Message #11 From:
TheMachine Date: April 8, 2009 01:48:16 PM
CHVC Stock News : China Voice Holding Corp. Develops Cellular Teleconferencing Application to Support China Unicom's 16 Million SCDMA Subscribers
BOCA RATON, Fla., March 3
/PRNewswire-FirstCall/ -- China Voice Holding Corporation (CHVC) (OTC:
CHVC), announced today that its Chinese Subsidiary, Candidsoft
Technologies Company Ltd. of Beijing,
Inc.(Candidsoft) has developed a teleconferencing application called
Q-Chat utilizing its SKY O/A enhanced services platform for China
Unicom's (CUC) SCDMA cellular network. This application allows multiple
wireless callers to connect for a conference call.
CHVC's President and CEO, Bill Burbank said, 'China Unicom has included our service to 400,000 SCDMA subscribers in GuangXi Autonomous Region. China Unicom pays 2 RMB per subscriber which equates to approximately $120,000
per month for CHVC's initial deployment. Candidsoft is currently
upgrading this application to support twenty-seven additional CUC
Provinces with approximately 16,200,000 more subscribers. In addition,
CUC has requested that Candidsoft develop the same application for its
GSM subscribers. As of April 2008, China Unicom had 125
million GSM subscribers, making it the world's third largest mobile
provider. We view this new wireless opportunity with China Unicom as
having a huge potential because of our successful initial deployment
and CUC's large subscriber base.'
Burbank added, 'As we have previously announced, Candidsoft has five contracts with three large government agencies in China
that call for the installation of 103,000 seats. The Company has
installed approximately 1,000 seats and trained two groups of CUC
personnel for installation and customer support. Today, a seat consists
of a SKY O/A office automation license and configuration and IP Phone
or ITA end devices to deliver VoIP telephone services. Over recent
months, the deployment of VoIP telephone services by China Unicom has
been slower than anticipated due to quality of service problems with
China's Internet as well as the quality of IP network hardware utilized
throughout the country. For this reason, we are working closely with
China Unicom to utilize its wireless SCDMA system as an alternative to
the VoIP telephone services for our contract deployments. While CUC
continues to install our services, we have been told that it will be
April before we know whether CUC's focus is to significantly increase
its VoIP installations of Candidsoft's contracts or to replace VoIP
telephone services with CUC's wireless network.'
Candidsoft is an international software company based in the Zhong-Guan-Cun Science and Technology Park in Beijing, China.
Candidsoft has used local expertise to research, develop, and establish
information and communication platforms for business and government
applications. Candidsoft uses 'SKY O/A' as the product trademark and
separates products into three general categories: O/A Cooperative
Office Solutions, O/A Integrated Office Solutions, and O/A Unified
Processing Solutions. The Company provides office automation and
integration services to government, academic and commercial customers
and has developed China's first patented Office Automation application,
in large part guided by the needs of Chinese Government Agencies. This
platform was designed for flexibility and may be easily modified or
extended to meet the specific needs of each Chinese Government Agency
or Large Enterprise Companies. SKY O/A(TM) uses a web-based technology
and allows multiple workers to collaborate on a single project.
Candidsoft has also embedded technologically advanced third party
software into its platform through CHVC's office in Singapore and public holding company in the USA, helping Candidsoft deliver solutions that represent the best technology that China and the world can offer. The SKY O/A(TM) Office Automation platform currently supports over one million users within China.
China Voice Holding Corp. ('CHVC') is a U.S. publicly-traded holding company headquartered in South Florida with a portfolio of next-generation communications products and services doing business in the People's Republic of China.
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. 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 Sheets under the
symbol 'CHVC'. CHVC has become a fully reporting company and has filed
its required financial reports with the SEC. The Company applied for a
listing on the OTCBB and expects to move to this exchange in the near
future. 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 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.
China Voice Investor Contact: The Eversull Group, Inc. Jack Eversull 972-378-7917 972-378-7981 (fax) jack@theeversullgroup.com ir@chvcmail.com