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China VoIP & Digital Telecom Inc. Wins Support from Shandong Information Industry Department
JINAN, Shandong, China, Nov 17, 2008 /Xinhua-PRNewswire-FirstCall via COMTEX/ --
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
SOURCE China VoIP & Digital Telecom Inc.
http://www.chinavoip-telecom.com
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