China Crescent Enterprises, Inc. Announces Webcast

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China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced an on-demand Webcast scheduled to be released Thursday, October 15th. The Webcast will report on China Crescent's senior management outsourcing summit in Shanghai, scheduled for next week,[link widoczny dla zalogowanych], focused on larger,[link widoczny dla zalogowanych], long-term outsourcing contracts. The Webcast is meant to provide an update on year-to-date progress and an overview of what to expect in the fourth quarter,[link widoczny dla zalogowanych], including pending contracts. The Webcast is scheduled to be available on the Company's website [link widoczny dla zalogowanych] upon release.
Strong Second Half of 2009 Expected
China Crescent recently announced an anticipated revenue and operational income increase in the second half of 2009 compared to the first half of 2009 expected from the Company's historical seasonal trend and as a result of significant sales year-to-date. In the past two years, the Company's revenue per quarter has consistently grown throughout the calendar year, with the highest revenues coming in the fourth quarter.
The Company reported $17 million in revenue and an over 200% net income increase to $1.1 million through the first six months of 2009. Earlier this year, the Company signed its first major outsourcing contract worth $30 million and has recently announced signing a letter of intent agreement for an anticipated $15 million outsourcing contract expected to be closed in the fourth quarter. The Company has forecasted $50 million in revenue for 2009.
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