China Crescent Enterprises, Inc. to Discuss $0.30 PPS Target Update and 2009 Revenue Forecast Increase in Exclusive Webcast Tues
25 Settembre 2009 - 3:15PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has announced a
Webcast scheduled for release on its corporate website Tuesday,
September 29th. The Webcast is scheduled to provide an update on
the Company's ongoing strategy to align share price and fundamental
financial performance. The Company has previously discussed a $0.30
suggested fair value target price per share in earlier Webcast
presentations.
Furthermore, the Webcast is slated to include more information
on recently announced plans to increase the Company's 2009 revenue
forecast following the completion of its upcoming 3rd quarter
financial report. With $45 million in recently announced
outsourcing contracts or pending contracts, the Company is on track
to achieve its previously forecasted $50 million in profitable
revenue for 2009. The Company has reported approximately $40
million in annual revenue for the previous two years.
Additionally, the Webcast will include a review of the 'buy'
recommendation issued recently by American Bulls
(www.americanbulls.com) and the investment profile published by
Reuters (www.reuters.com) on September 20, 2009.
China Crescent is a systems integrator and value added reseller
of major global hardware brands in the Chinese domestic market to
include Lenovo and Dell. Brands the Company sells and supports also
include Hewlett-Packard, IBM, Cisco, Sony, Epson, Canon and Sanyo.
Additionally, the Company is an authorized reseller of operating
system, database, middleware and application software from
Microsoft, Red Hat, Oracle, Sybase, IBM, BEA, Veritas and
others.
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.
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Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com
214-722-3060
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