(CCTR) China Crescent Posts Milestone Catalysts and Potential ROI Webcast
13 Luglio 2010 - 4:49PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today released a
Webcast presenting anticipated milestone catalysts that could
potentially create both a share price increase and meaningful
return on investment (ROI)for shareholders. The Webcast also
reviews the Prime Equity Research (PER) recently issued research
update on the Company with a reiterated 'Speculative Buy' rating
and target PPS of $0.0516 for China Crescent.
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 is now available on the corporate website
www.chinacrescent.com under Recent Webcasts.
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.
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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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