China Voice Holding Corp. Announces Acquisition of Candidsoft Technologies.DALLAS -- China Voice Holding Corp. (the "Company") (Pink Sheets:CHVC CHVC Carl Hayden Visitor Center (Glen Canyon Dam, AZ) ) today announced that it has completed the acquisition of a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Candidsoft Technologies Company Ltd. of Beijing ("Candidsoft"), an international office-automation software and technology company headquartered in Beijing, China. Candidsoft provides office automation and integration services to government, academic and commercial customers. Candidsoft developed China's first patented groupware, which can be easily modified and redeveloped to suit the specific needs of its customers. It has established long-term relationships with numerous government and academic customers such as China Foreign Trade Commission, China Telecommunication Administration Bureau, China Tourism Bureau, China Anti-Poverty Office, Beijing Normal University Beijing Normal University (Simplified Chinese: 北京师范大学; Traditional Chinese: 北京師範大學 , and Zhong Shan University, as well as a number of privately-owned businesses. Candidsoft reported 2005 sales of approximately $2,500,000 with profits of approximately $600,000 and projects 2006 sales in excess of $5,000,000 and profits of approximately $1,000,000. D. Ronald Allen
Ronald Allen (December 16, 1934 - (some sources say 1930) in Reading, Berkshire — June 18, 1991) was an established English character actor. , the Company's President and C.E.O., stated that, "The acquisition of Candidsoft will enable the Company to seamlessly integrate existing virtual PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). services with Candidsoft's advanced office-automation technology. The acquisition will also greatly enhance the market presence of the Company by utilizing Candidsoft's existing marketing capabilities." As a result of the acquisition, the Company will be able to provide voice communications, data management, work flow and organization management, telephone and video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. , and mobile office solutions such as "find-me-follow-me" services, which will enable information from different networks to be converted and presented to the user in a unified form. "We are confident that our government and commercial customers will be pleased with the complete, one-stop communications and office management solutions our Company can provide," added Mr. Allen. China Voice Holding Corp. trades Over-the-Counter and is listed in the Pink Sheets under the symbol "CHVC." About China Voice Holding Corp. China Voice Holding Corp. provides advanced voice, data and other telecommunication services in China, where they have obtained full legal status through their Chinese affiliate as a licensed telecommunications company See telecom company. with the ability to offer products throughout all of China using the existing Chinese phone system as well as offering additional services over the Internet. The Company's product line includes virtual PBX services, unified communications The real time redirection of a voice, text or e-mail message to the device closest to the intended recipient at any given time. For example, voice calls to desk phones could be routed to the user's cellphone when required. and mobility services, hosted groupware and collaboration services, long distance terminations and local and long distance services. The virtual PBX services will allow end users to access more than 200 features and functions including voice mail, conferencing, find-me-follow-me service, unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. and many others. The system will also enable the government agencies and major enterprises to seamlessly integrate their voice services with existing data networks and other internal applications. The Chinese telecommunications market is the fastest growing and largest market in the world with over 730 million subscribers. The Company's growth strategy is directed at business and government market segments by providing high value services and partnering with the large state-owned telephone companies and the government itself. Upon obtaining audits of prior fiscal years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time Company plans to file a Form 10 with the Securities & Exchange Commission ("SEC") to become a full-reporting company in 2006 at which time it will apply for a listing on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Small Cap Market or the AMEX AMEX See: American Stock Exchange exchange. 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. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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