Science & Technology
Science and Technology
Science and Technology
Wed, October 21, 2009 China Crescent Enterprises, Inc.: China Crescent Enterprises, Inc. Forges Africa-China Connection With Trade Mission to Kenya O
DALLAS, TX--(Marketwire - October 21, 2009) - China Crescent Enterprises, Inc. (
China Crescent Expansion into Africa
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. Broadband adoption in Africa is expected to experience 28% growth annually through 2013 as undersea cables come online. Kenya has one submarine cable in place with two additional cables expected by 2011. The expanded capacity for broadband in Africa is expected to reduce costs by nearly 75%, making broadband affordable to end-users. Africa's current broadband system relies heavily on satellite for broadband communication, which typically costs about 20 times more than broadband offerings in the U.S. A recent report by Pyramid Research stated, "By early 2011, we expect that more than half of all African markets will have 3G, while broadband coverage is increasing daily via both wireless and wireline technologies." China Crescent plans to position itself to provide the necessary products and services to facilitate and profit from the inevitable Internet usage demand growth and related government and business technology needs in Kenya.
China Crescent is a systems integration service provider in China that sells and services brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell in addition to selling and servicing innovative new technologies. The Company reported over $40 million in revenue in both 2007 and 2008 and has forecasted reporting $50 million in profitable revenue in 2009.
Beacon Equity Features China Crescent's Focus on Africa
China Crescent's focus on Africa was recently featured in an investment report on the Company issued by Beacon Equity on September 8, 2009.
Excerpt from Beacon Equity Report on China Crescent's Africa Business Plan
"Africa, in particular, is an important strategic area of the world because of its potential for significant raw materials trade with China's resources-needy manufacturing base. Major investment and infrastructure commitments in the region are in-place and growing, allowing the Company to increase revenue as a supplier of lower-cost, value-added technologies."
To read the entire report visit: [ http://www.beaconequity.com/i/CCTR ].
BeaconEquity.com is one of the industry's largest small-cap report providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. Beacon provides investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit [ http://www.BeaconEquity.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.
