TAI'AN, China, Feb. 21, 2018 /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 on February 20, 2018 (the
"Notification Date"), the Company received a notification letter
from the Listing Qualifications Department of The NASDAQ Stock
Market, Inc. ("NASDAQ") indicating that the Company no longer meets
the Nasdaq Capital Market's continued listing requirement of
minimum of 300 public holders, as set forth in NASDAQ Listing Rule
5550(a)(3).
The NASDAQ notification letter does not result in the immediate
delisting of the Company's common shares. The Company has 45
calendar days to submit a plan to NASDAQ to regain compliance. If
the plan is accepted by NASDAQ, the Company has a compliance period
of up to180 calendar days from the Notification Date to evidence
compliance. The Company's management is looking into various
options available to regain compliance and maintain its continued
listing on The NASDAQ Capital Market.
About China Customer Relations Centers, Inc.
The Company is a BPO service provider focusing on the complex,
voice-based segment 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 at over 20 cities across 12 provinces, autonomous regions
and municipalities in China,
including Shandong, Jiangsu, Anhui, Hebei,
Xinjiang, Guangxi, Jiangxi, Chongqing, Beijing, Henan, Shanghai and Sichuan. More information about the Company
can be found at: www.ccrc.com.
Forward-Looking Statements
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 its ability to regain compliance with the
requirements of the Nasdaq Capital Market are forward-looking
statements. Forward-looking statements are not guarantees 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: tony.tian@weitian-ir.com
Phone: +1-732-910-9692
View original
content:http://www.prnewswire.com/news-releases/china-customer-relations-centers-inc-announces-receipt-of-nasdaq-notice-of-deficiency-300602212.html
SOURCE China Customer Relations Centers, Inc.