Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. to Present Upcoming Africa Trade Mission Open to All Interested Investors
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - August 26, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
has scheduled a Webcast for Tuesday, September 1, 2009, to present the plan
for a trade mission open to investors interested in early stage investment
opportunities in East Africa. The trade mission's itinerary includes a
10-day tour of business opportunities in Kenya. The trade mission has
limited openings. To be added to the list of investors interested in
joining the trade mission, please email trademission@chinacrescent.com.
China Crescent has targeted Kenya as its next foreign market expansion
opportunity. China Crescent recently participated at the African Advanced
Level Telecommunications Institute (AFRALTI) WiMax Conference in Nairobi in
preparation to begin operations in Kenya. Kenya already has a fiber-optic
cable infrastructure in place throughout the country, and three submarine
cables under construction or currently coming on line.
A link to the Webcast is scheduled to be published on Tuesday, September 1,
2009, on the corporate Website at www.chinacrescent.com.
Recently Released Financial Results
The Company recently reported $17 million in revenue and an over 200% net
income increase to $1.1 million through the first six months of 2009. The
Company has forecasted profitable revenue growth in 2009 compared to 2008.
The first six months results beat management expectations. The Company's
financial performance is ahead of the pace anticipated by management as
necessary to meet year-end revenue and net income growth objectives. The
Company reported over $40 million in profitable revenue in 2008.
Corporate E-mail Updates
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Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent Enterprises, Inc. reported over $40 million in profitable
Revenue in 2008. The Company 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.