China Crescent Enterprises, Inc. Announces Plan to Introduce Smartphone Software to Largest Mobile Phone Market in the World Wit
21 Luglio 2009 - 3:40PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has posted an
on-demand Webcast on its corporate website. The Webcast reviews the
Company's recently announced strategy to deliver software solutions
to the smartphone and mobile computing market in China and includes
an overview of the product offering and the market opportunity.
Additionally, the Webcast includes discussion on the Company's
recent listing on the Regulation SHO "threshold security" list and
the potential positive impact this listing may have on the
Company's share price and a suggested fair value price per share of
$.30.
Regulation SHO Listing Indicates Stock May Have Been Sold
Short
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 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 to Review Smartphone and Mobile Computing Strategy
A link to today's Webcast titled 'Mobility Partnership and Fair
Value Target PPS Update (Reg SHO Threshold Overview) (July 21,
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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