JINAN, China, Nov. 11, 2010 /PRNewswire-Asia/ -- On November 8, 2010, Jinan Yinquan Technology Co., Ltd., (Yinquan) a wholly-owned subsidiary of China VoIP & Digital Telecom Inc. (OTC Bulletin Board: CVDT), announced that it has successfully won the bid for the virtualization project of Jinan Broadcast Information Network Center. Yinquan's superior technology and competitive pricing were the main reasons for winning the bid.
Jinan Broadcast Information Network Center is engaged in providing information related services to Jinan city which include data transmission and internet access. Its business demands a large number of servers as well as band capability.
As Jinan Broadcast Information Network Center expanded its business operations, the number of servers had increased, leading to higher equipment and maintenance costs. In order to enhance its system's security and increase the servers' efficiency and cost-effectiveness, it recently adopted Yinquan's integrated virtualization solution. As a result, the number of servers can be reduced as well as the costs associated with related equipment and maintenance.
Jinan Yinquan successfully competed against other bidders by its strong technology, large implementation capacity, quality service and a good performance-to-price ratio. The new contract proves that Yinquan's business strategy of exploring more diverse industry clients is feasible and lucrative. Broadening the client base is proving to be a solid boost to profits and the bottom line.
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers virtualization technology application and cloud computing products 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 Digital Telecom Inc. is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its integrated 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 www.ciisi.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. Millions of people around the world use virtualization to save time, money and energy while achieving more with the computer hardware they already own.
About Cloud Computing
Cloud computing is a general term for anything that involves delivering hosted services over the Internet. These services are broadly divided into three categories: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). The name cloud computing was inspired by the cloud symbol that's often used to represent the Internet in flowcharts and diagrams.
A cloud service has three distinct characteristics that differentiate it from traditional hosting. It is sold on demand, typically by the minute or the hour; it is elastic -- a user can have as much or as little of a service as they want at any given time; and the service is fully managed by the provider (the consumer needs nothing but a personal computer and Internet access). Significant innovations in virtualization and distributed computing, as well as improved access to high-speed Internet and a weak economy, have accelerated interest in cloud computing
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.
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For more information please contact |
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CVDT Investor Contacts: |
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Michelle Wong, +86-531-5558-5742, michellewong@yinquan.cn, or |
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Great Wall Research LLC |
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Dina Ding, 203-252-7266, dding@greatwallresearch.com |
