China Crescent (CCTR) 2010 $100 Million Outlook and 'Speculative Buy' Recommendation After Reporting 9% Growth in 2009
* Reuters is not responsible for the content in this press release.
DALLAS, TX, Apr 22 (MARKET WIRE) --
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a Webcast
scheduled for Tuesday, April 27th. The Webcast will briefly highlight the
Company's 2009 success and recent independent analyst 'speculative buy'
recommendation. The Webcast will concentrate on providing a status update
on the Company's plans to diversify its systems integration operations
and expand sales outside of China, and will include an update on the
Company's $100 million profitable revenue outlook for 2010. The Webcast
will be conducted by Paul Danner, the Director of Worldwide Business
Operations for China Crescent's parent company. A link to the Webcast
scheduled for Tuesday will be published upon release and emailed to the
China Crescent corporate email database.
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 $45 million in profitable annual
revenue in 2009, after reporting over $40 million in profitable revenue
in both 2007 and 2008.
Independent Analyst 'Speculative Buy'
China Crescent recently released an analyst report from Prime Equity
Research (PER) with a 'speculative buy' rating. The independent analyst
report 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.
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.
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 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:
China Crescent Enterprises, Inc.
ir@chinacrescent.com
214-722-3060
Copyright 2010, Market Wire, All rights reserved.
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