Contact Information: Contact: China Crescent Enterprises, Inc. Investor Relations 214-722-3065 ir@chinacrescent.com http://www.chinacrescent.com
China Crescent Enterprises, Inc. Founder and Board Member Reviews On Track YTD Progress in Light of Financial Industry Crisis
| Source: China Crescent Enterprises, Inc.
DALLAS, TX--(Marketwire - October 3, 2008) - China Crescent Enterprises, Inc. (OTCBB : CCSE )
today announced that Founder and Board Member Philip Verges has published a
letter to shareholders discussing on track year-to-date progress in light
of the current financial industry crisis. The letter is addressed to the
shareholders of the Company that is in turn the largest shareholder of
China Crescent. The discussion in the letter regarding the opportunities
for smaller companies resulting from the financial industry crisis is
pertinent to the shareholders of China Crescent. The letter also discusses
the strategies to manage possible fallout impacts from the financial
industry crisis.
The letter is available by contacting Investor Relations at
ir@chinacresent.com.
Micros Report Assigns Fair Value Target Price of $0.55
Micros Report recently issued an update to its initial research coverage
assigning a fair value target price of $0.55 for China Crescent stock.
Michael Willingham, Micros Report Director of Research, initiated research
coverage and published his first report on China Crescent in December 2007.
Mr. Willingham stated in his recent update, "For 2008, the Company has
forecast $50 million in sales which if achieved would result in a 25%
growth rate during a year where the Dow Jones Industrial Average has seen a
25% decrease from its peak."
Interested parties may contact ir@chinacrescent.com to receive a copy of
the report.
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.