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By: AllPennyStocks.com
From a country hiding behind a so-called “bamboo curtain” to one of the most
transparent and explosively growth-prone economies in the world today, China
remains “where it’s at” in terms of financial news developments, not to mention
new territory for investors to place their money – regardless of where those
investors are from.
Shanghai occupies the spotlight this week for a conference of CEOs hosted by
Greenfield Partners and China Crescent Enterprises Inc. (OTCBB: CCTR). A number
of small-cap technology and energy companies are showing off their wares at the
conference, most notably Nova Energy, Inc. (Pink Sheets:NVAE) and NuMobile, Inc.
(OTCBB: NUBL), firms that hope to boost their revenues by as much as $200
million U.S. this year by making their presence known in the former land of Mao.
The CEO conference this week is expected to concentrate on developing a channel
to provide brand name Chinese-based technologies in East Africa. China Crescent
is a Huawei and Lenovo reseller and has plans to expand its regional reseller
footprint into East Africa through its partnerships with NVAE and NUBL,
companies already with a presence in that part of the world.
But back to the host company for just a moment: CCTR this week reported nearly
$15 million in first-quarter revenue, a more-than-100% increase over the same
period in 2009. As well, CCTR realized a substantial increase in net income for
the first quarter, from $112,000 in 2009 to $657,000 in 2010. China Crescent is
a systems integration service provider of brand name technologies and reported
$45 million in profitable annual revenue in 2009.
Within China alone, CCTR provides technology services and products including
notebook and desktop computers, printers, servers, and network equipment from a
number of well-known global brands such as Dell, HP, IBM, Cisco, Sony, Epson,
Canon and Sanyo.
The Company is also an authorized reseller of operating systems, databases,
middleware and application software from brands such as Microsoft, Red Hat,
Oracle, Sybase, IBM, BEA, Veritas and others.
The day after the news about its revenue figures, CCTR cleared the four-million
barrier in terms of share volume early on in the day, though it has had a bit of
trouble reasserting its price to the 9.4-cent level at which it peaked in late
May of last year.
The stock’s 52-week gully was reached in March at 0.0037 cents, before
scratching its way up to 1.3 cents, its current level. But there is nothing
small about this small cap, given its world focus, its big-muscle partnerships,
and its expanding worldwide reputation. Investors should heed this reminder and
take another look.
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