JINAN, China, Feb. 10 /PRNewswire-Asia/ -- China VoIP & Digital Telecom Inc.'s (OTC Bulletin Board: CVDT) wholly-owned subsidiary Jinan Yinquan Technology (Yinquan), today announced that it has won the bid for the virtualization project of the National Taxation Bureau of Shandong ("the Bureau"). The Bureau, a government administrative department, is responsible for all national tax revenues of Shandong Province.
The Bureau recently accepted the integrated virtualization solution provided by Yinquan to improve its servers' utilization rates and reduce both purchasing and administrative costs. As the preferred service provider for the Bureau's virtualization project, Yinquan will also help other taxation bureaus in Shandong province implement its solutions. The Yinquan virtualization solutions will reduce the number of servers being used as well as the equipment and maintenance costs.
The bureau also selected Yinquan to provide after-sale services during its virtualization system operations.
The Bureau selected Yinquan for the virtualization project over two other competitors, one of whom being an internationally known server provider. Mr. Kunwu Li, President and CEO of China VoIP & Digital Telecom, was very pleased with the successful bid. He said "Yinquan's superior technology, large implementation capacity, high-quality service and excellent performance-to-price ratio are some of the many reasons our high quality virtualization solution was chosen for this prestigious project. The Bureau will be our second successful implementation in the Taxation industry." Mr. Li added, "We view the Bureau virtualization project as an important component in the execution of our newly released business plan. We will be able to showcase our superior virtualization technology to other government agencies and large-scale enterprises."
In April 2009, Yinquan was also successful in its bid for a virtualization project with the National Taxation Bureau of Jinan.
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
