China Crescent Enterprises, Inc. Announces Share Price up 30% on Increased Volume at Midday
15 Maggio 2009 - 7:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) share price is up
over 30% as of midday on higher than usual trading volume. Earlier
this week, the Company's corporate ticker symbol changed from
(OTCBB: CCSE) to "CCTR" in conjunction with a previously announced
strategy to establish price per share (PPS) traction.
The Company has released a Webcast on its PPS growth strategy
and recent ticker symbol change. A link to the Webcast titled
'China Crescent CCTR Ticker and PPS Growth (May 13, 2009)' is
available on the Company website under Current Events and
Communications at:
http://www.newmarkettechnology.com/about-newmarket-china.htm. For
assistance accessing or listening to the Webcast, please email
ir@chinacrescent.com or call 214-722-3065.
Earlier today the Company announced being listed on the
Regulation SHO "threshold security" list yesterday May 14, 2009
(link: http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold).
Management anticipates a possible buy-in that could result in an
increased share price. As defined in Rule 203(c)(6) of Regulation
SHO, a "threshold security" is any equity security of any issuer
that is registered under Section 12 of the Exchange Act, or that is
required to file reports under Section 15(d) of the Exchange Act
(commonly referred to as reporting securities), where, for five
consecutive settlement days:
-- There are aggregate fails to deliver at a registered clearing agency
of 10,000 shares or more per security;
-- The level of fails is equal to at least one-half of one percent of the
issuer's total shares outstanding; and
-- The security is included on a list published by a self-regulatory
organization (SRO).
A security ceases to be a threshold security if it does not
exceed the specified level of fails for five consecutive settlement
days. The Company will be available to answer questions regarding
CCTR's listing on the Regulation SHO list and questions regarding
possible short sales and buy-ins to cover possible short sales.
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.
(http://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.
"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.
Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com
214-722-3065
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