TAI'AN, China, May 29, 2020 /PRNewswire/ -- China Customer
Relations Centers, Inc. (NASDAQ: CCRC) ("CCRC" or the "Company"), a
leading call center business process outsourcing ("BPO") service
provider in China, today announced
that the Company's board of directors (the "Board") received a
letter dated May 25, 2020 from
Guangzhou Cornerstone Asset Management Co., Ltd. ("Cornerstone"), a
company incorporated under the laws of the PRC, withdrawing, with
immediate effect, the preliminary non-binding going private
proposal that Cornerstone, along with Mr. Zhili Wang, Chairman and Chief Executive Officer
of CCRC ("Mr. Wang," together with Cornerstone, the "Consortium"),
submitted to the Board on November 10, 2018. Subsequently, on
May 29, 2020, the Board received a
letter from Mr. Wang confirming his withdrawal.
Mr. Wang said, "the withdrawal of the going-private proposal
stemmed from Cornerstone's decision to withdrawal from the Consortium."
About China Customer Relations Centers, Inc.
The Company is a leading BPO service provider in China focusing on the complex, voice-based and
online-based segments of customer care services, including:
- customer relationship management;
- technical support;
- sales;
- customer retention;
- marketing surveys; and
- research.
The Company's service is currently delivered from call centers
located in Provinces of Shandong,
Jiangsu, Henan, Guangdong, Yunnan, Hubei, Jiangxi, Hebei, Anhui,
Sichuan, Heilongjiang, the Xinjiang Uygur Autonomous
Region, the Guangxi Zhuang Autonomous Region, and Chongqing City, with a capacity of
approximately 22,360 seats. More information about the Company can
be found at: www.ccrc.com.
Forward-Looking Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Specifically, the Company's
statements regarding it strategic alternatives and continued growth
are forward-looking statements. Forward-looking statements are
not guarantee of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the call center business process outsourcing market in
China; reputation and brand; the
impact of competition and pricing; government regulations;
fluctuations in general economic and business conditions in
China and assumptions underlying
or related to any of the foregoing and other risks contained in
reports filed by the Company with the Securities and Exchange
Commission. For these reasons, among others, investors are
cautioned not to place undue reliance upon any forward-looking
statements in this press release. Additional factors are discussed
in the Company's filings with the U.S. Securities and Exchange
Commission, which are available for review at www.sec.gov. The
Company undertakes no obligation to publicly revise these
forward‐looking statements to reflect events or
circumstances that arise after the date hereof.
For more information, please contact:
Tony Tian, CFA
Weitian Group LLC
Email: ttian@weitianco.com
Phone: +1-732-910-9692
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SOURCE China Customer Relations Centers, Inc.