Science & Technology
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Published in Science and Technology on Thursday, August 20th 2009 at 12:26 GMT, Last Modified on 2009-08-20 12:26:14 by Market WireDALLAS, TX--(Marketwire - August 20, 2009) - China Crescent Enterprises, Inc. (
The Company 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.
Webcast to Review Q2'09 Results, 2009 Outlook and $0.30 PPS Target PPS
China Crescent is scheduled to review the Company's second quarter 2009 financial performance in an on-demand Webcast tomorrow, August 21. The Webcast will include an update on Management's optimistic outlook on the Company's 2009 forecasted revenue and net income growth in light of the Q2 results and the recently announced sales contracts. The Webcast will also include a review of the $0.30 fair value target pps and the ongoing potential short squeeze. A link to the Webcast will be available tomorrow on the Company's corporate website [ www.chinacrescent.com ].
Corporate E-mail Updates
To sign up to receive company updates or to obtain more information on the 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.
