JINAN, Shandong, China, Nov. 17 /Xinhua-PRNewswire-FirstCall/ -- China VoIP & Digital Telecom Inc. (OTC Bulletin Board: CVDT) announced that it has won support from the Shandong Information Industry Department (IID) on its virtualization project and International Business Communication Center (IBCC), an integrated business communications platform.
The support from IDD came after Mr. Sun Zhiheng, Director of Shandong Information Industry Department, visited Jinan Yinquan Technology Co., Ltd., the wholly owned subsidiary of CVDT on November 12, 2008. On Mr. Sun's visit, Mr. Li Kunwu, Chairman of Yinquan Technology, introduced the Director the company's newest technology, business operations and growth strategy. Director Sun was pleased with the demonstration of the company's new products and highly praised its virtualization project and IBCC. Both projects will be supported by IID in multiple ways, including policy, fund as well as marketing.
Director Sun of IDD states that Yinquan's two projects are great examples of independent innovation on energy-saving technology. Yinquan's technology maintains a leading position among its competitors, and the government will support the two projects and promote their application. Mr. Li Kunwu is pleased with the IDD's support and noted that with the government's support, Yinquan should be able to expand the reach of its products and help governments and enterprises improve IT efficiency and reduce costs. He also believes that the government's support would fuel the company's growth in 2009 and beyond.
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers Voice over the Internet Protocol telecommunications services in the People's Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd. Through Jinan Yinquan, China VoIP is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its NP Soft Switch system in China and is currently in the testing stages of other Information Technology products. More information can be found at http://www.chinavoip-telecom.com .
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:
Yinquan Investor Contacts:
Michelle Wong
Tel: +86-531-8702-7114
Email: michellewong@yinquan.cn, or
Great Wall Research LLC
John Armstrong
Tel: +1-203-536-1928
Email: jarmstrong@greatwallresearch.com
