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China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company has signed a letter of intent to provide outsourcing services to Aoyuan Electronic Co. ltd in Dalian, China, for $36 million over three years. China Crescent previously announced a $15 million letter of intent to provide outsourcing services to this company and, during the scheduled meetings this week, the scope of the agreement increased. The letter of intent announced today has replaced the previously announced letter of intent.

China Crescent has been conducting a series of meetings across four cities in China this week in conjunction with the Company‘s scheduled outsourcing management summit,[link widoczny dla zalogowanych], primarily aimed at reviewing and developing the Company‘s growing technology outsourcing business. Earlier today,[link widoczny dla zalogowanych], China Crescent announced the close of the summit and posted a Webcast to review the week‘s highlights. A link to the Webcast titled ‘China Crescent Outsourcing Summit Review Webcast‘ is available at [link widoczny dla zalogowanych] under Recent Webcasts.

China Crescent is a systems integration service provider in China that provides technology outsourcing services and sells and services brand name technologies such as Microsoft, Oracle,[link widoczny dla zalogowanych], Cisco,[link widoczny dla zalogowanych], IBM,[link widoczny dla zalogowanych], HP and Dell in addition to selling and servicing innovative new technologies.