Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3060
China Crescent Enterprises, Inc. $0.30 PPS Suggested Fair Value Target and Next Milestone Validation to Be Featured in Shanghai Summit Webcast
| Source: Bright Side, LLC
DALLAS, TX--(Marketwire - October 9, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
today announced that the next anticipated milestone validation of its
previously announced $0.30 suggested fair value target price per share will
be featured in the on-demand Webcast scheduled to be released Thursday,
October 15th. Management believes the share price is undervalued and does
not reflect the fundamental financial performance of the Company. The
Company has reported over $40 million in revenue the previous two years and
anticipates reporting $50 million in 2009. Net income growth has been at
record levels through the first half of 2009 and the record pace is
expected to continue. In the Webcast, management will report on China
Crescent's senior management outsourcing summit in Shanghai, scheduled for
next week, focused on larger, long-term outsourcing contracts. The report
will include a discussion of the next milestone achievement anticipated by
management to contribute to the ongoing campaign to align share price
performance with fundamental financial performance. The Webcast is
scheduled to be available on the Company's website 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.