CCSE huge news!!!!!!!!!!!!!
Micros Report Updates China Crescent Enterprises, Inc. Research Report Highlighting Fair Value Target Price of $0.55 vs. Recent Close of $.01
Friday September 19, 4:30 pm ET
DALLAS, TX--(MARKET WIRE)--Sep 19, 2008 -- China Crescent Enterprises, Inc. (OTC BB:CCSE.OB - News) announces a research report update from Micros Report. Michael Willingham, Micros Report Director of Research, initiated research coverage and published his first report on China Crescent in December 2007. China Crescent is a software and hardware provider based in North America with the majority of its operations in mainland China.
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."
Fair Value Target Price of $0.55
The report goes on to assign a Fair Value Target price for China Crescent stock of $0.55 per share, stating:
-- "The Company's core business will complete its fourth year of operations in December of 2008, and has grown revenue from zero, to $29 million in 2006, $40 million in 2007 and has forecast $50 million for 2008."
-- "The Company now has 7 quarters of independent reporting under its belt, and has been profitable in the last four consecutive quarters. In addition, they now have two quarters with year on year comparable data that demonstrates improved gross, operating, and net margins. This Company is growing, maturing and becoming more efficient."
-- "China has the fastest growing large economy in the world, and is growing approximately three times as fast as the U.S.... 2Q U.S. GDP grew at an annual rate of 3.3% vs. 10.1% for China."
-- "The Company has established a broad base of domestic Chinese customers including government, military, private business and retail buyers."
Interested parties may contact ir@chinacrescent.com to receive a copy of the report.
Please see important disclosures at the end 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.
AI
