(Source: MARKETWIRE)
China Crescent Enterprises, Inc. (OTCBB: CCTR) plans to release an
exclusive Webcast on its corporate website tomorrow, September 29th.
The Webcast agenda features details on recently announced plans to
increase the Company's 2009 revenue forecast following the completion
of its upcoming 3rd quarter financial report. With $45 million in
recently announced outsourcing contracts or pending contracts, the
Company is on track to achieve its previously forecasted $50 million
in profitable revenue for 2009. The Company has reported
approximately $40 million in annual revenue for the previous two
years and has previously discussed a $0.30 suggested fair value
target price per share.
Technology service providers are in the news recently and tomorrow's
Webcast will include an overview of the news and what it might mean
for China Crescent. Included in the review of industry news will be
the recent acquisition announcements of Perot Systems by Dell, and
Affiliated Computer Services by Xerox, as well as the acquisition of
EDS by Hewlett-Packard announced last year. The Webcast will also
review recent Chinese technology market news featured by Business
Monitor International and the Wall Street Journal, both of which
released feature articles on the Chinese government subsidy program
to fuel PC sales in rural China.
A link to the Webcast will be available on the Company's website
www.chinacrescent.com upon release.
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.
Contact:
China Crescent Enterprises, Inc.
ir@chinacrescent.com
214-722-3060
SOURCE: China Crescent Enterprises, Inc.
A service of YellowBrix, Inc.
