Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Anticipates Potential "Milestone" Price per Share Increase
On-Demand Webcast Available on Company Website Reviews Recent Price per Share Performance and "Milestone" Price Performance Expectations
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - September 10, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
has published a strategic corporate Webcast on the Company's website
(www.chinacrescent.com) titled 'China Crescent Post Labor Day Update
Webcast (September 8, 2009).' The Webcast provides an update of the
Company's $0.30 suggested fair value target price per share. Additionally,
the presentation includes a review of management's "milestone" price per
share performance expectations in light of trading activity since May of
this year.
The twenty-minute presentation, which has slide selection functionality,
includes a review of the Company's $50 million revenue goal for 2009.
China Crescent reported $17 million in revenue and an over 200% net income
increase to $1.1 million through the first six months of 2009. The Company
reported over $40 million in profitable revenue in 2008. The Company's
sales are historically seasonal, increasing throughout the year and usually
reporting the largest sales and profits in the 4th quarter.
Corporate E-mail Updates
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Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc. (http://www.chinacrescent.com/)
China Crescent Enterprises, Inc. reported over $40 million in profitable
Revenue in 2008. The Company is a technology leader in the rapidly
developing Chinese market specializing today in software engineering, high
quality software development and digital multimedia outsourcing services
delivered to customers globally. At the same time, the firm is a systems
integrator and value added reseller of major global hardware brands in the
Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China
Crescent bridges the gap between Western and Eastern business cultures to
assist Western clients in realizing the advantages of the high quality, low
cost technology products and services available from China. China Crescent
also assists Western 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.