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China Crescent Enterprises, Inc. (OTCBB:
CCSE)today announced that Founder and Board Member Philip Verges has
published aletter to shareholders discussing on track year-to-date
progress in lightof the current financial industry crisis
Oct 05, 2008
China Crescent Enterprises, Inc. (OTCBB: CCSE)today announced that
Founder and Board Member Philip Verges has published aletter to
shareholders discussing on track year-to-date progress in lightof
the current financial industry crisis. The letter is addressed to
theshareholders of the Company that is in turn the largest
shareholder ofChina Crescent. The discussion in the letter regarding
the opportunitiesfor smaller companies resulting from the financial
industry crisis ispertinent to the shareholders of China Crescent.
The letter also discussesthe strategies to manage possible fallout
impacts from the financialindustry crisis.
The letter is available by contacting Investor Relations at
ir@chinacresent.comThis e-mail address is being protected from spam
bots, you need JavaScript enabled to view it .
Micros Report Assigns Fair Value Target Price of $0.55
Micros Report recently issued an update to its initial research
coverageassigning a fair value target price of $0.55 for China
Crescent stock.Michael Willingham, Micros Report Director of
Research, initiated researchcoverage and published his first report
on China Crescent in December 2007.
Mr. Willingham stated in his recent update, "For 2008, the Company
hasforecast $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 a25% decrease from its peak."
Interested parties may contact ir@chinacrescent.comThis e-mail
address is being protected from spam bots, you need JavaScript
enabled to view it to receive a copy ofthe report.
Corporate E-mail Updates
To be added to China Crescent's e-mail database to receive company
updatesor to obtain more information on the Company, please send an
e-mail to ir@chinacrescent.comThis e-mail address is being protected
from spam bots, you need JavaScript enabled to view it or call
214-722-3065.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent Enterprises, Inc. is a technology leader in the
rapidlydeveloping Chinese market specializing today in software
engineering, highquality software development and digital multimedia
outsourcing servicesdelivered to customers globally. At the same
time, the firm is a systemsintegrator and value added reseller of
major global hardware brands in theChinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing,
ChinaCrescent bridges the gap between Western and Eastern business
cultures toassist western clients in realizing the advantages of the
high quality, lowcost technology products and services available
from China. China Crescentalso assists Western clients in localizing
products and services to realizethe tremendous growth potential
available by expanding into the ChineseMarket.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACTOF 1995
This press release contains forward-looking statements that involve
risksand uncertainties. The statements in this release are
forward-lookingstatements that are made pursuant to safe harbor
provision of the PrivateSecurities Litigation Reform Act of 1995.
Actual results, events andperformance could vary materially from
those contemplated by theseforward-looking statements. These
statements involve known and unknownrisks and uncertainties, which
may cause China Crescent's actual results infuture periods to differ
materially from results expressed or implied byforward-looking
statements. These risks and uncertainties include, amongother
things, product demand and market competition. You
shouldindependently investigate and fully understand all risks
before makinginvestment decisions.
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