(CCTR) China Crescent Announces Greenfield OTC Investment Strategy Tutorial for Investors and Entrepreneurs
15 Febbraio 2011 - 7:09PM
Marketwired
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a
Webcast scheduled for release Thursday, February 17th from the
NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT)
Greenfield Partnership Program to present an over-the-counter
market investment strategy tutorial. The Webcast is targeted at
both novice and advanced OTC investors as well as entrepreneurs
seeking growth capital from the OTC Private Investment in Pubic
Equity (PIPE) market.
"The good news for OTC investors should be that average share
prices are up according to OTCBB statistics," said Philip Verges
founder of the Greenfield Partnership Program. "However, I would
not suggest an investment strategy based on an OTCBB increasing
price per share trend. While the average OTCBB price per share
increased approximately 35% in 2010 compared to 2009, the number of
securities traded on the OTCBB decreased by almost 30%. The number
of market makers per OTCBB security is down 67% from January 2010
to January 2011. The number of total positions held in OTCBB
securities is down 72%. Nevertheless, total share volume and dollar
volume is up. The OTC environment is changing dramatically. Both
OTC investors and entrepreneurial management teams need to review
the changing OTC landscape and correspondingly update their go to
market strategies."
The Greenfield Partnership Program was launched more than a year
ago to support entrepreneurial, high growth companies in achieving
their operational and business objectives and has been instrumental
in assisting member companies with fundraising and market
penetration. China Crescent has been working diligently with the
NewMarket Greenfield Partnership Program to expand its business by
offering high quality, affordable technology solutions from China
into the growing economies of East Africa, Latin America and other
Asian countries.
China Crescent recently reported $50.9 million in revenue
through the first nine months of 2010, compared to $30.3 million
for the same period in 2009, a 67% increase. Additionally, the
Company's net income for the first nine months of 2010 was $3.3
million, up from $1.9 million for the same period in 2009. China
Crescent's revenue and net income through the first three quarters
of 2010 has exceeded the Company's 2009 annual revenue and net
income results. China Crescent achieved $45.6 million in 2009
annual revenue with $2.2 million in net income.
A link to the Webcast will be posted to www.chinacrescent.com
upon release and emailed to the corporate opt-in email
database.
About NewMarket Greenfield Partnership
Program NewMarket launched the Greenfield Program last year to
facilitate the start-up and early stage development of high-growth
potential businesses. The Greenfield Program concentrates on early
stage, rapid growth opportunities in the world's emerging markets,
with program participants in China, Southeast Asia, South and
Central America and East Africa, in addition to a handful of
program participants in North America.
Follow the Greenfield Partnership Program on Facebook at:
http://tinyurl.com/greenfieldpp and on Twitter at
http://twitter.com/greenfieldpp.
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, 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. Headquartered
in Dallas with operations in China, 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.
"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. Email Contact
214-722-3060
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