Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Announces $36 Million Information Technology and Telecommunication Services Contract
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - January 7, 2010) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today announced a three-year contract to provide information and
telecommunication technology services to Aoyuan Electronic Co. Ltd located
in Dalian, China. The contract is valued at $36 million and could
contribute upwards of $10 million to China Crescent's revenue in 2010.
China Crescent reported $30 million in revenue through the first nine
months of the year ending September 30, 2009, with record net income of
$1.8 million. The Company 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.
China Crescent Virtual Town Hall January 22, 2010
China Crescent plans to release a 2009 Virtual Town Hall on January 22,
2010. The Virtual Town Hall agenda includes a review of 2009, a preview of
the Company's plans for the year ahead and an outline of plans to evolve
the Company's growth strategy while adopting lessons learned.
The Virtual Town Hall is scheduled to be made available online to
interested viewers on their own schedule and from their own location.
Sign Up to Receive Regular China Crescent Investor Updates
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.