(CCTR) China Crescent and (NUBL) NuMobile Schedule Webcast to Present Update on Projects in Japan and Africa
01 Febbraio 2011 - 9:58PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) and NuMobile, Inc.
(OTCBB: NUBL), both members of the NewMarket Technology, Inc.
(PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partnership Program,
today announced a joint Webcast scheduled for next Tuesday,
February 8 to provide an update on projects in Japan in Africa.
China Crescent and NuMobile joined the Greenfield Program to gain
valuable opportunities to promote cross-selling into additional
geographic markets and provide expanded product and service
offerings. To date, the Greenfield Program has already provided
multiple partner opportunities resulting in sizeable contracts. A
link to the Webcast will be posted upon release to China Crescent
and NuMobile's websites and emailed to the respective corporate
opt-in email databases.
$160 Million LOI in Japan
Last year, China Crescent entered into a formal letter of intent
(LOI) agreement with an undisclosed Japanese firm to develop and
provide 10,000 custom Wi-Fi devices. In conjunction with the LOI,
the Japanese firm placed a $1.6 million purchase order for 100 sets
of the device in order to conduct a pilot test. NuMobile has been
selected by China Crescent to provide a key proprietary software
component for the special purpose Wi-Fi communication device. 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.
East Africa Expansion:
NuMobile, China Crescent and fellow Greenfield partner Savanna
East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) have partnered
to build a wireless broadband network in Nairobi, Kenya. The
broadband network is intended to provide a wireless meter reading
capability to local utility companies. After successful completion
of the testing phase, the wireless broadband project is expected to
expand throughout Nairobi, followed by expansion to additional
cities and countries throughout East Africa.
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 NuMobile, Inc. (www.numobileinc.com) NuMobile is
building a portfolio of security and software solutions for the
global mobile computing and smartphone market. Through a roll-up
strategy, NuMobile plans to acquire and develop mobile computing
solutions for a variety of applications, including mobile banking,
for the global marketplace. The demand for mobile security and
software applications is being driven in large part by the growing
number of mobile phone sales into emerging economies that currently
do not have substantial access to the Internet via desktop
computing. Already in North America, the Company has also forged a
partnership in the Chinese market and is developing a plan for the
emerging economies of Latin America and East Africa. NuMobile is a
SEC fully-reporting public company listed on the Over-the-Counter
Bulletin Board.
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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