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CHVC Signs Agreement with China Unicom Ltd. SKY O/A to be Private Labeled and Provide Support for Government Contracts |
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Boca Raton, Florida – July 16, 2009 -- China Voice Holding Corporation (CHVC) (OTC: CHVC-News), announced today that their China subsidiary, Beijing CandidSoft Technology Co. Ltd. (CandidSoft), has signed an agreement with China Unicom Ltd., to private label its patented/copyrighted SKY O/A Office Automation with integrated Digital Voice Application under the ICT Business brand. The revenue sharing agreement also provides for installation and support of the Company's current Chinese Government and large enterprise customer contracts in the Guangxi Province. The initial term of the agreement is nine years. This agreement does not replace CandidSoft's previously announced agreement with China Netcom but rather runs parallel with it.
The telecommunications industry in China is dominated by three state-run businesses: China Telecom, China Unicom and China Mobile. The three companies were formed by a recent restructuring launched in May 2008, directed by the Ministry of Information Industry (MII), Nationals Development and Reform Commissions (NDRC) and Minister of Finance. China Unicom Ltd. merged with China Netcom Group Corporation Limited on October 15, 2008. The ultimate parent of the Company, China United Network Communications Group Company Limited (formerly known as China United Telecommunications Corporation) ("Unicom Group") also officially merged with China Network Communications Group Corporation ("Netcom Group") in early January 2009.
China Unicom Ltd. offers GSM telephone and related services, fixed-line voice and value-added services, broadband and other Internet-related services, information communications technology services, business and data communications services, and advertising and media services, as well as long distance services. As of December 31, 2008, it served approximately 133 million GSM subscribers in 31 provinces, municipalities, and autonomous regions in the Mainland China.
CHVC's President and CEO Bill Burbank, said, "This agreement comes after months of discussion, negotiation and delays caused by the China Netcom and China Unicom merger. We are happy to have this agreement behind us so that we can focus on the installations of our Chinese Government Contracts and supporting the China Unicom private labeled version of our technology. We expect that now that our responsibilities are clearly defined and China Unicom has confirmed their support as well as desire to grow this part of their business, we will soon see significant progress in our Contract installations."
Burbank added, "Under the new agreement, China Unicom is responsible for wireless mobile network, broadband internet, telephone switching network and NGN network connectivity, first level customer support, billing, collections, end user voice communication equipment, and hosting, maintenance and monitoring of CandidSoft's hardware and server equipment. China Unicom is also responsible for ICT brand promotion and marketing campaigns.
CandidSoft is responsible for SKY O/A application development, software upgrades, maintenance, enhancements and support. In addition, CandidSoft is expected to provide new solutions for the implementation of specific China Unicom data services."
China Voice Holding Corp. ("CHVC") is a U.S. publicly-traded holding company headquartered in South Florida with a portfolio of next-generation communications products and services doing business in the People's Republic of China. Through its subsidiaries, the Company provides Voice over Internet Protocol ("VoIP") telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services in China, where the Company has obtained full legal status as a licensed telecommunications company. CHVC's focus is on providing its innovative and patented voice and data solutions to government agencies and large enterprises in China. China Voice Holding Corp. trades Over-the-Counter and is listed in the Pink Sheets under the symbol "CHVC". CHVC has become a fully reporting company and files required financial and disclosure reports with the SEC. The Company is progressing through the process for quotation on the OTCBB and expects to move to this market in the near future. Additional information may be found at www.chvc.com.
Forward-Looking Statements
The foregoing, including any discussion regarding the Company's future prospects, contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to risks and uncertainties associated with economic conditions in the telecommunications industry, particularly in the principal industry sectors served by the Company; risks and uncertainties inherent in the operation of businesses outside the United States; changes in customer requirements and in the volume of sales to principal customers; the ability of the Company to assimilate acquired businesses and to achieve the anticipated benefits of such acquisitions; competition and technological change; and the ability of the Company to control operating costs and maintain satisfactory relationships with existing and potential vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors that may be set forth in the Company's anticipated filings with the Securities and Exchange Commission.
China Voice Investor Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
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CHVC Engages Hong Kong Auditors for Another Year and to Assist with Expansion Strategy |
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Boca Raton, Florida – July 14, 2009- China Voice Holding Corp. (CHVC) (OTC: CHVC – News) today announced that it has re-engaged its current auditors, Cheung & Co. of Hong Kong.
Bill Burbank, President and CEO of CHVC, stated, "The re-engagement of Cheung & Co. will allow us to continue our momentum in moving to the OTCBB Market and expanding our business operations in China. Cheung & Co. is an excellent auditing firm, well positioned in Hong Kong to meet our needs, and we look forward to working with them for another year."
CHVC's CFO, D. Ronald Allen commented, "We are very pleased to have re-engaged Cheung & Co. to audit our June 30, 2009 fiscal year. As a fully reporting company, we are committed to providing timely, accurate financial information, and our auditors are a vital part of the reporting and financial controls process. In addition, having Hong Kong based auditors will facilitate our plans to acquire additional Chinese companies using our new Hong Kong subsidiary, Sino Beyond, Ltd. With the funds from the sale of our U.S. subsidiaries, strong presence in China and our patented/copyrighted SKY O/A software, CHVC is poised for growth and a successful fiscal year ending June 30, 2010."
