Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Reviews $0.30 Suggested Fair Value Target Price per Share and Highlights Upcoming Potential Milestone Events in Webcast Released Today
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - September 29, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today released a on-demand Webcast hosted by CEO Paul Danner on Company
progress year-to-date, upcoming potential milestone events and the
previously discussed $0.30 suggested fair value target price per share.
The Webcast further details the approximate $45 million in recently
announced outsourcing contracts or pending contracts and reviews growth
opportunities in the technology business environment in China, per recent
reports by Business Monitor International and the Wall Street Journal.
China Crescent is a technology systems integrator and value added reseller
of major global hardware brands, such as Lenovo, Dell and HP, in the
Chinese domestic market. The Company reported over $40 million in revenue
in 2008 and has forecasted $50 million in profitable revenue for 2009, with
plans to possibly increase the forecast following the completion of its
upcoming 3rd quarter financial report.
A link to today's on-demand Webcast, titled 'China Crescent 3rd Quarter
Update with CEO Paul Danner Webcast,' is now available on the Company's
corporate website under Recent Webcasts at www.chinacrescent.com.
Greenfield Program Webcast this Thursday
China Crescent has been participating in the Greenfield program this year
and is scheduled to release a presentation with more details on the program
this Thursday, October 1. The Greenfield program has been developed to
accelerate the introduction of new technologies into new markets while
improving return on investment (ROI) potential. A link to the presentation
is scheduled to be available on the Company's website www.chinacrescent.com
on Thursday, October 1.
Corporate E-mail Updates
To sign up to receive company updates or to obtain more information on the
Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc. (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.