Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Launches Technology Outsourcing Anticipated to Bolster Revenue and Profit Growth Beginning in 2009 With First Contract Pending
Friday, May 22nd On-Demand Webcast to Review Profitable First Quarter 2009 to Include Outsourcing Overview and Highlights of Pending Contract
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - May 19, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today announced the
on-demand Webcast scheduled for Friday, May 22nd to review the Company's
profitable first quarter 2009 financial results will include an overview of
the Company's new Technology Outsourcing service. The overview will include
highlights of the Company's first anticipated outsourcing contract. The
outsourcing service, starting with the first anticipated contract, is
expected to bolster revenue and profit growth beginning in 2009. The
Company reported over $40 million in revenue for fiscal year 2008 with more
than $600,000 in net income.
The Webcast will be available for viewing on-demand. A link for accessing
the Webcast will be available on the Company's corporate website on May
22nd.
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. 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.