China Crescent Enterprises, Inc. Announces $0.30 Suggested Fair Value Target Price per Share Update and Reiteration in On-Demand
05 Ottobre 2009 - 7:53PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has reported over
$40 million in revenue for the past two years and has forecasted
reaching $50 million in revenue for 2009. Today the Company
announced that it expects to also report record 4th quarter
operational income that may boost comprehensive net income for
2009.
China Crescent is a technology systems integrator and value
added reseller of major global hardware brands, such as Lenovo,
Dell and HP, in the Chinese domestic market. China Crescent has a
focus on the growing markets in second-tier cities, rural markets,
and small-to-medium enterprises (SMEs) for expanding the Company's
presence in China. Additionally, the Company has plans for
expansion into the growing markets of Southeast Asia and East
Africa to capitalize on the technology and technical infrastructure
needs of those regions as they continue to develop.
The Company's business strategy and suggested fair value PPS of
$0.30 was recently featured in a Greenfield Program presentation.
The Greenfield program has been developed to accelerate the
introduction of new technologies into emerging markets around the
world where technology buying is on the rise, while improving
return on investment (ROI) potential. China Crescent has been
participating in the Greenfield program this year.
A link to the presentation is available on the Company's website
www.chinacrescent.com under Recent Webcasts titled 'Greenfield
Program Presentation.'
Corporate E-mail Updates
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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
214-722-3060
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