Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Announces Exclusive Webcast to Update Suggested Fair Value Target Price Per Share Highlighting Near-Term Return Potential
Tuesday, December 1 Webcast Agenda Includes Recap of $30 Million in Revenue and Record $1.8 Million in Net Income for the Nine Months Ending September 30, 2009
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - November 30, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
has scheduled a shareholder update Webcast for Tuesday, December 1, 2009.
The Webcast will feature an update of the suggested fair value target price
per share highlighting the near-term return on investment (ROI) potential.
Management believes the Company is undervalued with a current share price
that reflects a market capitalization less than the current book value.
The Webcast agenda includes a review of the recently released letter to
shareholders on the enhanced milestone ROI potential and improved long-term
viability of China Crescent. The agenda further includes a recap of the
Company's recently filed third quarter 2009 financial results. The Company
reported $30 million in revenue through the first nine months of the year,
ending September 30, 2009, and record net income of $1.8 million compared
to $517k in net income for the same period in 2008. The Company has
forecasted profitable revenue growth in 2009 compared to 2008. The Company
reported over $40 million in profitable revenue in 2008. A link to the
Webcast is scheduled to be posted to the corporate website homepage
www.chinacrescent.com upon release.
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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.