Science & Technology
Science and Technology
Science and Technology
Mon, December 14, 2009
Sun, December 13, 2009
Fri, December 11, 2009 China Crescent Enterprises, Inc. Reviews Milestone Acquisition With Anticipated $20 Million in Annual Revenue in Exclusive Webc
DALLAS, TX--(Marketwire - December 11, 2009) - China Crescent Enterprises, Inc. (
China Crescent is a systems integration service provider in China that markets technology outsourcing services that include the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell, and China Radio Technology Ltd., a Hong Kong-registered company, is a mobile communication hardware and software company that develops and manufactures products for sale in China.
Pending Service Contract with Potential to Deliver $10 Million in 2010 Revenue
The Webcast released today also includes a review of the recently announced pending service contract with Aoyuan Electronic Co. Ltd in Dalian, China, for $36 million over three years, with potentially as much as $10 million in revenue that may be recognized in 2010.
The Webcast agenda further includes a review of anticipated 4th quarter sales and the potential boost to 4th quarter sales the recent acquisition may have. The Company anticipates sales in the 4th quarter of 2009 to exceed sales in each of the previous three quarters of 2009.
A link to the Webcast is available on the corporate website [ www.chinacrescent.com ] under Recent Webcasts titled 'China Crescent Shareholder Update - CRT Acquisition Webcast.'
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China Crescent sends regular email updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage ([ www.chinacrescent.com ]). Recipients can manage their own email contact profile and safely unsubscribe at any time.
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.
