DALLAS, TX--(Marketwire - June 17, 2010) - China Crescent Enterprises, Inc. (
'Speculative Buy' Rating with Target PPS of $0.05
Prime Equity Research released an analyst report on the Company and rated China Crescent a 'Speculative Buy' with a target price per share (PPS) of $0.05. The report provides analysis of China Crescent's business expansion to provide services beyond systems integration, including outsourcing services and ODM. Additionally, the independent analyst report further provides a description of the China Crescent investment opportunity and a summary of the Company's growth strategy and associated risk factors. China Crescent engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research. To review a copy of the report, please visit the China Crescent corporate website at www.chinacrescent.com or the Prime Equity Research website at www.primeequityresearch.com.
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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 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, Oracle, 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 and has set a goal of reaching $100 million in revenue in 2010.
Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, 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. China Crescent also assists 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