(CCTR) China Crescent Enterprises, Inc. Anticipates Potential Business Strategy Updates in Light of Recent (NWMT) NewMarket T...
2011年10月28日 - 2:41AM
Marketwired
China Crescent Enterprises, Inc. ("China Crescent" or the
"Company") (PINKSHEETS: CCTR) (OTCQB: CCTR) today announced that it
anticipates potential business strategy updates in light of a
recent NewMarket Technology, Inc. ("NewMarket") (PINKSHEETS: NWMT)
(OTCQB: NWMT) announcement on October 20, 2011. China Crescent is a
majority-owned subsidiary of NewMarket.
On October 20, NewMarket announced that it is exploring new
potential investment relationships and an associated change of
control event. China Crescent anticipates that any such investment
relationship or change of control event of NewMarket would also
impact the Company and its business strategy. The entire
announcement is available on NewMarket's website.
http://newmarkettechnology.com/newsreleases/news-20111020_1.htm
On October 21, 2011, NewMarket also released a Current Report on
Form 8-K to report that it received shareholder approval for an
amendment to NewMarket's Articles of Incorporation to increase the
number of its authorized shares of common stock. The amendment is
solely for the purpose of increasing the number of authorized
shares of common stock for NewMarket and specifically does not
include a reverse split of its issued and outstanding shares. The
8-K can be reviewed in its entirety at:
http://1.usa.gov/smFr5H
China Crescent has no plans at this time to either increase the
number of its authorized shares of common stock or reverse split
its issued and outstanding shares.
About China Crescent Enterprises, Inc.
(www.chinacrescent.com) China Crescent is a systems integration service
provider that markets technology outsourcing services in China
including the sale and service of brand name technologies such as
Microsoft, Cisco, IBM, HP and Dell. Following a strategic
acquisition in 2009, the Company expanded its business line to
include original design manufacturing (ODM). Headquartered in
Dallas with operations in China, China Crescent reported $78
million in revenue in 2010. China Crescent is a subsidiary of
NewMarket.
About NewMarket Technology, Inc.
(www.newmarkettechnology.com)
NewMarket's current portfolio of operating subsidiaries provides
systems integration and technology infrastructure services.
NewMarket's operations strategically focus on providing technology
and support services in emerging and developing economies with high
growth rate potential. NewMarket has operating subsidiaries today
in China, Singapore, Brazil and Northern Latin America.
Forward-Looking Statements This
communication contains statements regarding the Company's
expectations, plans, goals, objectives, assumptions or information
about future events that constitute forward-looking statements or
information under applicable securities legislation, including the
Private Securities Litigation Reform Act of 1995. Undue reliance
should not be placed on forward-looking statements because they are
subject to numerous risks and uncertainties relating to the
Company's operations and business environment, all of which are
difficult to predict and many of which are beyond the Company's
control. Forward-looking statements are generally identifiable by
the terminology used such as "may," "will," "could," "should,"
"believe," "expect," "anticipate," "intend," "plan," "estimate" or
other similar expressions. These statements are based on
assumptions that the Company has made in light of its experience,
as well as perceptions of historical trends, current conditions,
expected future developments, and other factors the Company
believes are appropriate under the circumstances. Although the
Company believes that these forward-looking statements are based on
reasonable assumptions, many risks and uncertainties could cause
actual results to differ materially from those anticipated by the
Company and described in the forward-looking statements. These
factors include, but are not limited to, competition from existing
and future competitors, failure to maintain and develop business,
failure to increase or maintain the number of customers, downturns
in the economies and/or industries in which the Company operates,
and the failure to attract or maintain qualified professionals.
These and other risks are discussed in detail in the Company's
filings with the Securities and Exchange Commission, including its
Annual Report on Form 10-K for the fiscal year ended December 31,
2010. If one or more of these risks or uncertainties materialize
(or the consequences of such a development changes), or should
underlying assumptions prove incorrect, actual outcomes may vary
materially from those forecasted or expected. The forward-looking
statements or information contained in this communication are made
as of the date hereof and the Company undertakes no obligation to
update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: China Crescent Enterprises, Inc. Investor Relations
Email Contact
China Crescent Enterprises (CE) (USOTC:CCTR)
過去 株価チャート
から 7 2024 まで 7 2024
China Crescent Enterprises (CE) (USOTC:CCTR)
過去 株価チャート
から 7 2023 まで 7 2024