• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

China Voice Holding Corp. Announces Installation of Virtual PBX System in China

Posted on: Wednesday, 7 December 2005, 12:00 CST

China Voice Holding Corp. (the "Company") (Pink Sheets:CHVC) today announced that it has completed the initial installation of hardware and software for its virtual PBX system at one of its co-location facilities in Beijing, China.

D. Ronald Allen, the Company's President and CEO, stated that "the successful installation of the hardware and software in Beijing now enables the Company to begin installing the initial 3,000 lines of premium virtual PBX services to Chinese government agencies and commercial customers pursuant to strategic agreements that will result in a total of 160,000 installed lines and $64 million of annualized revenue by year-end 2006. We are confident that our customers will be pleased with the superior level of voice quality combined with the wide variety of features, functions and cost savings that are inherent in our virtual PBX service."

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 Voice over Internet Protocol ("VoIP") telephone services and other advanced voice and data services in China, where they have obtained full legal status through their Chinese affiliate as a licensed telecommunications 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 and mobility services, hosted groupware and collaboration services, long distance terminations and local and long distance services. The Company's virtual PBX service allows users to access more than 200 features and functions and enables customers to seamlessly integrate 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 500 million subscribers. The Company's growth strategy is directed at the business and government market segments by providing high value services and partnering with various government agencies and the large state-owned telephone companies. Upon obtaining audits of prior fiscal years, the 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 Small Cap Market or the AMEX 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 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: Business Wire

More News in this Category