The Company reported $17 million in revenue and an over 200% net incomeincrease to $1.1 million through the first six months of 2009. The Companyhas forecasted profitable revenue growth in 2009 compared to 2008. Thefirst six months results beat management expectations. The Company’sfinancial performance is ahead of the pace anticipated by management asnecessary to meet year end revenue and net income growth objectives. TheCompany reported over $40 million in profitable revenue in 2008.
Webcast to Review Q2’09 Results, 2009 Outlook and $0.30 PPS Target PPS
Today’s Webcast reviews the Company’s second quarter 2009 financialperformance and includes an update on Management’s optimistic outlook onthe Company’s 2009 forecasted revenue and net income growth in light of theQ2 results and the recently announced sales contracts. The Webcast alsoincludes a review of the $0.30 fair value target pps and the ongoingpotential short squeeze.
Corporate E-mail Updates
China Crescent Enterprises, Inc. reported over $40 million in profitableRevenue in 2008. The Company is a technology leader in the rapidlydeveloping Chinese market specializing today in software engineering, highquality software development and digital multimedia outsourcing servicesdelivered to customers globally. At the same time, the firm is a systemsintegrator and value added reseller of major global hardware brands in theChinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, ChinaCrescent bridges the gap between Western and Eastern business cultures toassist Western clients in realizing the advantages of the high quality, lowcost technology products and services available from China. China Crescentalso assists Western clients in localizing products and services to realizethe tremendous growth potential available by expanding into the ChineseMarket.
“SAFE HARBOR STATEMENT” UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACTOF 1995
This press release distribution contains forward-looking statements that involve risksand uncertainties. The statements in this release are forward-lookingstatements that are made pursuant to safe harbor provision of the PrivateSecurities Litigation Reform Act of 1995. Actual results, events andperformance could vary materially from those contemplated by theseforward-looking statements. These statements involve known and unknownrisks and uncertainties, which may cause China Crescent’s actual results infuture periods to differ materially from results expressed or implied byforward-looking statements. These risks and uncertainties include, amongother things, product demand and market competition. You shouldindependently investigate and fully understand all risks before makinginvestment decisions.