China Crescent (CCTR) 'Speculative Buy' Recommendation, Including a Suggested Target PPS Representing a Potential 200%
* Reuters is not responsible for the content in this press release.
DALLAS, TX, Apr 06 (MARKET WIRE) --
China Crescent Enterprises, Inc. (OTCBB: CCTR) announced today that the
Company is scheduled to release an online Webcast presentation Friday,
April 9th, to review the recently released analyst report from Prime
Equity Research (PER) with a 'speculative buy' rating and price per share
(PPS) target representing an over 200% potential increase from today's
price. 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. Additionally, the report
provides analysis of China Crescent's business expansion to provide
services beyond systems integration, including outsourcing services and
original design manufacturing (ODM). The independent analyst with PER is
a Certified Financial Analyst (CFA) in accordance with the CFA Institute
Code of Ethics and Standards for Professional Conduct. The analyst has
previously conducted research for a number of Western European and North
American financial institutions, including Janney Montgomery Scott. China
Crescent engaged the analyst and paid for the services prior to any
recommendation rating or price target to ensure objective research.
China Crescent is a systems integration service provider that also
markets technology outsourcing and ODM services, including the sale and
service of brand name technologies such as Microsoft, Oracle, Cisco, IBM,
HP and Dell. China Crescent reported over $40 million in profitable
revenue in both 2007 and 2008. The Company has reported record profits
through the first 9 months of 2009 and anticipates reporting record
profit and continued revenue growth in the 2009 annual report.
To review a copy of the initial report, please visit the China Crescent
corporate website at www.chinacrescent.com or the Prime Equity Research
website at www.primeequityresearch.com.
A link to the Webcast scheduled for Friday will be published upon release
and emailed to the China Crescent corporate email database.
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 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 recent strategic acquisition, the Company has expanded
its business line to include original design manufacturing (ODM). China
Crescent reported over $40 million in profitable revenue in 2008. The
Company has reported record profits through the first 9 months of 2009
and anticipates reporting record profit in the 2009 annual report.
Management 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:
China Crescent Enterprises, Inc.
ir@chinacrescent.com
214-722-3060
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