Successful Marketing Results in Major Telecom Industry Project
JINAN, China, March 1 /PRNewswire-Asia/ -- Jinan Yinquan Technology Co., Ltd. (Yinquan), one of the wholly-owned subsidiaries of China VoIP & Digital Telecom Inc. (OTC Bulletin Board: CVDT), today announced that it has signed virtualization agreements with China Unicom's Zibo and Linyi branches ("the customers"). Yinquan will work separately with the Zibo and Linyi branches to launch its integrated datacenter virtualization solution. This is the first time that China VoIP & Digital Telecom has acquired new customers in the telecom industry.
China Unicom, a large telecom carrier in China, was established on January 6, 2009 on the basis of the former China Unicom and China Netcom, which played important roles in China's telecom market with their own respective advantages in different professional areas. At the end of 2008, it served subscribers in 31 provinces, municipalities, and autonomous regions in Mainland China. It obtained a 3G license in early 2009.
Yinquan will provide customers with world-leading comprehensive datacenter solution technologies. This will help customers reduce investment and operating expenses, lowering the total cost of business ownership. It will also help customers enhance their datacenter security and reduce the required number of servers, resulting in higher energy-savings, lower emissions and more environmentally friendly effects.
"We designed the integrated virtualization datacenter solution based on the telecom carrier's current and future needs. We are pleased to see our solution is proving to be profitable and useful in the telecom industry," said Mr. Kunwu Li, President and CEO of China VoIP & Digital Telecom. "They are our first customers in the telecom industry, and the project offers us a successful showcase to introduce our integrated virtualization solutions to other telecom carriers."
The customers also selected Yinquan to provide after-sale services during virtualization system operations. This service contract is expected to bring stable and long-term recurring revenue to Yinquan.
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
Phone: +86-531-5558-5742
Email: michellewong@chinavoip-telecom.com
Great Wall Research LLC
Sheena Shen
Phone: +1-203-252-7266
Email: sshen@greatwallresearch.com
