DALLAS, TX--(Marketwire - July 20, 2010) - China Crescent Enterprises, Inc. (
"Good intentions and honest objectives are the best investment criteria when it comes to early stage companies quoted on the over-the-counter market," said Philip Verges, NewMarket Founder and Chairman in a comment summing up his detailed Webcast released yesterday. "I hope NewMarket shareholders and interested investors, as well as those interested in the NewMarket Greenfield program, can find 20 minutes to listen to my Webcast. I recently had an insightful shareholder meeting that I highlight in the Webcast as part of the presentation on my perspective of the recent analyst report 'speculative buy' rating. The over-the-counter market has a number of sometimes confusing complexities, but the best guidance I believe through all the complexity is to pursue investment opportunities founded in good intentions and honest objectives."
The Webcast discussion is initiated around a recent analyst report update rating NewMarket as a 'speculative buy' with a target price per share of $0.27. The webcast is titled 'Founder Perspective on $0.27 Target PPS and the Real ROI Potential Webcast (July 19, 2010),' and is available on NewMarket's investor relations Webpage: http://www.newmarkettechnology.com/investor-relations.htm.
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About NuMobile, Inc. (www.numobileinc.com)
NuMobile, Inc. (NUBL) is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.
About Savanna East Africa, Inc. (www.savannaea.com)
Savanna East Africa, Inc. (NVAE), previously named Nova Energy, Inc., launched an updated corporate strategy early this year to pursue several business lines in the growing economy of East Africa, initially in Kenya. Nova has already begun several initiatives in the region to include initiatives in the Technology, Utility, Housing and Health products industries. The Company is also continuing to grow its existing oil and gas reclamation business with new management and business strategies.
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