This compnay has just uplisted to a full reporting OTCBB compnay. I highly suggest investors do some research on this company. At the current share price of .0557 this stock is trading at 1/5 OF 1X earnings with a yearly EPS of .28 and growing. The company bottom line has increased 3 years in a row and this has a small share structure of 2.9 million shares after the 1 for 25 share conversion of the former CCSE pink sheet stock. Please check out the webcast link below in todays press release to explain what this company is all about.
China Crescent Enterprises, Inc. Provides More Information on SymbolChange to CCTR as Ticker Updates at TD Ameritrade, Schwab and OtherElectronic Brokerages
May 14, 2009 09:02:16 (ET)
DALLAS, TX, May 14, 2009 (MARKETWIRE via COMTEX) -- China Crescent Enterprises, Inc. (CCTR, Trade ) 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/a...rket-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.
Contact:
China Crescent Enterprises, Inc.
ir@chinacrescent.com
214-722-3065
