China Crescent (CCTR) Short Squeeze PPS Increase Potential Continues With Recent $0.0289 PPS on High Trading Volume Compared to
15 Marzo 2010 - 3:27PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) announced today that
the Company remains listed on the Regulation SHO "threshold
security" list. The current listing initiated on March 8, 2010. 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. Management anticipates
possible buy-in pressure, in conjunction with the listing, could
result in an increased price per share (PPS). China Crescent's PPS
recently reached a high 100% above the current share price. On
February 24th, the PPS reached $0.0289 on high trading volume
compared to the most recent close at $0.0138.
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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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