China VoIP & Digital Telecom Inc. Signs Virtualization Contract with Xinwen Mining Group Co., Ltd.
Technology, the wholly-owned subsidiary of
(OTC Bulletin Board: CVDT), today announced that it has signed a contract with
Xinwen Mining Group Co., Ltd. (“Customer”) to launch its integrated datacenter
virtualization solution.
Xinwen Mining Group Co., Ltd. is a large enterprise with state-owned
assets as its main body and a co-existing diversified ownership. It
specializes in coal mining and production. In 2009, the company’s coal output
reached 27 million tons with revenue of
tons, with production capacity of 112 million tons/year. It has three coal
production bases in
respectively. The company will progressively increase its coal production
capacity by 10 million tons each year starting in 2010.
As Xinwen Mining Group expands its business operations, the number of
servers increases, leading to higher equipment and maintenance costs. In
order to enhance its system’s security and increase the servers’ efficiency
and cost-effectiveness, the company recently adopted Yinquan’s integrated
virtualization solution. As a result, the number of servers is expected to be
reduced as well as the costs associated with related equipment and maintenance.
The successful cooperation between Jinan Yinquan and Xinwen Mining Group
continues to demonstrate Yinquan’s ability to serve large-scale enterprise
users. It also adds to Yinquan’s credibility and improves its corporate image
and brand awareness. It will be the successful showcase for Jinan Yinquan to
promote its virtualization technology to the large state-owned enterprises in
About
application in
subsidiary Jinan Yinquan Technology Co., Ltd and Beijing PowerUnique
Technologies, Co., Ltd. Through the two subsidiaries,
Telecom is well positioned to take full advantage of the tremendous economic
growth currently being experienced in China. The Company is currently
marketing its integral virtualization solutions and services in China and at
this time is in the testing stages of other Information Technology products.
More information can be found at http://www.chinavoip-telecom.com .
About Virtualization Technology
Virtualization is a proven software technology that is rapidly
transforming the IT landscape and fundamentally changing the way people
compute.
Today’s powerful x86 computer hardware was originally designed to run only
a single operating system and a single application, but virtualization breaks
that boundary, making it possible to run multiple operating systems and
multiple applications on the same computer at the same time, increasing the
utilization and flexibility of hardware.
Virtualization is a technology that can benefit anyone who uses a computer,
from IT professionals and Mac enthusiasts to commercial businesses and
government organizations. Join the millions of people around the world who use
virtualization to save time, money and energy while achieving more with the
computer hardware they already own.
Safe Harbor Statement
Certain of the statements made in the press release constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements can be identified by the use
of forward-looking terminology such as “believe,” “expect,” “may,” “will,”
“should,” “project,” “plan,” “seek,” “intend,” or “anticipate” or the negative
thereof or comparable terminology. Such statements typically involve risks and
uncertainties and may include financial projections or information regarding
our future plans, objectives or performance. Actual results could differ
materially from the expectations reflected in such forward-looking statements
as a result of a variety of factors, including the risks associated with the
effect of changing economic conditions in
variations in cash flow, reliance on collaborative retail partners and on new
product development, variations in new product development, risks associated
with rapid technological change, and the potential of introduced or undetected
flaws and defects in products, and other risk factors detailed in reports
filed with the Securities and Exchange Commission from time to time.
For more information please contact
CVDT Investor Contacts:
Michelle Wong
Tel: +86-531-5558-5742
Email: michellewong@chinavoip-telecom.com
Great Wall Research LLC
Sheena Shen
Tel: +1-203-252-7266
Email: sshen@greatwallresearch.com
SOURCE