China Crescent Enterprises, Inc. Reports Record Financial Results and Anticipated Price per Share Increase Supported by Potentia
21 Agosto 2009 - 3:25PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today released an
on-demand Webcast reviewing the Company's second quarter 2009
financial results recently filed on SEC Form 10-Q.
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. The Company has forecasted profitable revenue growth in 2009
compared to 2008. The first six months results beat management
expectations. The Company's financial performance is ahead of the
pace anticipated by management as necessary to meet year end
revenue and net income growth objectives. The Company reported over
$40 million in profitable revenue in 2008.
Webcast to Review Q2'09 Results, 2009 Outlook and $0.30 PPS
Target PPS
Today's Webcast reviews the Company's second quarter 2009
financial performance and includes an update on Management's
optimistic outlook on the Company's 2009 forecasted revenue and net
income growth in light of the Q2 results and the recently announced
sales contracts. The Webcast also includes a review of the $0.30
fair value target pps and the ongoing potential short squeeze.
A link to today's Webcast titled 'China Crescent 2nd Quarter
Review Webcast' is now available on the Company's corporate website
under Recent Webcasts at www.chinacrescent.com.
Corporate E-mail Updates
To sign up to receive company updates or to obtain more
information on the Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc.
(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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