China Crescent Ent. Inc (fka CCTR)

[jordan73]

http://money.cnn.com/news/newsfeeds/articles/globenewswire/185251.htm


Market Watch for China Crescent Enterprises Inc. Issued by StockPreacher

February 26, 2010: 06:50 AM ET


DALLAS, Feb. 26, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring China Crescent Enterprises Inc. (OTCBB:CCTR). The report includes financial, comparative and investment analysis, and industry information you need to know to make an educated investment decision.

The full report is available at: http://www.stockpreacher.com/n/CCTR

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China Crescent Enterprises Inc. (CCTR), primarily operating in The People's Republic of China, is engaged in the sale of information technology (IT) products and services sold within mainland China, through its wholly owned foreign subsidiary, Clipper Technology Ltd. (CLPTEC). .CLPTEC's corporate charter in China allows it to provide consulting, development, implementation and maintenance of technology systems, which include both software and hardware peripherals for computing, communication and data exchanges related to general business applications, as well as the specialty fields of medical, security, military and homeland defense applications.

In the report, the analyst notes:

"Net sales increased 20% from $11,144,564 for the quarter ended September 30, 2008 to $13,344,273 for the quarter ended September 30, 2009. A 13% decrease in sales of products through the Company's Clipper-Huali subsidiary in the Ningbo region was offset by revenue generated through a new outsourcing services agreement executed last quarter in Shanghai. Cost of sales also increased 15% from $10,511,971 for the quarter ended September 30, 2008, to $12,072,141 for the quarter ended September 30, 2009. This increase was due to the corresponding increase in sales volume.

"CCTR will be conducting a Web cast today Feb. 26th to review the Company's updated strategy to increase revenue and profits, featuring an expansion into India and an update on business expansion under development in East Africa. The Company anticipates reporting record net income of over $40 million in revenue in the annual report for 2009. The Company has also announced a $100 million profitable revenue target for 2010 in addition to announcing a number of large, long-term contracts."

To read the entire report visit: http://www.stockpreacher.com/n/CCTR

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