Company Signs Virtualization Agreement with Shandong Luneng Network Information Co., Ltd.
BEIJING, Feb. 26 /PRNewswire-Asia/ -- China VoIP & Digital Telecom, Inc.'s (OTC Bulletin Board: CVDT) wholly-owned subsidiary Jinan Yinquan Technology Co., Ltd., today announced that it has signed a virtualization agreement with Shandong Luneng Network Information Co., Ltd. (the Customer). Jinan Yinquan will implement an integrated virtualization solution and provide long-term support for the Customer's datacenter. The service contract is expected to provide CVDT with a long-term recurring revenue stream.
Yinquan will provide the Customer with industry leading technology in comprehensive datacenter solutions. Yinquan's sophisticated virtualization solution will help the customer reduce investment and operating expenses. It will also help reduce the required number of servers in the datacenter which will result in higher energy-savings and lower overall emissions, thereby providing a more environmentally-friendly computing environment. Yinquan's solutions will also enhance the Customer's network security environment.
"We designed the comprehensive virtualization datacenter solution around the Customer's business needs, and we are pleased to see that our Customer's business has directly benefited from it. Customer satisfaction is our number one objective," said Mr. Kunwu Li, President and CEO of China VoIP & Digital Telecom.
The Customer is the first one the company has signed in the Shandong power supply industry, which will allow it to showcase its technology in this industry for additional customers.
Shandong Luneng Network Information Co., Ltd., the subsidiary of Luneng Group (directly managed by the State Grid Corporation of China), is focusing on providing comprehensive IT services to the enterprises in the Shandong power supply system.
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers virtualization technology application in the People's Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd and Beijing PowerUnique Technologies, Co., Ltd. Through the two subsidiaries, China VoIP & Digital Telecom is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its integral virtualization solutions and services in China and at this time is in the testing stages of other Information Technology products. More information can be found at http://www.chinavoip-telecom.com .
About Virtualization Technology
Virtualization is a proven software technology that is rapidly transforming the IT landscape and fundamentally changing the way people compute.
Today's powerful x86 computer hardware was originally designed to run only a single operating system and a single application, but virtualization breaks that boundary, making it possible to run multiple operating systems and multiple applications on the same computer at the same time, increasing the utilization and flexibility of hardware.
Virtualization is a technology that can benefit anyone who uses a computer, from IT professionals and Mac enthusiasts to commercial businesses and government organizations. Join the millions of people around the world who use virtualization to save time, money and energy while achieving more with the computer hardware they already own.
Safe Harbor Statement
Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
For more information please contact
CVDT Investor Contacts:
Michelle Wong
Tel: +86-531-5558-5742
Email: michellewong@chinavoip-telecom.com
Great Wall Research LLC
Sheena Shen
Tel: +1-203-252-7266
Email: sshen@greatwallresearch.com
