China Crescent Enterprises, Inc. Announces Exclusive Webcast to Update Suggested Fair Value Target Price Per Share Highlighting
30 Novembre 2009 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled a
shareholder update Webcast for Tuesday, December 1, 2009. The
Webcast will feature an update of the suggested fair value target
price per share highlighting the near-term return on investment
(ROI) potential. Management believes the Company is undervalued
with a current share price that reflects a market capitalization
less than the current book value.
The Webcast agenda includes a review of the recently released
letter to shareholders on the enhanced milestone ROI potential and
improved long-term viability of China Crescent. The agenda further
includes a recap of the Company's recently filed third quarter 2009
financial results. The Company reported $30 million in revenue
through the first nine months of the year, ending September 30,
2009, and record net income of $1.8 million compared to $517k in
net income for the same period in 2008. The Company has forecasted
profitable revenue growth in 2009 compared to 2008. The Company
reported over $40 million in profitable revenue in 2008. A link to
the Webcast is scheduled to be posted to the corporate website
homepage www.chinacrescent.com upon release.
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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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