Jinan Yinquan Technology Co., Ltd., a completely owned subsidiary of China VoIP & Digital Telecom Inc. (OTCBB: CVDT), today revealed it has actually gotten Hangzhou Zhongfang a Voice-over Internet Protocol Services supplier based in the Zhejiang Province. The acquisition will broaden the Company’s reach into Zhejiang and other southern provinces in individuals’s Republic of China.
Under the regards to the contract, Jinan will obtain existing VoIP facilities from Zhongfang to assist in future VoIP sales and services in the Province. The acquisition will likewise offer a platform for Jinan Yinquan to establish and broaden its VoIP service in nearby southern provinces.
Jinan Yinquan, is a quickly growing innovation business that uses VoIP services in individuals’s Republic of China.
In addition to producing and dispersing VoIP hardware, Zhongfang likewise supplies VoIP phone services in Zhejiang Province mainly to telephone coffee shops in 4 cities in Zhejiang Province. According to Li Kunwu, President and CEO of China VoIP & Digital Telecom Inc., this brand-new contract formalizes an existing working relationship in between the 2 business.
” We have actually been dealing with Zhongfang for over 3 years,” stated Kunwu. “They were a perfect acquisition prospect for us to broaden our market into Zhejiang Province which has a population in excess of 50 million individuals with per capita non reusable earnings growing at a rate as high as 10.4 percent each year. We are likewise huge supporters of the Internet coffee shop idea and Zhongfang has actually developed a strong base of service in this growing market section. We expect this arrangement will substantially increase our yearly income however is likewise a substantial advance in our across the country growth strategies.”.
Prior to this acquisition, Jinan Yinquan has actually been servicing 3 provinces and 19 cities with Shandong Province its main office. Brief- and long-lasting strategies require the growth throughout China.
The Company’s exclusive NP Soft Switch IP telephone system allows users to gain access to Voice online Protocol (VoIP) services permitting consumers to utilize the system to make phone call to anybody worldwide at a much lower expense than basic telephone rates.
Jinan Yinquan just recently revealed its brand-new electronic fax system for enterprise service clients in collaboration with China Tie Tong. Readily Available throughout Shandong Province, the electronic fax service is an Internet-based fax service that will allow business services to send out and get faxes utilizing existing e-mail accounts. Unlike standard faxing, electronic faxing is practical, economical, protected, incorporated and automated.
China Tie Tong is among the 6 biggest fundamental telecom operators in China. The business, which has 31 provincial branches and 316 community branches, uses roughly 72,000 individuals. Its high-speed foundation optical transmission network includes 5 fiber loops covering the majority of the cities in China’s 31 provinces and a range of 52,000 kilometers. Throughout the duration of 2001 to 2005 yearly profits have actually grown by 30 percent while fixed-line customers increased from 1.35 million to 16.4 million. By the end of 2005 the business had 2 million Internet customers and possessions of 53.3 billion RMB. (For more info, go to www.chinatietong.com).
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. provides Voice online Protocol service in individuals’s Republic of China through its entirely owned subsidiary Jinan Yinquan Technology Co. Ltd. Through Jinan Yinquan, China VoIP is well placed to maximize the significant financial development presently being experienced in China. The Company is presently marketing its NP Soft Switch system in China and is presently in the screening phase of other Information Technology items. The Company presently has 30 workers and lies in the Shandong Province, People’s Republic of China.
More details can be discovered at www.chinavoip-telecom.com.
Notice Regarding Forward-Looking Statements.
Statements concerning the Company’s organization which are not historic truths are “positive declarations” that include dangers and unpredictabilities that might trigger real outcomes to vary materially from the possible outcomes talked about in the positive declarations. Positive declarations in this news release consist of that the acquisition will broaden the Company’s reach into Zhejiang and other southern provinces in individuals’s Republic of China; that under the regards to the arrangement, Jinan will obtain existing VoIP facilities from Zhongfang to assist in future VoIP sales and services in the Province; that the acquisition will likewise supply a platform for Jinan Yinquan to establish and broaden its VoIP company in surrounding southern provinces; that we expect this arrangement will substantially increase our yearly profits however is likewise a considerable advance in our across the country growth strategies; and the Company’s exclusive NP Soft Switch IP telephone system makes it possible for users to gain access to Voice online Protocol (VoIP) services permitting consumers to utilize the system to make phone conversation to anybody on the planet at a much lower expense than basic telephone rates. Real outcomes might vary materially from those presently expected due to a variety of elements as we might discover that our items need to take on more affordable or much better items; we might not have the ability to keep essential staff members; a larger market might not establish for our items and we might not have the ability to continue to bring in brand-new consumers; we might deal with lawsuits if our innovation stops working to work when needed; our copyright might be assaulted and beat in court procedures; our patent filings might be turned down by the patent workplaces; other business might find and establish much better or less expensive innovations that would render our items outdated; we might not have enough moneying to additional establish and/or market our innovation; and we might deal with regulative problems in attempting to broaden throughout China. There are likewise nation dangers related to purchasing China, consisting of currency change, repatriation of capital, and possible regulative difficulties. Readers are directed to the China VoIP & Digital Telecom Inc. reports as submitted with the U.S. Securities and Exchange Commission from time to time, consisting of however not restricted to its 8-K submitted November 13, 2006 under our previous name Crawford Lake Mining Inc. which detailed the business’s present company for more details and elements that might impact China VoIP & Digital Telecom Inc.’s company and outcomes of operations. China VoIP & Digital Telecom Inc. carries out no responsibilities to openly upgrade any positive declarations to show future occasions or scenarios.
Peter Nasca Associates, Inc . Peter Nasca, 954-473-0677 [email protected]