China VoIP & Digital Telecom, Inc. Subsidiary Launches Systemwide Upgrade and Expansion Program.Jinan Yinquan Technology Co., Ltd. Plans to Increase Server Capacity and Add Equipment in New Cities and Provinces to Accommodate Growing Demand for Its VoIP Services HENDERSON, Nev. -- Citing growing demand for its voice over Internet services, 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 launched a major, systemwide expansion program. The Company said it plans to significantly increase server capacity, add equipment in cities and provinces that are targeted for expansion, increase the number of available phone numbers, replace certain equipment to increase speed and efficiency as well as add additional staff at current and future locations. Jinan Yinquan, a technology company offering VoIP services in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China, has been developing telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. solutions for China's burgeoning Internet industry for more than half a decade. "Our mission is to become the premier provider of VoIP services in the People's Republic of China," 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. "To accomplish that goal we need to always be several steps ahead of our growth so that we will never be in a position that we cannot adequately service our subscriber base. Therefore, we are adding two new servers to our current infrastructure, creating additional capacity for five hundred thousand new users (500,000). This brings our total infrastructure to twenty-seven (27) servers. All of our new servers will be installed in China Tie Tong's equipment room, who provide us with the necessary access to bandwidth, network infrastructure and E1 interface. Expansion programs such as this will be virtually ongoing." Jinan Yinquan's proprietary NP Soft Switch IP telephone system enables users to access Voice over the 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 allowing customers to use the system to make telephone calls to anyone in the world at a much lower cost than standard telephone rates. Jinan Yinquan currently services three provinces and 19 cities with Shandong Province its primary base of operations Noun 1. base of operations - installation from which a military force initiates operations; "the attack wiped out our forward bases" base air base, air station - a base for military aircraft army base - a large base of operations for an army . Short- and long-term plans call for the expansion throughout China. Jinan Yinquan recently announced a cooperative venture with one of China's premier licensed telecom providers, China Tie Tong tong 1 tr.v. tonged, tong·ing, tongs To seize, hold, or manipulate with tongs. [Back-formation from tongs. , one of only six licensed providers in the country. This effort will allow the Company to rapidly deploy its VoIP technology throughout the world's most populous pop·u·lous adj. Containing many people or inhabitants; having a large population. [Middle English, from Latin popul country. The ability to increase telephone number capacity will be provided through China Tie Tong. In turn, Jinan Yinquan will route all calls through Tie Tong's extensive network and backbone. 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, employs 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 RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) . (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. 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 the increase in server capacity will allow the company to stay ahead of their growth; that replacing current technology with new equipment will increase speed and efficiency of the infrastructure; that Jinan Yinquan'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; the ability to increase telephone number capacity will be provided through China Tie Tong; and our cooperative venture with Tie Tong not only allows us to expand throughout the country, but may bring to our Company many other advantages such as accessing the network server, network bandwidth and telephone numbers as well as provide the Company with additional sales channels for its NP Soft Switch system. 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 OBSOLETE. This term is applied to those laws which have lost their efficacy, without being repealed, 2. A positive statute, unrepealed, can never be repealed by non-user alone. 4 Yeates, Rep. 181; Id. 215; 1 Browne's Rep. Appx. 28; 13 Serg. & Rawle, 447. ; 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 and our 10-QSB form 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 CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion