China Crescent Enterprises, Inc. Anticipates Buy-In to Cover Possible Short Sales and Potential Price per Share Increase in Reac
20 Luglio 2009 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the
Company was listed on the Regulation SHO "threshold security" list
after the close of trading Friday, July 17, 2009. Management
anticipates a possible buy-in that could result in an increased
share price.
Regulation SHO Listing Indicates Stock May Have Been Sold
Short
Regulation SHO is intended to provide a regulatory framework
governing short selling of securities. Regulation SHO is designed,
in part, to fulfill several objectives, to include establishing
uniform locate and delivery requirements in order to address
problems associated with failures to deliver and potentially
abusive "naked" short selling (i.e., selling short without having
borrowed the securities to make delivery).
See the following link for more information:
http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold
A Buy-In and Increased PPS May Result to Cover Possible Short
Sales
China Crescent has been added to the threshold security list
because a number of stock sales have been transacted but the actual
shares have not been delivered. The number of failures to deliver
has exceeded the Regulation SHO guidance. China Crescent will
remain on the threshold security list until the specified level of
fails has not exceeded the Regulation SHO standard for five
consecutive settlement days. Any failure to deliver that has
resulted from a "naked" short sale may result in a corresponding
stock purchase to cover the short position. Stock purchasing to
cover short sales can add to the ordinary demand for stock
purchases and correspondingly contribute to an increased price per
share.
Webcast July 21st to Review Strategy to Reach $0.30 Suggested
Fair Value Target PPS
An on-demand Webcast is scheduled for Tuesday, July 21, 2009 to
review the Company's recently announced strategy to deliver
software solutions to the smartphone and mobile computing market in
China enhancing the potential to reach a suggested fair value
target PPS of $0.30.
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.
Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com
214-722-3065
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