China Crescent Enterprises, Inc. Releases Exclusive Webcast to Discuss Recent Increased Share Price and Trading Volume and to Fu
09 Luglio 2009 - 2:41PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today released a
statement following two consecutive days of high trading volume and
a substantial increase in share price.
"The 2009 Global Fortune 500 list was released yesterday and the
information technology industry was a top performer in profit
growth," said Philip Verges, founder and board member of China
Crescent and managing board member of the Company's majority
shareholder. "Notably, brand name technology stocks have been some
of the market's top performers so far this year. Research In
Motion, the maker of the Blackberry, is up 72%, Apple's share price
is up 64%, Google, IBM, and Qualcomm are all up approximately 20%
to 30%. I believe smaller technology companies such as China
Crescent have the potential to follow suit and experience similar
share price increases. China Crescent has been concentrating on
improving net income performance and recently announced it expects
to double net income in 2009 compared to 2008 and that the increase
in net income could be more than double. The Company reported over
$40 million in profitable revenue in 2008. The Company also
reported increased net income in the first quarter of 2009 compared
to the first quarter of 2008. The Company expects second quarter
results to reflect continued progress toward increased revenue and
net income growth objectives for 2009. I believe the recent trading
volume and share price increases are a combination of an overall
optimistic outlook for the technology sector as represented in the
2009 Global Fortune 500 list and the result of the Company's
ongoing initiative to improve the visibility of its revenue and net
income growth. Even with the recent increased share price, I still
consider China Crescent's current share price to be highly
discounted. The Company recently announced a suggested fair value
price per share of $0.30. With my optimism for China Crescent, I
also remind everyone interested in investing in any early stage
company quoted on an over the counter market to review that
company's public filings to fully understand not only the potential
value of purchasing shares at discounted prices, but also to
evaluate the various risks associated with such an investment."
The Company has released an on-demand Webcast to review the
expected doubling of net income in 2009 compared to 2008. The
Webcast includes a review of Company's increased year-to-date sales
compared to last year's sales. The presentation also includes a
preview of the anticipated positive 2nd quarter results and an
update of the suggested fair value target price per share of $0.30
originally presented in a Webcast on May 13th (the original Webcast
is available on the Company's website at
http://www.newmarkettechnology.com/webcast_ccse_20090513.htm).
A link to today's Webcast titled '2009 Net Income Objective and
Suggested Fair Value Target PPS Potential Webcast (July 9, 2009)'
is available on the Company's website under Webcasts at:
http://www.newmarkettechnology.com/about-newmarket-china.htm.
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. reported over $40 million in
profitable Revenue in 2008. The Company 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.
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Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com
214-722-3065
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