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CHVC Rebuilds U.S. Operations and Updates Shareholders |
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Thursday April 08, 2010 2:44pm ET
Boca Raton, Florida – April 08, 2010 -- China Voice Holding Corporation (CHVC) (OTC: CHVC-News), announced today that it has recently established two new subsidiaries to rebuild its U.S. infrastructure.
CHVC's President and CEO, Bill Burbank said, "Because of the fundraising difficulties that Flint Telecom Group, Inc. experienced during 2009 after acquiring six U.S. subsidiaries from our Company, we decided to aggressively rebuild our U.S. operations. Our focus is to quickly establish and acquire synergistic companies that have the ability to drive the company to profitability and enable us to leverage opportunities in China."
Today, in the United States, the Company engages in two related activities; as a provider of Prepaid Calling Products targeted at large ethnic group populations and as a provider of wholesale VoIP telecommunications services focused on selling international termination minutes to Carrier and other Service Provider customers.
Jose Ferrer, CHVC's COO stated, "In a little more than two months, we have ramped sales of our two initial U.S. subsidiaries to an annualized run rate of $6,400,000. With the introduction of the new and innovative prepaid calling products currently underway as well as the addition of new Master Distributors strategically located throughout the U.S., I expect this business to continue its rapid growth during this calendar year."
Burbank continued, "We are off to a good start in re-building a solid foundation from which to grow. We believe that in a short time our efforts will provide significant shareholder value and support. During the last few months we have been "quiet", and going forward we intend to frequently communicate the Company's progress to our shareholders. With this said, the Company expects to soon be in a position to update our shareholders on our business in China and a potential agreement from Flint Telecom Group to restructure and/or settle their debt to us."
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 U.S. and 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, VoIP wholesale termination services, prepaid calling products and other advanced voice and data services. China Voice Holding Corp. trades Over-the-Counter and is listed in the Pink Sheets under the symbol "CHVC". CHVC files required financial and disclosure reports with the Securities and Exchange Commission. 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
972-571-1624
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CHVC Signs Agreement with China Mobile and Provides Update to Shareholders |
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Friday October 30, 2009 10:25am ET
Boca Raton, Florida – October 30, 2009 -- China Voice Holding Corporation (CHVC) (OTC: CHVC-News), announced today that its China subsidiary, Beijing CandidSoft Technology Co. Ltd. (CandidSoft), has signed an agreement with China Mobile, the world's largest mobile network and mobile subscriber base carrier, to provide CandidSoft with preferential rates and cooperation. The China Mobile agreement term is for 5 years. The Company had previously announced on July 16, 2009 that it had signed a similar agreement with China Netcom, which is now China Unicom Ltd. Both agreements are revenue sharing arrangements and also provide for installation and support of the Company's current Chinese Government and large enterprise customer contracts for SKY O/A Office Automation with integrated Digital Voice Application in the Guangxi Province.
CHVC's President and CEO, Bill Burbank, said, "We now have signed agreements with two of the three Chinese carriers to support our large enterprise and government contracts in China. Both China Mobile and China Unicom have invested hundreds of millions of dollars into their wireless 3G network and are looking for partners to not only use their networks but provide value added solutions that keep their customers connected to them. CandidSoft's solutions do just that, and we expect to see installation progress by the end of this year. We anticipate that utilizing wireless broadband connectivity will enable us to install our solution at a much faster pace and at less cost to the carrier than running cable, especially in remote rural areas."
Update to Shareholders
- China M & A Strategy- As previously announced, the Company recently acquired Sino Beyond Limited, a Hong Kong company. This company will be utilized to acquire additional companies in China. CHVC has also engaged Hong Kong accounting firm, BDO Limited, to certify the company's value so that it can engage targeted acquisitions in China.
- Technology Solutions required for CandidSoft Contract Deployments- Beijing CandidSoft Technology Co. Ltd. has signed an agreement with Borde Solutions Pte. Ltd. of Singapore whereby Borde shall supply the Borde – Hybrid Wireless Solution to CandidSoft's broadband connectivity provider for the Company's government and large enterprise contracts. The Borde system is an integrated edge device to provision wireless access and connectivity including QoS, Filtering and Virus/Spam. The device supports wired cable connectivity as well as wireless 3G and WiFi or WiMax. Borde's devices are currently being evaluated and certified by China Unicom Ltd. After this approval, the Company will apply for China's MII certification as well. The Company expects this device to enable use of China Mobile and China Unicom's 3G wireless networks as well as resolve many China internet quality issues that the Company has experienced in the past. This device does not replace the Company's use of InterEdge Technologies VoIP end devices used for SKY O/A Office Automation with integrated Digital Voice.
- Large Logistics Company Focus- During 2009, CandidSoft has focused on providing solutions to large logistics companies because of its success during the first phase of its agreement with previously announced SuperBig Logistics Co. The Company is currently in the final planning stage of Phase 2 of the SuperBig Enterprise IT Modernization Contract, which is projected to be $10 Million in revenue and has also signed a Letter of Intent with Wantong Logistics, another large Chinese logistics company.
- Advance to the OTCBB- CHVC as a fully reporting company is being sponsored by a Market Maker to become approved for quotation on the OTCBB market. The Company is currently working through the OTCBB approval process.
- Q-Chat teleconferencing application- This application that was developed by 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.
- China Contract Installations – The Company has experienced major delays in installation of its contracts, due primarily to the China Netcom and China Unicom merger, which was completed in May of this year. CHVC remains optimistic that with the support agreements signed with China Unicom and China Mobile, as well as the agreement with Borde Solutions, that it will be in a much better position to overcome the many obstacles it has experienced during this year. Based on this positive direction, CHVC believes that it will start realizing additional revenue from its contracts sometime in December of this year.
China Voice Holding Corp. ("CHVC") is a U.S. public 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 and the U.S. 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. The Chinese telecommunications market is the largest and fastest growing in the world. 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." Upon obtaining audits of prior fiscal years, the Company plans to file with the Securities & Exchange Commission ("SEC") to become a full-reporting company, at which time it will apply for a listing on the NASDAQ or the AMEX; and is on schedule to complete these filings in early 2008. Prior to the filing of periodic reports to the SEC, the Company is providing publicly-available financial statements and other current information at the pinksheets.com website. 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
Contact
China Voice Investor Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
Source: China Voice Holding Corp.
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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)
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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