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China Crescent Enterprises, Inc. Schedules CEO
Webcast to Report YTD Progress on Track to Meet $50 Million Revenue
Forecast and Announce Target Fair Value Share Price
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Sep 17, 2008
China Crescent Enterprises, Inc. (OTCBB: CCSE) CEO Paul K. Danner
will conduct a Webcast Friday, September 19 at 12:30 pm EDT. During
the Webcast, Mr. Danner will discuss the Company's year-to-date
progress to meet or exceed its profitable $50 million revenue
forecast.
$19.2 Million In Revenue in First Six Months of 2007 with Seasonal
Increase Expected in Last Six Months
The Company reported $19.2 million in revenue for the first six
months of 2008, reflecting an 11% increase in revenue over the first
six months of 2007. Net income for the first six months of 2008 was
$321 thousand compared to a loss of $22 thousand for the same period
last year. The Company has reported four continuous quarters of
profitability with continued revenue growth. The Company anticipates
seasonally higher sales in the 3rd and 4th quarters compared to the
1st and 2nd quarters.
Micros Report Analyst Report Update and New Target Fair Value Share
Price
Micros Report is expected to release a research report update from
Michael Willingham, Director of Research, on Friday following the
CEO webcast. Micros Report initiated research coverage and published
his first report on China Crescent in December 2007.
A link to the Webcast will be available on the Company's corporate
Website at www.chinacrescent.com titled "China Crescent Year-to-Date
Corporate Update."
Corporate E-mail Updates
To be added to China Crescent's e-mail database to receive company
updates or to obtain more information on the Company, please send an
e-mail to ir@chinacrescent.com or call 214-722-3065.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent Enterprises, Inc. 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.
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