Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Announces $0.30 Suggested Fair Value Target Price per Share Update and Reiteration in On-Demand Webcast Presentation
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - October 5, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
has reported over $40 million in revenue for the past two years and has
forecasted reaching $50 million in revenue for 2009. Today the Company
announced that it expects to also report record 4th quarter operational
income that may boost comprehensive net income for 2009.
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. China Crescent has a focus on the growing markets
in second-tier cities, rural markets, and small-to-medium enterprises
(SMEs) for expanding the Company's presence in China. Additionally, the
Company has plans for expansion into the growing markets of Southeast Asia
and East Africa to capitalize on the technology and technical
infrastructure needs of those regions as they continue to develop.
The Company's business strategy and suggested fair value PPS of $0.30 was
recently featured in a Greenfield Program presentation. The Greenfield
program has been developed to accelerate the introduction of new
technologies into emerging markets around the world where technology buying
is on the rise, while improving return on investment (ROI) potential. China
Crescent has been participating in the Greenfield program this year.
A link to the presentation is available on the Company's website
www.chinacrescent.com under Recent Webcasts titled 'Greenfield Program
Presentation.'
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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.