Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Releases Information on the Recent FINRA Limit Order Protection Rule
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - January 8, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCSE )
participated in a Webinar for OTC issuers on December 10, 2008 that
discussed in detail the changes surrounding the new FINRA Limit Order
Protection rule put into place on November 11, 2008. The new rule, meant to
increase transparency and improve market efficiency and the quality of
executions for investors, states that broker-dealers that handle customer
limit orders in OTC equities, which includes any OTCBB or Pink Sheet quoted
equities, whether received from their own customers or from another member
firm, cannot trade ahead of customer limit orders. This means that a firm
cannot trade for its own account at a price equal to or better than a
customer limit order without also executing the customer order. This is
considered to be one of the most significant regulatory safeguards for
investors of the OTC market. Per the Webinar, investors are encouraged to
use Limit Orders when trading any OTC equities so that they can monitor
their trades in a stock using real-time quotation systems and receive
better trade executions.
For more detailed information about the Limit Order Protection rule change,
please visit:
Information on the rule from FINRA:
http://www.finra.org/web/groups/industry/@ip/@reg/@rulfil/documents/rulefilings/p038831.pdf
December 10, 2008 Webinar discussing the rule:
http://www.pinksheets.com/pink/pinkNews.jsp?id=115
Corporate E-mail Updates
To be added to China Crescent's e-mail database to receive company updates
or to obtain more information on the Company, please send an e-mail to
ir@chinacrescent.com or call 214-722-3065.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent Enterprises, Inc. 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.