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China Crescent Enterprises,[link widoczny dla zalogowanych], Inc. (OTC:CCTR) recently announced a 2010 objective of reaching a profitable annualized revenue run rate of US$100 million.
Subsequently,[link widoczny dla zalogowanych], the Company announced a letter of intent to provide outsourcing services to Aoyuan Electronic Co. ltd in Dalian, China,[link widoczny dla zalogowanych], 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,[link widoczny dla zalogowanych]," said Paul Danner,[link widoczny dla zalogowanych], 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."