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(CCTR) China Crescent Record $15 Million 1st Quarter Sales Boosts Company Toward $100 Million Annual Revenue Goal Company Schedules Webcast Wednesday, June 2 to Present 2010 Updated Outlook
.Companies:China Crescent Enterprises, Inc..Press Release Source: China Crescent Enterprises, Inc. On Friday May 28, 2010, 9:33 am DALLAS, TX--(Marketwire - 05/28/10) - China Crescent Enterprises, Inc. (OTC.BB:CCTR - News) today announced a Webcast presentation scheduled for Wednesday, June 2nd to present an updated 2010 outlook following the Company's record first quarter financial performance. China Crescent reported a more than 100% increase in first quarter 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. The Company has announced a goal of reaching $100 million in 2010 annual revenue. The Wednesday presentation is scheduled to review the latest updates to the Company's 2010 outlook and a link to the Webcast will be posted to the corporate website, http://www.chinacrescent.com/, upon release.
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 (http://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 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.
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Thanks for that news. Looking at the charts on this one this news should make this stock break out today. Its not going to take much for this stock to explode. Keep your eyes on this one this morning. This is a perfect entry price and we could see this stock trading back up to .03 or higher in no time at all.
Posts: 221 | Registered: Sep 2009
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CCTR, Here is a company to watch, They have started that there on track for there 100 mil target of gross revenue for the year and there first quarter revuenue of 15 mil which is 480% higher than last years revenue. Keep your eyes on this one today. Yor can read more about the comany and there news here.
China Crescent Schedules Exclusive Webcast to Update 2010 $100 Million Revenue Goal After Achieving 100% Revenue Growth to $15 Million in First Quarter DALLAS, TX, Jun 01, 2010 (MARKETWIRE via COMTEX) -- China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled a Webcast presentation for tomorrow, June 2nd, to present an update on its 2010 outlook and goal of reaching $100 million in 2010 annual revenue, following the Company's record first quarter financial performance. China Crescent reported a more than 100% increase in first quarter 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. A link to the Webcast will be posted to the corporate website, www.chinacrescent.com, upon release.
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 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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