China Voice Holding Corp. Hires Key Executive.Focus Will be Increasing Margins and Expanding Wholesale Termination Operations BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- China Voice Holding Corporation (CHVC CHVC Carl Hayden Visitor Center (Glen Canyon Dam, AZ) ) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CHVC), announced today that it has hired James Rapant as Vice President of Business Development for its wholly owned U.S. subsidiary, CVC See CSC. International, Inc. (CVC). Mr. Rapant will focus on maximizing the profitability of the Company's new Prepaid Calling Card products and broadening the base of Suppliers for its wholesale termination business. CHVC's 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. Bill Burbank said, "James brings over 16 years of Sales and Business Development experience to the Company. He has vast experience in working with Telecom Carriers and the platforms utilized to support Wholesale Origination and Termination, and Calling Card products. With the Company's newly expanded network infrastructure and growing U.S. revenues in prepaid calling cards and prepaid cellular products, James is a perfect fit. Since last June, CHVC has been acquiring and establishing many U.S. subsidiaries to support growth in the prepaid calling card and wholesale termination business. Now that we have accomplished our goal of building this business to over $70 Million in annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues, it is time to enter the next phase of our Business Plan to focus on substantially increasing operating margins. The objective will be to establish our Calling Card brand that uses our network and to open new direct international routes for our wholesale termination business while increasing margins." Mr. Rapant was most recently President of Brilliant Telecom Group, a switch-based International VoIP wholesale carrier. Prior to Brilliant, he was a Senior Account Manager for ITXC (Internet Telephony Exchange Carrier Corporation, Princeton, NJ, www.itxc.com) The largest IP exchange carrier in the world. ITXC was acquired by wholesale telco provider Teleglobe Bermuda Ltd. in 2004 and then by Videsh Sanchar Nigam Ltd. Corp. where he was responsible for contract negotiations and managing such accounts as AT&T, Verizon Global Solutions and IDT IDT Integrated Device Technology, Inc. (Santa Clara, CA, USA) IDT I Don't Think IDT Identity Theft IDT Interrupt Descriptor Table IDT Integrated DNA Technologies IDT Inactive Duty Training IDT Instructional Design & Technology USA Telecom. Before ITXC, Mr. Rapant was a Major Account Manager for LDDS See WorldCom. and Cable & Wireless. He holds a B.S. degree from the University at Albany where he also earned Associate degrees in Biology and Marketing. CVC International, Inc is a Florida-based, international provider of VoIP telecommunications services to CLEC's, ISPs, IXC's, PTT's, Cable companies, large Call Contact Centers and other communication Service Providers. CVC International's focus is to provide high quality and large volume international routes at great prices to its customers. The Company utilizes a next generation Enhanced Services platform and Network Operations Centers (NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, ) which are manned 24/7. Fully redundant technologies are deployed in a scalable network environment to enable the Company to compete effectively and efficiently in the ever-evolving and rapidly growing IP telecommunications marketplace. China Voice Holding Corp. ("CHVC") is a U.S. public holding company headquartered in South Florida with a portfolio of next-generation communications products and services doing business in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China and the U.S. Through its subsidiaries, the Company provides Voice over Internet Protocol ("VoIP") telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services in China, where the Company has obtained full legal status as a licensed telecommunications company. The Chinese telecommunications market is the largest and fastest growing in the world. CHVC's focus is on providing its innovative and patented voice and data solutions to government agencies and large enterprises in China. China Voice Holding Corp. trades Over-the-Counter and is listed in the Pink OTC Markets, Inc. under the symbol "CHVC." Upon obtaining audits of prior fiscal years, the Company plans to file with the Securities & Exchange Commission ("SEC") to become a full-reporting company, 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 or the AMEX AMEX See: American Stock Exchange ; and is on schedule to complete these filings in early 2008. 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. Additional information may be found at www.chvc.com. 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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