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Murphy Analytics Research Group Affirms 'Outperform' Rating on China Voice Holding Corp. Based on Progress

Posted on: Friday, 5 December 2008, 10:17 CST

BOCA RATON, Fla., Dec. 5 /PRNewswire-FirstCall/ -- China Voice Holding Corporation (CHVC) (OTC: CHVC), announced today that Murphy Analytics, an equity research group who initiated coverage on July 31, 2008 has updated coverage on CHVC and affirmed their "Outperform" rating based on the progress to date and significant opportunity before the Company.

In the original report entitled "Contracts with Chinese Government and Partnership with China Netcom Drive Near and Long Term Opportunity for CHVC," Murphy Analytics points out the huge opportunity in China that should significantly propel CHVC's revenues in China over the next 3 years.

According to Patrick J. Murphy, CFA, and author of the report, CHVC's unique and patented Office Automation software with Voice over IP Telephony services added, along with its partnership with China Netcom who recently merged with China Unicom and the lack of any viable Chinese software alternative for large governmental agency users, makes it clear that the opportunities are very attractive and the projected results are reasonably attainable.

CHVC's President and CEO, Bill Burbank said, "We are very pleased with the in-depth coverage of Murphy Analytics Research. Their report provides serious investors with a very comprehensive view of our Company, progress and what we believe to be a bright future for our shareholders. Murphy Analytics continues to see a great deal of upside in both the near and long term for CHVC shareholders in their updated report with their Outperform rating."

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 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 Sheets under the symbol "CHVC". Prior to the filing of periodic reports to the SEC, the Company is providing its recently audited financial statements and other current information at the pinksheets.com website. Additional information may be found at http://www.chvc.com.

About Murphy Analytics

Murphy Analytics provides company-sponsored research coverage on small-cap stocks in a broad range of sectors. Murphy Analytics was paid $2,000 by China Voice Holding Corp. for the report update. For additional information, please visit http://www.murphyanalytics.com. The views expressed in the report on China Voice Holding Corp. accurately reflect the analyst's personal views. Neither the analyst's compensation nor the compensation received by Murphy Analytics is in any way related to the specific ratings or views contained in this research report.

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.

SOURCE China Voice Holding Corporation

Source: PR Newswire

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