(CCTR) China Crescent and (NUBL) NuMobile Projects in Japan and Africa Featured in Greenfield Update Webcast
08 Febbraio 2011 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) and NuMobile, Inc.
(OTCBB: NUBL), today announced the companies have been featured in
a NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT)
Greenfield Partnership Program regional project update Webcast.
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.
Since joining the Greenfield Program, China Crescent and
NuMobile have gained valuable opportunities to promote
cross-selling into new geographic markets and provide expanded
product and service offerings. The Webcast, which is focused on
providing regional updates on joint projects in Japan and Africa,
including a potential $160 million custom Wi-Fi device project and
wireless metering opportunity, has been posted to both the China
Crescent and NuMobile websites and will be 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.
Last year, China Crescent announced its original design
manufacturing (ODM) subsidiary, Shenzhen Newbao Technology Co.
Ltd., completed the sale of its proprietary GPS tracking devices to
a confidential ICT systems integration firm headquartered in
Nairobi, Kenya. China Crescent's ODM subsidiary manufactures custom
wireless products and is based in Shenzhen, China.
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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