China Voice Holding Corp. ("CHVC") is a U.S. publicly-traded holding company headquartered in South Florida with a portfolio of next-generation communications products and services doing business in the People's Republic of China. Through its subsidiaries, the Company provides Voice over Internet Protocol ("VoIP") telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services in China, where the Company has obtained full legal status as a licensed telecommunications company. CHVC's focus is on providing its innovative and patented voice and data solutions to government agencies and large enterprises in China. China Voice Holding Corp. trades Over-the-Counter and is listed in the Pink Sheets under the symbol "CHVC". CHVC has become a fully reporting company and files required financial and disclosure reports with the SEC. The Company is progressing through the process for quotation on the OTCBB and expects to move to this market in the near future. Additional information may be found at www.chvc.com.
Forward-Looking Statements
The foregoing, including any discussion regarding the Company's future prospects, contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to risks and uncertainties associated with economic conditions in the telecommunications industry, particularly in the principal industry sectors served by the Company; risks and uncertainties inherent in the operation of businesses outside the United States; changes in customer requirements and in the volume of sales to principal customers; the ability of the Company to assimilate acquired businesses and to achieve the anticipated benefits of such acquisitions; competition and technological change; and the ability of the Company to control operating costs and maintain satisfactory relationships with existing and potential vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors that may be set forth in the Company's anticipated filings with the Securities and Exchange Commission.
China Voice Investor Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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CHVC Provides Update to Shareholders With Focus on Asian Market Company Expects Higher Margins and Growth |
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Boca Raton, Florida – July 01, 2009 -- China Voice Holding Corporation (CHVC) (OTC: CHVC-News), today provided an update to Shareholders since completing the previously announced sale of its U.S. Subsidiaries to Flint Telecom Group, Inc. (OTCBB: FLTT) on January 29, 2009.
CHVC's President and CEO Bill Burbank, said, "We are happy to report that the U.S. subsidiaries sold to Flint Telecom Group, Inc. have been successfully integrated into their operations. While Flint experienced some initial delays in receiving funding to enable payments to China Voice, Flint has overcome the funding obstacles and is now current on payments to the Company. As Flint's largest shareholder, CHVC is pleased with their progress and the value represented by Flint. We believe that our relationship and position with Flint will reap positive returns for China Voice's shareholders."
Ron Allen, CHVC's CFO commented, "I just returned from a trip to Asia where I was able to work with our newly appointed business development firm, GVE Group Private Limited Singapore in establishing a plan to advance and grow CHVC in China. GVE is now working closely with the Company to identify acquisition candidates and companies that will help us to advance our Government Contracts for SKY O/A, our Office Automation application with integrated digital phone services. To achieve our Business Plan objectives in Asia, we have recently acquired Sino Beyond Limited, a Hong Kong company which will provide the vehicle for CHVC to acquire additional complementary businesses in the region. CHVC is a fully reporting company and is in the process of being sponsored by a Market Maker to become approved for quotation on the OTCBB market. The Company expects to work through the OTCBB approval process to become traded during this summer."
Burbank continued, "Our China contract deployments have been slower than anticipated due to the merger between China Netcom and China Unicom. The good news is that we are in the final stages of signing a new agreement with the surviving entity, China Unicom, to sell and deploy SKY O/A under the ICT business brand.
The Q-Chat teleconferencing application developed by CHVC subsidiary Candidsoft Technologies Company Ltd. of Beijing, Inc. (Candidsoft) for China Unicom's (CUC) SCDMA cellular network in GuangXi Autonomous Region and previously announced on March 03, 2009, continues to support over 400,000 users. To date, CUC has not expanded this application into other markets, primarily because CUC has not standardized its cellular network throughout the Country.
Burbank added, "CHVC has continued to maintain offices in Boca Raton, Florida, Dallas, Texas, Singapore and in Beijing and Nanning China. We are grateful to our shareholders, employees and business partners for their support and hard work through this transition. The Company is now well positioned to move forward for the benefit of its shareholders."
China Voice Holding Corp. ("CHVC") is a U.S. publicly-traded holding company headquartered in South Florida with a portfolio of next-generation communications products and services doing business in the People's Republic of China. Through its subsidiaries, the Company provides Voice over Internet Protocol ("VoIP") telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services in China, where the Company has obtained full legal status as a licensed telecommunications company. CHVC's focus is on providing its innovative and patented voice and data solutions to government agencies and large enterprises in China. China Voice Holding Corp. trades Over-the-Counter and is listed in the Pink Sheets under the symbol "CHVC". CHVC has become a fully reporting company and files required financial and disclosure reports with the SEC. The Company is progressing through the process for quotation on the OTCBB and expects to move to this market in the near future. Additional information may be found at www.chvc.com.
