SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

February 28, 2011 12:42 ET

China Crescent Announces Move to Exclusive OTCQB Quotation

DALLAS, TX--(Marketwire - February 28, 2011) - China Crescent Enterprises, Inc. (OTCQB: CCTR) today announced that the Company's stock quotation has moved exclusively to the OTC Markets Group, Inc.'s OTCQB, effective February 23, 2011. The OTCQB is one of three tiers established by OTC Markets and identifies companies that are fully reporting with the SEC, to include China Crescent. China Crescent was previously dually quoted on both the OTCBB and OTC Markets quotation systems. Last week, more than 560 dually quoted companies, including China Crescent, moved to being quoted exclusively on the OTCQB. The FINRA operated OTCBB, now contains approximately 20 securities which are quoted solely on this system and represent less than 0.1% of the average daily dollar volume for the entire OTC market.

 For further information regarding this change, see 'OTCBB Delistings and Rule 15c2-11: What Happened?' at http://tinyurl.com/46tbry6.

More information about OTCQB can be obtained at http://www.otcmarkets.com/learn/otc-market-tiers.

About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent (PINKSHEETS: CCTR) (OTCQB: CCTR) is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Cisco, IBM, HP and Dell. Following a strategic acquisition last year, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008. Headquartered in Dallas with operations in China, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China.

"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.
    Email Contact
    214-722-3060