China Crescent Enterprises
China Crescent Enterprises specializes in software engineering, high quality software development and digital multimedia outsourcing services.
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China Crescent wins three-year US$36m contract, sets 2010 revenue goal of US$100m
China Crescent Enterprises, Inc. (OTC:CCTR) recently announced a 2010 objective of reaching a profitable annualized revenue run rate of US$100 million.
Subsequently, the Company announced a letter of intent to provide outsourcing services to Aoyuan Electronic Co. ltd in Dalian, China, for US$36 million over three years. The finalization of the contract with Aoyuan will bring the total revenue value of China Crescent's 2009 outsourcing contracts to approximately US$66 million.
"Our outsourcing business is gaining momentum and our confidence in reaching an annual US$100 million profitable revenue run rate in 2010 is high," said Paul Danner, CEO of China Crescent Enterprises, Inc. "We are now developing a strategy to benefit from a national exchange listing with the anticipated magnitude of the operation in 2010."
Other China Crescent Enterprises news
- China Crescent aims for US$100m in annualized revenue starting 2010
2009-10-14 - China Crescent expects improved contract after delivering ‘enhancing’ outsourcing service to major client
2009-10-13 - China Crescent Enterprises chooses Huawei for Kenya WiMAX projects
2009-08-27 - China Crescent Enterprises wins US$2m software contract
2009-07-29 - China Crescent to launch US$30m Shanghai outsourcing deal
2009-07-24
