China Crescent Enterprises, Inc. Plans to Reach fo -

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China Crescent Enterprises, Inc. (OTCBB: CCTR) plans to release a 2009 Virtual Town Hall January 22, 2010. The Virtual Town Hall agenda includes a review of 2009, a preview of the Company's plans for the year ahead and an outline of plans to evolve the Company's growth strategy while adopting lessons learned. The Town Hall agenda will include a presentation on management's plan to reach for $100 million in revenue in 2010.
"Reaching $100 million in revenue in 2010 will not be easy for China Crescent," said CEO Paul Danner. "However, the recent and pending end-of-year transactions are enabling us to consider the possibility and, with some hard work and determination, $100 million is not out of the question."
The Virtual Town Hall is scheduled to be made available online to interested viewers on their own schedule and from their own location. Shareholders and interested investors are asked to submit suggested topics for discussion and questions by 5 pm CST December 28,[link widoczny dla zalogowanych], 2009 to [link widoczny dla zalogowanych].
Recent Acquisition and Outsourcing Services with Potential to Add $30 Million to 2010 Revenue
The China Crescent Virtual Town Hall agenda includes a review of the Company's outsourcing service offering and a recent acquisition.
In 2009, China Crescent began offering a new outsourcing service in order to increase the percentage of revenue from recurring contracts and anticipates finalizing a pending service contract by year-end with Aoyuan Electronic Co. Ltd in Dalian, China, for $36 million over three years, with the potential for as much as $10 million in revenue to be recognized in 2010. The Company has scheduled a Webcast for Friday, December 18th to provide an update on the pending service contract. A link to the Webcast will be posted to the corporate website [link widoczny dla zalogowanych] upon release.
Additionally,[link widoczny dla zalogowanych], the Company recently announced a milestone acquisition of a China Radio Technology Ltd. subsidiary located in Shenzhen that is anticipated to produce $20 million in annual revenue in 2010. China Radio Technology,[link widoczny dla zalogowanych], a Hong Kong-registered company,[link widoczny dla zalogowanych], is a mobile communication hardware and software company that develops and manufactures products for sale in China. The Company released an exclusive Webcast reviewing the milestone acquisition and a link to the Webcast is available on the corporate website [link widoczny dla zalogowanych] under Recent Webcasts titled 'China Crescent Shareholder Update - CRT Acquisition Webcast.'
China Crescent is a systems integration service provider in China that markets technology outsourcing services that include the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell.
The Company reported over $40 million in annual revenue in both 2007 and 2008, and recently reported $30 million in revenue through the first nine months of the year ending September 30,[link widoczny dla zalogowanych], 2009, with record net income of $1.8 million compared to $517k in net income for the same period in 2008.
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.

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