It’s something even a foreign-policy genius like Richard Nixon could not have dreamed possible when he occupied the White House: that a Communist superpower would be a haven for Western businesses to ply their merchandise. The 37th president would have been by turns astonished and gratified that his 1972 trip to China would result in that country being more of a player in the capitalist world. And with more companies making inroads in China, it should come as no surprise that one of those firms prospering by its knowledge of that country – and confidence in its own product - is Dallas-based China Crescent Enterprises, Inc., which trades on the OTCBB under the symbol CCSE.
China Crescent Enterprises, Inc. (OTCBB: CCSE) is a technology leader in the rapidly developing Chinese market specializing 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.
''China Crescent understands the differences,'' says company literature, ''in business processes, communications, and cultures between the United States and China, providing our customers with a successful environment for global relationships and transactions''.
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.
Its Chinese subsidiary Clipper Technology, out of Shanghai provides hardware and Software services throughout China. Gaozhi Science and Technology is a strategic partner based in Shanghai, providing telecommunication and technology solutions within China.
Among the most recent highlights for the firm came to be in mid-March, when China Crescent closed an acquisition which could kick-start a return to profitability. The acquisition involves an additional 25-per-cent interest in its Chinese operating subsidiary, thus boosting its ownership in the operating subsidiary from 51 per cent to 76 per cent. It was also announced that CCSE’s revenues for the 12 months ending last September came to $42 million (all figures in U.S. funds unless stated otherwise). The company also plans to be with its year-end financial figures on March 31. It has projected a 50-per-cent improvement in net income over fiscal 2007.
The kicker for investors seeking value is that this is a sub-penny stock, trading in mid-March around six-10th of a cent, after scaling the dizzy heights at 11.3 cents last April.
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