Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Announces Sales Growth in South East Asia With an Approximate 39% Increase in Revenue and 15% Increase in Net Income
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - April 22, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCSE )
today announced sales growth in South East Asia. The majority of China
Crescent's revenue is derived from technology product and service sales
contracts signed and serviced in China. The Company is expanding sales
outside China as part of a strategy to increase operating margins. South
East Asia is one of the first geographic regions the Company targeted for
increased sales. The Company reports that their South East Asia sales
expansion efforts are producing positive results. A recent internal review
reported an approximate revenue increase of 39% with a net income increase
of 15% compared to results from the previous year.
The Company will conduct a Webcast Friday, April 24 to present its strategy
for increasing sales and improving operating margins through the challenges
of the current economic conditions. The Webcast will include more detail
on the Company's sales in South East Asia. The Webcast will be available
for viewing on demand, and a link for accessing the Webcast will be
available on the Company's corporate website on April 24th.
Corporate E-mail Updates
To be added to China Crescent's e-mail database to receive company updates
or to obtain more information on the Company, please send an e-mail to
ir@chinacrescent.com or call 214-722-3065.
About China Crescent Enterprises, Inc. (http://www.chinacrescent.com/)
China Crescent Enterprises, Inc. is a technology leader in the rapidly
developing Chinese market specializing today in software engineering, high
quality software development and digital multimedia outsourcing services
delivered to customers globally. At the same time, the firm is a systems
integrator and value added reseller of major global hardware brands in the
Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China
Crescent bridges the gap between Western and Eastern business cultures to
assist western clients in realizing the advantages of the high quality, low
cost technology products and services available from China. China Crescent
also assists Western 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.