China Crescent Enterprises, Inc. [[CCTR.OB]] today announced the launch of a $30 million service contract in China and expected revenue growth in the second half of 2009. In 2008, the Company reported over $40 million in profitable revenue from its operations in China. Senior Management was in Shanghai this week for the launch of the $30 million contract signed with Beijing Chuangzhitongda Technology Development earlier this year.
Shanghai Summit Webcast
In conjunction with management’s Shanghai Summit meetings, the Company released an on-demand Webcast with a review of Company progress year-to-date and the outlook for the remainder of 2009. The Webcast includes a discussion on the anticipated increase in both revenue and net income and the expected increase in earnings per share in 2009. In 2008, the Company reported over $40 million in profitable revenue. Additionally, the Webcast includes a review of the benefits of recently announced contracts.
A link to the Webcast titled ‘China Crescent Shanghai Summit Webcast (August 6, 2009)’ is available on the Company’s website under Webcasts at www.chinacrescent.com.
Corporate E-mail Updates
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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.
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