(CCTR) China Crescent to Host Investment Review Webcast Highlighting Record Financial Performance, Anticipated Future Milestones
09 Luglio 2010 - 3:15PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) is scheduled to
conduct a milestone investing strategy Webcast Tuesday, July 13th,
to present the Company's return on investment (ROI) potential in
conjunction with a recently issued research update from Prime
Equity Research (PER) with a reiterated 'Speculative Buy' rating
and target PPS of $0.0516. The Webcast will also highlight upcoming
anticipated performance milestones as well as review recent record
financial performance.
China Crescent is a systems integration service provider of
brand name technologies operating primarily in China that reported
$45 million in profitable annual revenue in 2009. China Crescent
recently reported a more than 100% increase in first quarter
revenue to nearly $15 million compared to the same period in 2009.
Notably, net income increased more than 480% to approximately
$657,000 versus the same period in 2009. The Company's recent
expansion into additional lines of business in China, including
outsourcing services and original design manufacturing (ODM), has
contributed to the growth. The research update provides a review of
Company progress since PER initiated research coverage on the
Company, to include review of acquisitions and geographic expansion
plans. A link to the Webcast will be posted to the corporate
website www.chinacrescent.com upon release.
PER Research Report update with Reiterated 'Speculative Buy'
Rating and Target PPS of $0.0516
To review a copy of the PER initial research report or the
recently issued update, please visit the China Crescent corporate
website at www.chinacrescent.com under Investor Relations or the
Prime Equity Research website at www.primeequityresearch.com.
The independent analyst with Prime Equity Research is a CFA®
(Chartered Financial Analyst®) charterholder. 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.
Sign Up to Receive Regular China Crescent Investor Updates
China Crescent sends regular email updates to its opt-in,
permission-based email database. Interested investors can easily,
safely and quickly register to receive these communications
directly on the corporate website homepage (www.chinacrescent.com).
Recipients can manage their own email contact profile and safely
unsubscribe at any time.
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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