China Crescent Enterprises, Inc. Announces Independent Analyst Research Coverage and Upcoming Report
02 Marzo 2010 - 3:15PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced
initiating independent analyst research coverage. "China Crescent
is listed on a public exchange where share prices under one dollar
prevail," said Dr. James Jiang, CEO. "It is my opinion that China
Crescent's value exceeds its current share price and I believe an
independent analyst report to address the Company's value is
appropriate. I look forward to the analyst's report being released
promptly. Following the report, and what I anticipate as a price
per share recommendation higher than the current share price, we
will subsequently address how we get from the current share price
to a return on investment potential in keeping with the anticipated
price per share recommendation."
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About China Crescent Enterprises, Inc.
(www.chinacrescent.com)
China Crescent is a systems integration service provider that
markets technology outsourcing services in China including the sale
and service of brand name technologies such as Microsoft, Oracle,
Cisco, IBM, HP and Dell. Following a recent strategic acquisition,
the Company has expanded its business line to include original
design manufacturing (ODM). China Crescent reported over $40
million in profitable revenue in 2008. The Company has reported
record profits through the first 9 months of 2009 and anticipates
reporting record profit in the 2009 annual report. Management has
set a goal of reaching $100 million in revenue in 2010.
Headquartered in Dallas with operations in Shanghai, Shenzhen,
Dalian and Beijing, China Crescent bridges the gap between global
business cultures to assist clients worldwide realize the
advantages of the high quality, low cost technology products and
services available from China. China Crescent also assists 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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