China Crescent Enterprises, Inc. Anticipates Buy-In to Comply With Regulation SHO
21 Agosto 2009 - 8:55PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that
the Company remains listed on the Regulation SHO Threshold Security
List. SEC Regulation SHO targets abusive naked short selling by
reducing failure to deliver securities and by limiting the time in
which a broker can permit failures to deliver. The Regulation SHO
Threshold Security List reports any stock where more than 0.5% of a
company's total outstanding shares failed delivery for five
consecutive days.
"Management remains confident that the Company's share price
will increase based on its fundamental financials and record
performance in the first six months of this year and in reaction to
the Company's continued listing on the Regulation SHO threshold
list," stated Philip M. Verges, Founder and Board Member.
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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.
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Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com
214-722-3065
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