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Ho Hum...looks like it's going to be another 8% up day. Aside from the market correction last week this thing just keeps going up.
China VoIP & Digital Telecom, Inc. Subsidiary to Begin Aggressive Marketing Efforts in Shanghai and Beijing
Monday January 22, 9:45 am ET
Jinan Yinquan Technology Co., Ltd. to Expand to China's Two Largest Cities
HENDERSON, Nev.--(BUSINESS WIRE)--Jinan Yinquan Technology Co., Ltd., a wholly owned subsidiary of China VoIP & Digital Telecom Inc. (OTCBB:CVDT - News), today announced it will expand its proprietary Voice-over Internet Protocol (VoIP) services to the two largest cities in the People's Republic of China. Utilizing the highly successful model of its Shandong Province core market, the Company said it will initially begin marketing efforts in Shanghai and quickly expand to Beijing. With nearly 19 million people, Shanghai is China's largest city. Recognized as one of the country's leading communications centers, Shanghai has (according to most available statistics) more than 4.4 million Internet users. Beijing, the political center of the country, is the second largest city with a population of more than 15 million people and in excess of 4 million Internet users.
"We're very confident that the successful marketing and operations model we've established in our core, Shandong Province market can be readily applied to both of these high profile cities," said Li Kunwu, President and CEO of China VoIP & Digital Telecom Inc. "We intend on making a significant investment in the infrastructure of each market to build up the system and initiate the business."
Prior to this announcement, Jinan Yinquan has been servicing three provinces and 19 cities with Shandong Province its primary base of operations. The Company has short- and long-term plans that call for the expansion throughout China.
The Company's proprietary NP Soft Switch IP telephone system enables users to access Voice over the Internet Protocol (VoIP) services, allowing customers to use the system to make telephone calls to anyone in the world at a much lower cost than standard telephone rates.
"To become a market leader in China, you must be able to establish a foothold in Shanghai and Beijing," said Kunwu. "It's the United States equivalent of being successful in New York and Los Angeles. This is a very fertile area for our products and services and we intend to take a very aggressive approach to growing our business in China's two largest cities."
Jinan Yinquan recently announced its new electronic fax system for enterprise business customers in partnership with China Tie Tong. Available across Shandong Province, the electronic fax service is an Internet-based fax solution that will enable enterprise businesses to send and receive faxes using existing email accounts. Unlike traditional faxing, electronic faxing is convenient, cost-effective, secure, integrated and automated.
China Tie Tong is one of the six largest basic telecom operators in China. The company, which has 31 provincial branches and 316 municipal branches, employees approximately 72,000 people. Its high-speed backbone optical transmission network consists of five fiber loops covering most of the cities in China's 31 provinces and a distance of 52,000 kilometers. During the period of 2001 to 2005, annual revenues have grown by 30 percent, while fixed-line subscribers increased from 1.35 million to 16.4 million. By the end of 2005 the company had 2 million Internet subscribers and assets of 53.3 billion RMB. (For more information, go to www.chinatietong.com.)
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers Voice over the Internet Protocol service 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 stage of other Information Technology products. The Company currently has 30 employees and is located in the Shandong Province, People's Republic of China.
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