenfield Partnership
Program NewMarket launched the Greenfield Program last year to
facilitate the start-up and early stage development of high-growth
potential businesses. The Greenfield Program concentrates on early
stage, rapid growth opportunities in the world's emerging markets,
with program participants in China, Southeast Asia, South and
Central America and East Africa, in addition to a handful of
program participants in North America.
Follow the Greenfield Partnership Program on Facebook at:
http://tinyurl.com/greenfieldpp and on Twitter at
http://twitter.com/greenfieldpp.
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.
Headquartered in Dallas with operations in China, 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.
"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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