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China VoIP & Digital Telecom, Inc. Subsidiary Signs Cooperative Agreement to Market Additional Product Lines.


Jinan Yinquan Technology Co., Ltd. and ZhongBao Xin'an (Beijing) Technology Co., Ltd. to Market ZhongBao's Network and Information Security Products in the Shandong Province

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 cooperative arrangement with ZhongBoa Xin'an (Beijing) Technology Co., Ltd. to exclusively market ZhongBao's network and information security products in the Shandong Province. ZhongBao will, in return, help Yinquan market its VoIP products in the Beijing area and as well as through its existing sales channel.

ZhongBao currently offers ten different technology products in four distinct categories. Many of its security products are built to military standards.

"In our continued effort to add quality products to our product line, we are very happy to have established this exclusive relationship with ZhongBao," 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. "By using our existing sales and distribution channels to market the new products in the Shandong Province, we believe that we can generate approximately $1.2M in additional revenues. We also believe that some of ZhongBao's products complement our VoIP products and can only enhance our ability to continually con·tin·u·al  
adj.
1. Recurring regularly or frequently: the continual need to pay the mortgage.

2.
 deliver secure, high-quality VoIP telecom services to our customers."

The Company'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.

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 by using our existing sales and distribution channels to market the new products in the Shandong Province, we believe that we can generate approximately $1.2M in additional revenues; that we also believe that some of ZhongBao's products complement our VoIP products and can only enhance our ability to continually deliver secure, high-quality VoIP telecom services to our customers; 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 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 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 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
.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:9CHIN
Date:Apr 5, 2007
Words:765
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