DALLAS, TX--(Marketwire - November 3, 2009) - China Crescent Enterprises, Inc. (
OTCBB:
CCTR)
is launching a new investor relations campaign to increase its audience and
improve the quality of communications. Philip Verges, China Crescent Board
Member and Founder, has released a letter to shareholders today to share
more details on the new program and the thinking behind the program.
Dear Fellow Shareholders -
Market awareness is essential for shareholders to realize a potential
return on investment. Increased demand for China Crescent common stock is
necessary for the share price to increase. Adequate trading volume is also
necessary to permit shareholders the opportunity to sell stock when they
decide to realize a return on investment.
At China Crescent, we have never ascribed to the popular conventional
notion that the market simply finds good companies. I am not sure where
this conventional notion comes from. I am sure if a tree falls in the
woods, the noise it might make is irrelevant if no one is there to hear it.
China Crescent has taken responsibility for its own market awareness by
implementing a variety of promotion campaigns throughout its operating
history.
Most recently, China Crescent has been pursuing a high frequency press
release campaign to elevate market awareness. We have issued press on a
daily basis and sometimes twice daily. The information in each press
release frequently overlaps with information in previous press releases.
The purpose of the redundant releases is to reach a wider audience. We
publish similar information under a variety of headlines. Each headline is
intended to capture a different audience. Some investors search the
internet for Chinese business development opportunities, some for wireless
technology initiatives and others for aggressive growth companies -- to
name but a few investment criteria. China Crescent may have single
milestone events that entail all three example criteria above and perhaps
more. Accordingly, we might release the same news three times to capture
all three audiences.
We currently believe we have saturated the potential of a high frequency
press campaign to elevate market awareness. The new market awareness
strategy will involve no more press releases except for milestone events or
other time sensitive information. We will otherwise regularly communicate
to shareholders through regular email newsletters and a weekly webcast. If
a newsletter or webcast includes material information, the Company will
file an SEC form 8K to disclose the material information.
The new awareness strategy will work best for those interested investors
that are included in the China Crescent email database. You can easily and
quickly register your email to receive these communications by going to the
corporate website homepage (
www.chinacrescent.com) and entering your email
address.
As part of the new market awareness campaign, China Crescent will also
begin to explore newly available social media technologies to improve the
interactive aspect of our communications with the market place. Look for a
social media pilot to be launched from the Company's website soon.
The market awareness or investor relations change introduced today is not
our first and I am certain it will not be our last. We will continue to
explore innovative new ways to elevate the reach of our communications and
the quality of our communications. The founders and managers at China
Crescent believe the Company's fundamental financial performance is
undervalued. We further believe the potential of China Crescent is even
more substantially undervalued. Nevertheless, we remain optimistic that
obstacles currently standing in the way of China Crescent's potential value
can be overcome. We are more dedicated than ever to knocking down those
obstacles.
Best Regards,
Philip Verges
Board Member and Founder
China Crescent Enterprises, Inc.
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.
Contact Information: Contact:
China Crescent Enterprises, Inc.
ir@chinacrescent.com
214-722-3060