China Crescent (CCTR) 'Speculative Buy' to $0.05 vs. Current $0.02 PPS and Upcoming 1st Quarter Report Anticipated to Trigger Po
29 Aprile 2010 - 3:15PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the
Company expects to file its financial results for the first quarter
of 2010 in the coming weeks, in compliance with the regulatory
reporting schedule. Management anticipates the report to reflect
positively upon the Company's efforts to achieve a $100 million
annual revenue goal in 2010. China Crescent recently reported $45
million in revenue and $2.1 million in net income for 2009.
Additionally, China Crescent is currently listed on the Regulation
SHO Threshold Security List. 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 the combination of China Crescent's 2009
results, upcoming first quarter 2010 results and Regulation SHO
listing to potentially trigger a short squeeze. For more
information on the Regulation SHO Threshold List, please visit
http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold.
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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 strategic acquisition last
year, the Company expanded its business line to include original
design manufacturing (ODM). China Crescent reported $45 million in
profitable revenue in 2009 after reporting over $40 million in
revenue for both 2007 and 2008 and 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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