China VoIP & Digital Telecom, Inc. Subsidiary Forms Strategic Alliance to Develop Beijing Market.Jinan Yinquan Technology Co., Ltd. and Beijing Runfchant Figures System Engineering Co., Ltd to Market VoIP Services in China's Second Largest City HENDERSON, Nev. -- Jinan Yinquan Technology Co., Ltd., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of China VoIP & Digital Telecom Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CVDT CVDT Current Value Data Table CVDT Command Visual Display Terminal ), today announced it has formed a strategic alliance with Beijing Runfchant Figures System Engineering Co., Ltd. (Beijing Ruiyi Fengcheng Technology Co., Ltd) to expand its proprietary Voice-over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (VoIP) services to Beijing. Jinan Yinquan recently announced that it was expanding its services to Shanghai and Beijing, the two largest cities in the People's Republic of China
According to administrative divisions of the People's Republic of China, there are three level of cities, namely municipalities, prefecture-level cities, and county-level cities. . 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 Internet user n → internauta m/f Internet user Internet n → internaute m/f . Beijing Runfchant is currently involved in Internet system integration and engineering. The company intends to expand its services to VoIP and believes the best way to fast track that effort is through a cooperative venture with a leading company like Jinan Yinquan. "Beijing Runfchant has studied our core business in Shandong Province and is very confident that they can, with our assistance, replicate rep·li·cate v. 1. To duplicate, copy, reproduce, or repeat. 2. To reproduce or make an exact copy or copies of genetic material, a cell, or an organism. n. A repetition of an experiment or a procedure. our successful marketing and operations model in Beijing," said Li Kunwu, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of China VoIP & Digital Telecom Inc. "Both companies intend on making a significant investment in the infrastructure required to build up the system to service the anticipated demand for our product offerings." 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. "We've always stressed the importance of establishing a foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. in Beijing and Shanghai if we are to become a market leader in the Chinese VoIP space," said Kunwu. "These two high-profile cities represent a significant opportunity to grow our business and bring in both top and bottom line revenue. We're delighted to be partnering with Beijing Runfchant as they share our fervor to take a very aggressive approach to growing our business in Beijing." About China VoIP & Digital Telecom Inc. China VoIP & Digital Telecom Inc. offers Voice over the Internet Protocol service in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. 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. More information can be found at www.chinavoip-telecom.com. Notice Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. Forward-looking statements in this press release include that these two high-profile cities represent a significant opportunity to grow our business and bring in both top and bottom line revenue; that both companies intend on making a significant investment in the infrastructure required to build up the system to service the anticipated demand for our product offerings; that Beijing Runfchant has studied our core business in Shandong Province and is very confident that they can, with our assistance, replicate our successful marketing and operations model in Beijing and 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. Actual results may differ materially from those currently anticipated due to a number of factors as we may find that our products must compete with cheaper or better products; we may not be able to retain key employees; a bigger market may not develop for our products and we may not be able to continue to attract new customers; we may face litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. if our technology fails to work when required; our intellectual property may be attacked and defeated in court proceedings; our patent filings may be rejected by the patent offices; other companies may discover and develop better or cheaper technologies that would render our products obsolete; we may not have sufficient funding to further develop and/or market our technology; and we may face regulatory issues in trying to expand throughout China. There are also country risks associated with investing in China, including currency fluctuation Fluctuation A price or interest rate change. , repatriation Repatriation The process of converting a foreign currency into the currency of one's own country. Notes: If you are American, converting British Pounds back to U.S. dollars is an example of repatriation. of capital, and potential regulatory hurdles. Readers are directed to the China VoIP & Digital Telecom Inc. reports as filed with the U.S. Securities and Exchange Commission from time to time, including but not limited to its 8-K filed November 13, 2006 under our prior name Crawford Lake Mining Inc. which outlined the company's current business for further information and factors that may affect China VoIP & Digital Telecom Inc.'s business and results of operations as well as the Company's form 10-QSB filed on December 15, 2006. China VoIP & Digital Telecom Inc. undertakes no obligations to publicly update any forward-looking statements to reflect future events or circumstances. |
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