Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Reports Record Profits With Expected Expansion and Growth Highlighted in Back-to-Back Webcasts Tomorrow and Wednesday
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - August 31, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
recently reported record profits of $1.1 million in net income and $17
million in revenue for the first six months of 2009. The Company has
forecasted profitable revenue growth in 2009 compared to 2008 in which the
Company reported over $40 million in profitable revenue.
This week, the Company has scheduled two on-demand corporate Webcasts. The
first, scheduled for Tuesday, September 1, will present the Company's
recently announced plans for expansion into Africa, including a planned
trade mission to Kenya. The second Webcast, scheduled for Wednesday,
September 2 is scheduled to review the Company's $50 million profitable
revenue forecast, recent Hong Kong contract and $30 million in new
business. Links to the Webcasts will be available on their scheduled
release dates on the Company's website www.chinacrescent.com.
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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.