China Crescent (CCTR) 'Speculative Buy' Recommendation, Including a Suggested Target PPS Representing a Potential 200% Increase,
06 Aprile 2010 - 3:00PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) announced today that
the Company is scheduled to release an online Webcast presentation
Friday, April 9th, to review the recently released analyst report
from Prime Equity Research (PER) with a 'speculative buy' rating
and price per share (PPS) target representing an over 200%
potential increase from today's price. The independent analyst
report further provides a description of the China Crescent
investment opportunity and a summary of the Company's growth
strategy and associated risk factors. Additionally, the report
provides analysis of China Crescent's business expansion to provide
services beyond systems integration, including outsourcing services
and original design manufacturing (ODM). The independent analyst
with PER is a Certified Financial Analyst (CFA) in accordance with
the CFA Institute Code of Ethics and Standards for Professional
Conduct. The analyst has previously conducted research for a number
of Western European and North American financial institutions,
including Janney Montgomery Scott. China Crescent engaged the
analyst and paid for the services prior to any recommendation
rating or price target to ensure objective research.
China Crescent is a systems integration service provider that
also markets technology outsourcing and ODM services, including the
sale and service of brand name technologies such as Microsoft,
Oracle, Cisco, IBM, HP and Dell. China Crescent reported over $40
million in profitable revenue in both 2007 and 2008. The Company
has reported record profits through the first 9 months of 2009 and
anticipates reporting record profit and continued revenue growth in
the 2009 annual report.
To review a copy of the initial report, please visit the China
Crescent corporate website at www.chinacrescent.com or the Prime
Equity Research website at www.primeequityresearch.com.
A link to the Webcast scheduled for Friday will be published
upon release and emailed to the China Crescent corporate email
database.
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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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