Forward-Looking Statements
The foregoing, including any discussion regarding the Company's future prospects, contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to risks and uncertainties associated with economic conditions in the telecommunications industry, particularly in the principal industry sectors served by the Company; risks and uncertainties inherent in the operation of businesses outside the United States; changes in customer requirements and in the volume of sales to principal customers; the ability of the Company to assimilate acquired businesses and to achieve the anticipated benefits of such acquisitions; competition and technological change; and the ability of the Company to control operating costs and maintain satisfactory relationships with existing and potential vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors that may be set forth in the Company's anticipated filings with the Securities and Exchange Commission.
China Voice Investor Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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CHVC Develops Cellular Teleconferencing Application to Support China Unicom’s 16 Million SCDMA Subscribers |
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Boca Raton, Florida – March 3, 2009 -- China Voice Holding Corporation (CHVC) (OTC: CHVC-News), announced today that its Chinese Subsidiary, Candidsoft Technologies Company Ltd. of Beijing, Inc.(Candidsoft) has developed a teleconferencing application called Q-Chat utilizing its SKY O/A enhanced services platform for China Unicom"s (CUC) SCDMA cellular network. This application allows multiple wireless callers to connect for a conference call.
CHVC"s President and CEO, Bill Burbank said, "China Unicom has included our service to 400,000 SCDMA subscribers in GuangXi Autonomous Region. China Unicom pays 2 RMB per subscriber which equates to approximately $120,000 per month for CHVC"s initial deployment. Candidsoft is currently upgrading this application to support twenty-seven additional CUC Provinces with approximately 16,200,000 more subscribers. In addition, CUC has requested that Candidsoft develop the same application for its GSM subscribers. As of April 2008, China Unicom had 125 million GSM subscribers, making it the world"s third largest mobile provider. We view this new wireless opportunity with China Unicom as having a huge potential because of our successful initial deployment and CUC"s large subscriber base."
Burbank added, "As we have previously announced, Candidsoft has five contracts with three large government agencies in China that call for the installation of 103,000 seats. The Company has installed approximately 1,000 seats and trained two groups of CUC personnel for installation and customer support. Today, a seat consists of a SKY O/A office automation license and configuration and IP Phone or ITA end devices to deliver VoIP telephone services. Over recent months, the deployment of VoIP telephone services by China Unicom has been slower than anticipated due to quality of service problems with China"s Internet as well as the quality of IP network hardware utilized throughout the country. For this reason, we are working closely with China Unicom to utilize its wireless SCDMA system as an alternative to the VoIP telephone services for our contract deployments. While CUC continues to install our services, we have been told that it will be April before we know whether CUC"s focus is to significantly increase its VoIP installations of Candidsoft"s contracts or to replace VoIP telephone services with CUC"s wireless network."
Candidsoft is an international software company based in the Zhong-Guan-Cun Science and Technology Park in Beijing, China. Candidsoft has used local expertise to research, develop, and establish information and communication platforms for business and government applications. Candidsoft uses "SKY O/A" as the product trademark and separates products into three general categories: O/A Cooperative Office Solutions, O/A Integrated Office Solutions, and O/A Unified Processing Solutions. The Company provides office automation and integration services to government, academic and commercial customers and has developed China"s first patented Office Automation application, in large part guided by the needs of Chinese Government Agencies. This platform was designed for flexibility and may be easily modified or extended to meet the specific needs of each Chinese Government Agency or Large Enterprise Companies. SKY O/A™ uses a web-based technology and allows multiple workers to collaborate on a single project. Candidsoft has also embedded technologically advanced third party software into its platform through CHVC"s office in Singapore and public holding company in the USA, helping Candidsoft deliver solutions that represent the best technology that China and the world can offer. The SKY O/A™ Office Automation platform currently supports over one million users within China.
China Voice Holding Corp. ("CHVC") is a U.S. publicly-traded holding company headquartered in South Florida with a portfolio of next-generation communications products and services doing business in the People's Republic of China. Through its subsidiaries, the Company provides Voice over Internet Protocol ("VoIP") telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services in China, where the Company has obtained full legal status as a licensed telecommunications company. CHVC's focus is on providing its innovative and patented voice and data solutions to government agencies and large enterprises in China. China Voice Holding Corp. trades Over-the-Counter and is listed in the Pink Sheets under the symbol "CHVC". CHVC has become a fully reporting company and has filed its required financial reports with the SEC. The Company applied for a listing on the OTCBB and expects to move to this exchange in the near future. Additional information may be found at www.chvc.com.
Forward-Looking Statements
The foregoing, including any discussion regarding the Company's future prospects, contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to risks and uncertainties associated with economic conditions in the telecommunications industry, particularly in the principal industry sectors served by the Company; risks and uncertainties inherent in the operation of businesses outside the United States; changes in customer requirements and in the volume of sales to principal customers; the ability of the Company to assimilate acquired businesses and to achieve the anticipated benefits of such acquisitions; competition and technological change; and the ability of the Company to control operating costs and maintain satisfactory relationships with existing and potential vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors that may be set forth in the Company's anticipated filings with the Securities and Exchange Commission.
China Voice Investor Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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