China Crescent Announces Move to Exclusive OTCQB Quotation
28 Febbraio 2011 - 6:42PM
Marketwired
China Crescent Enterprises, Inc. (OTCQB: CCTR) today announced that
the Company's stock quotation has moved exclusively to the OTC
Markets Group, Inc.'s OTCQB, effective February 23, 2011. The OTCQB
is one of three tiers established by OTC Markets and identifies
companies that are fully reporting with the SEC, to include China
Crescent. China Crescent was previously dually quoted on both the
OTCBB and OTC Markets quotation systems. Last week, more than 560
dually quoted companies, including China Crescent, moved to being
quoted exclusively on the OTCQB. The FINRA operated OTCBB, now
contains approximately 20 securities which are quoted solely on
this system and represent less than 0.1% of the average daily
dollar volume for the entire OTC market.
For further information regarding this change, see 'OTCBB
Delistings and Rule 15c2-11: What Happened?' at http://tinyurl.com/46tbry6.
More information about OTCQB can be obtained at
http://www.otcmarkets.com/learn/otc-market-tiers.
About China Crescent Enterprises, Inc.
(www.chinacrescent.com) China Crescent (PINKSHEETS: CCTR)
(OTCQB: CCTR) 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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