TopDollar Investing

[Slimer84]

(CCTR) China Crescent Plans to Increase Profits by Seizing Market Advantage in Growing India BPO Trend That Includes Tata and Infosys Looking to Chinese IT Market
(CCTR) China Crescent Plans to Increase Profits by Seizing Market Advantage in Growing India BPO Trend That Includes Tata and Infosys Looking to Chinese IT Market
Nov. 9, 2010 (Marketwire) --

DALLAS, TX -- (Marketwire) -- 11/09/10 -- China Crescent Enterprises, Inc. (OTCBB: CCTR) recently announced a letter of intent that would establish a new sales channel for the Company to provide services to India's Business Process Outsourcing (BPO) market . Today, the Company released a Webcast to present an overview of the LOI and China Crescent's strategy to accelerate revenue growth and increase profit margins. The India BPO strategy is being executed in partnership with NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT). In addition to presenting details on LOI terms and plans to reach a $100 million annual revenue objective from the sale of India BPO services, the Webcast also includes background on the trend of current India BPO firms such as Tata and Infosys turning to the Chinese technology market. With a $40 million in annual revenue operation already established in China, China Crescent believes it has a market advantage in the pursuit of the current India BPO trend in China.

The Webcast is currently available for on-demand review at http://tinyurl.com/35rmwry.

China Crescent is a systems integration service provider of brand name technologies operating primarily in China that reported $45 million in profitable annual revenue in 2009. China Crescent reported $31.7 million in revenue for the first six months of 2010, up 87% compared to $16.9 million in revenue for the first six months in 2009. Net income increased to $1.12 million for the second quarter 2010 compared to $1.02 million for second quarter 2009 and for the first six months of 2010, net income was $1.77 million compared to $1.14 million for the same period 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.

Sign Up to Receive Regular China Crescent Investor Updates
China Crescent sends 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 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, 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.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
China Crescent Enterprises, Inc.
Email Contact
214-722-3060






Source: Marketwire (November 9, 2010 - 9:24 AM EST)

News by QuoteMedia
www.quotemedia.com