Science & Technology 
Science and Technology
Science and Technology 
Mon, June 15, 2009
Sun, June 14, 2009
Fri, June 12, 2009
Thu, June 11, 2009
China Crescent Enterprises, Inc.: China Crescent Enterprises, Inc. Announces On-Demand Corporate Update Webcast and Shareholder
DALLAS, TX--(Marketwire - June 11, 2009) - China Crescent Enterprises, Inc. (
The Webcast will be available for viewing on-demand. A link for accessing the Webcast will be available on the Company's corporate website [ www.chinacrescent.com ] on June 12th.
$30 Million Outsourcing Services Contract
China Crescent recently filed a Form 8-K regarding the recent $30 million outsourcing services agreement with Shanghai-based Beijing Chuangzhitongda Technology Development. The $30 million in contract revenue is expected to be earned over the three-year contract period. Because of the size of the agreement in relation to the Company's over $40 million in 2008 revenue, the Company has filed a Form 8-K on the material agreement.
The new outsourcing service offering is part of the Company's overall strategy to increase margins and the percentage of its overall revenue generated from recurring contracts. Beijing Chuangzhitongda Technology Development is China Crescent's first outsourcing customer. China Crescent anticipates engaging additional outsourcing customers over the course of the year.
Company Anticipates Reporting Increased Earnings per Share in Q2 '09
The Company recently released a letter to shareholders from CFO Philip J. Rauch. In the letter Mr. Rauch addresses the Company's improving operational maturity, recent recapitalization and anticipated earnings per share increase in the second quarter of fiscal year 2009. In 2008, the Company reported over $40 million in revenue with more than $600,000 in net income.
The letter is available in its entirety at: [ http://finance.yahoo.com/news/China-Crescent-Enterprises-iw-15430380.html ].
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.