China Customer Relations Centers, Inc. Issues Statement on Recent Volatility of its Stock Price

TAI'AN, China, July 23, 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 it is not aware of the reasons for the recent volatility in its stock price. In addition, the Company has not selectively disclosed any material nonpublic information to analysts, investors or others without concurrently making a widespread public disclosure. Additionally, neither the Company's executive officers, directors nor, to the knowledge of the Company, any controlling shareholders, sold or purchased common shares of the Company within the last 30 days. The Company's management believes it is prudent to advise the market of this given recent fluctuations of its stock price.

On April 27, 2018, the Company announced its full year 2017 financial results that highlighted revenues growth of 22.3% to $89.0 million, service capacity increase of 26.5% to 13,992 seats by the end of 2017, and the addition of several high-profile customers, including China Merchants Bank, Shouqi Limousine & Chauffeur, OFO Shared Bicycles, Tmall.com, and TianAn Life Insurance. Since then, the Company has not seen any material change in its business activities and outlook and expects the current business trend to continue in the near future.

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 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 its business activities and outlook 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: [email protected]
Phone: +1-732-910-9692

SOURCE China Customer Relations Centers, Inc.

Related Links

http://www.ccrc.com

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