DALLAS, TX--(Marketwire - 05/27/10) - China Crescent Enterprises, Inc. (OTC.BB:CCTR - News) today announced a Webcast presentation conducted by CFO Philip Rauch reviewing the Company's first quarter performance highlights has been released at http://www.chinacrescent.com/. China Crescent reported a more than 100% increase in revenue to nearly $15 million compared to the same period in 2009. Notably, net income increased more than 480% to approximately $657,000 versus the same period in 2009. In the Webcast, Mr. Rauch also reviews the outlook for continued growth throughout 2010 and beyond. China Crescent is a systems integration service provider of brand name technologies and reported $45 million in profitable annual revenue in 2009. The Company's recent expansion into additional lines of business in China, including outsourcing services and original design manufacturing (ODM), has contributed to the growth. The Webcast titled 'China Crescent First Quarter 2010 Review Webcast (May 26, 2010)' is available under Recent Webcasts at http://r20.rs6.net/tn.jsp?t=mm4dbvdab.0.0.pcmgw6cab.0&p=http%3A%2F%2Fwww.chinacrescent.com%2F&id=preview or directly at http://www.chinacrescent.com/wcrq_20100526.htm.
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About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. Following a strategic acquisition last year, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008 and has set a goal of reaching $100 million in revenue in 2010.
Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists 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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