JINAN, Shandong, Feb. 24 /PRNewswire-Asia/ -- On February 24, 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 Zhejiang Geely Group. Yinquan's superior technology and competitive pricing were the main reasons for the successful bid.
Zhejiang Geely Group ("Geely") is the only privately-held automobile production enterprise among the top-ten Chinese automobile manufacturers. Headquartered in Hangzhou, capital of Zhejiang Province, Geely has a number of manufacturing bases of auto production and power assemblies. These bases are in the cities of Linhai, Ningbo and Luqiao in Zhejiang province, Jinan in Shandong province, Shanghai and other regions. Yinquan will help Geely establish virtualization infrastructure in the company's headquarters and other branches.
Yinquan and Geely have established a long-term relationship beginning in 2007 when Yinquan provided Geely with VoIP services. As Geely 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, Geely 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 three other bidders all of whom offered strong technology, large implementation capacity, quality service and a good performance-to-price ratio. The successful cooperation between Jinan Yinquan and Geely will demonstrate Yinquan's ability to serve large-scale enterprise users, while improving the company's corporate image and brand awareness.
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
