JINAN, China--(Business Wire)--
Jinan Yinquan Technology, the wholly owned subsidiary of China VoIP & Digital
Telecom Inc. (CVDT.OB), today announced that as a result of the political riot
on July 5 in Urumqi, the capital of the Xinjiang Uygur Autonomous region, the
country issued an order in July 2009 to block VoIP services, which may be
difficult to continue. The government has not removed the order to resume
services.
Mr. Li Kunwu, CEO of the company, said: "The indefinite block of VoIP services
is a political need at this time and we cannot change the government`s policy.
CVDT is considering discontinuing the VoIP service and focusing on providing the
virtualization solutions and services."
In addition, Mr. Li added, "While the block that happened this time is a special
issue, it is beyond our expectations that the government has not lifted the
order to resume VoIP services. As a result, the company's telecom service
business has suffered tremendously. We hope that all investors understand that
the company`s future VoIP operations are facing great uncertainties and
challenges."
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers Voice Over the Internet Protocol (VOIP)
telecommunications services together with the virtualization technology
application in the People's Republic of China through its wholly owned
subsidiary Jinan Yinquan Technology Co., Ltd. Through Jinan Yinquan, China VoIP
is well positioned to take full advantage of the tremendous economic growth
currently being experienced in China. The Company is currently marketing its NP
Soft Switch system in China and is currently in the testing stages of other
Information Technology products. More information can be found at
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.
Yinquan Investor:
Jinan Yinquan Technology
Michelle Wong, +86-531-8702-7114
michellewong@yinquan.cn
or
Great Wall Research LLC
John Armstrong, 203-536-1928
jarmstrong@greatwallresearch.com
Copyright Business Wire 2009
