Contact Information: Contact: China Crescent Enterprises, Inc. ir@chinacrescent.com 214-722-3065
China Crescent Enterprises, Inc. Provides More Information on Symbol Change to CCTR as Ticker Updates at TD Ameritrade, Schwab and Other Electronic Brokerages
Webcast Reviewing $0.30 Suggested Fair Value Target PPS and 500% ROI Potential Available on Company Website
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - May 14, 2009) - China Crescent Enterprises, Inc. (OTCBB : CCTR )
has received many shareholder questions concerning Company shares they hold
in various on-line brokerage accounts such as TD Ameritrade, E*Trade,
Schwab, and Scottrade. Due to the Company's ticker symbol change from
"CCSE" to "CCTR" this week, shareholders are encouraged to contact their
on-line brokerage services to discuss their access to their shares.
Earlier this week, the Company's corporate ticker symbol changed from
(OTCBB : CCSE ) to "CCTR." The corporate ticker change has been executed in
conjunction with a publicly disclosed plan to reduce the number of issued
and outstanding common shares and to limit the issue of additional shares
in the future.
Yesterday, the Company released an on-demand Webcast on the Company's
strategy to gain share price traction and improve the potential return on
investment for shareholders with a target price per share of $0.30. The
Company reported over $40 million in revenue for 2008 with more than
$600,000 in net income, while the share price resulted in a market
capitalization that amounted to a fraction of the Company's annual
earnings. A number of publicly traded technology service companies today
have share prices that reflect many times earnings, even in the current
economic environment. The Webcast is now available for review on the
Company website. A link to the Webcast titled 'China Crescent CCTR Ticker
and PPS Growth (May 13, 2009)' is available on the Company website under
Current Events and Communications at:
http://www.newmarkettechnology.com/about-newmarket-china.htm. For
assistance accessing or listening to the Webcast, please email
ir@chinacrescent.com or call 214-722-3065.
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. (http://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.