(CCTR) China Crescent Releases CFO Webcast Highlighting 2010 Financial Performance With $78 Million in Revenue and $4 Million in
April 28 2011 - 9:37AM
Marketwired
China Crescent Enterprises, Inc. (OTCQB: CCTR) today released a
Webcast from CFO Philip J. Rauch reviewing the Company's 2010
financial performance as reported recently on Form 10-K. The
Company reported $78.2 million in revenue and $4.2 million in net
income for 2010, up from $45.6 million in revenue and $2.2 million
in net income reported in 2009. The Webcast, titled "China Crescent
2010 Annual Report Review Webcast (April 28, 2011)," is available
at www.chinacrescent.com under 'Recent Webcasts.'
Recent Letter to Shareholders and Re-Focus on
Systems Integration China Crescent's parent company, NewMarket
Technology, Inc. (OTCQB: NWMT), recently released a letter to
shareholders and a Webcast from NewMarket CEO Bruce Noller
reviewing the two Companies' plans to re-focus on the information
technology market. The technology services provided by NewMarket
and China Crescent have in previous years been more diverse, but
the Companies are now re-focusing on systems integration.
Additionally, NewMarket has scheduled an on-demand Webcast from CEO
Bruce Noller for release tomorrow, April 29th, to present updates
to the Company's business strategy for 2011.The recent letter and
Webcast are available on the NewMarket corporate website for review
at www.newmarkettechnology.com under 'Investor Relations.'
About China Crescent Enterprises, Inc.
(www.chinacrescent.com) China Crescent (PINKSHEETS: CCTR) (OTCQB: CCTR) 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 in 2009, the Company expanded its
business line to include original design manufacturing (ODM).
Headquartered in Dallas with operations in China, China Crescent
reported $78 million in revenue in 2010.
"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 or NewMarket'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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Contact: China Crescent Enterprises, Inc. Investor Relations
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