Science & Technology
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Published in Science and Technology on Monday, May 18th 2009 at 10:22 GMT, Last Modified on 2009-11-03 07:28:56 by Market Wire
DALLAS, TX--(Marketwire - May 18, 2009) - China Crescent Enterprises, Inc. (
The Webcast will be available for viewing on-demand. A link for accessing the Webcast will be available on the Company's corporate website on May 22nd.
Regulation SHO Threshold List
Earlier today the Company announced being listed on the Regulation SHO "threshold security" list Friday, May 15, for a second consecutive trading day. The price per share (PPS) increased more than 39% with a high volume of trading on Friday following the Company's first appearance on the Regulation SHO threshold list on Thursday, May 14, 2009. Management continues to anticipate a possible buy-in that could result in an increased share price.
Regulation SHO "Threshold Security"
As defined in Rule 203(c)(6) of Regulation SHO, a "threshold security" is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:
-- There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;
-- The level of fails is equal to at least one-half of one percent of the issuer's total shares outstanding; and
-- The security is included on a list published by a self-regulatory organization (SRO).
A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days. The Company will be available to answer questions regarding CCTR's listing on the Regulation SHO list and questions regarding possible short sales and buy-ins to cover possible short sales.
For more information on Regulation SHO see:
(link: [ http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold ]).
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. ([ http://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.
