Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. Presents Economy Resilient $30 Million YTD Performance With Record Net Income and Corresponding Shareholder ROI Optimism
ROI Potential Presented Within Over-the-Counter Market Framework Where China Crescent Is One of the Most Active Securities
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - December 1, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today announced that the Company has released and on-demand shareholder
update Webcast. The Webcast reviews the enhanced milestone ROI potential
and improved long-term viability of China Crescent as well as a recap of
the Company's recently filed third quarter 2009 financial results.
December Milestone Share Price Increase Potential
The ROI potential is reviewed within a presentation of the over-the-counter
market. The top 100 most actively traded OTCBB securities have an
approximated weighted average share price of $0.02. China Crescent is a
consistent performer on the top 100 most actively traded securities list.
Substantial revenue opportunities reviewed in the Webcast and anticipated
to close in December could trigger a milestone share price increase and
return on investment opportunity.
Long-Term Return on Investment Potential
The Webcast presents over-the-counter long-term ROI potential as a function
of operational sustainability. An optimistic China Crescent long-term
potential is correspondingly presented as a function of the Company's
recently 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.
$0.30 Suggested Fair Value Target Price Per Share
The Webcast further reviews the previously announced suggested fair value
target price per share of $0.30. Management believes the Company is
undervalued with a current share price that reflects a market
capitalization less than the current book value.
A link to the Webcast is now available the corporate website homepage
www.chinacrescent.com under Recent Webcasts titled 'China Crescent
Shareholder Update Featuring Short-Term & Long-Term ROI Webcast.'
Sign Up to Receive Regular China Crescent Investor Updates
China Crescent sends regular email updates to its opt-in, permission-based
email database. Interested investors can easily, safely and quickly
register to receive these communications directly on the corporate website
homepage (www.chinacrescent.com). Recipients can manage their own email
contact profile and safely unsubscribe at any time.
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.