China VoIP & Digital Telecom Director Provides Opinions Regarding China Telecom Industry Restructuring at Sina.com.cn
JINAN, CHINA, Mar 18 (MARKET WIRE) --
A member of the board of directors at China VoIP & Digital Telecom Inc.
(OTCBB: CVDT), Mr. Kaili Kan, recently published an article about the possible
restructuring of China's telecom industry on www.sina.com.cn. Mr. Kan, a
professor at Beijing University of Posts and Telecommunications, is also a
director of China's Information Industry Policy and Development Institute and
Commissioner of the Advisory Commission for China's Telecommunications Act. He
formerly served as a strategy consultant on telecommunications policies and
development at the World Bank. Professor Kan earned a doctorate degree from
Stanford University.
Based on his article, Mr. Kan believes that the most important issues facing
the
China telecom industry are:
* Understanding the best methods to leverage the enormous productivity
created by
modern telecom technology (such as VoIP)
* Wrestling control of industry policies from special interests groups in
order to implement fair policies
* Changing the telecom carriers' traditional operating model
Mr. Kan also believes that as telecom services move towards the Internet
Protocol
(IP) based model, telecom carriers will eventually lose control of their
networks, and become merely "transparent pipeline" providers.
Mr. Kan pointed out in his article that the evolution of China's telecom
industry
is inevitable. VoIP technology and services should continue to expand
throughout the country, although at a slow pace, as policy makers are still
trying to protect the profitability of large state-owned enterprises. CVDT
continues
to push forward with new products and services and is planning to enter the
international market.
Chief Executive Officer, LI Kunwu, commented, "Mr. Kan is an authoritative
leader in
the telecom industry. With his ongoing efforts to accelerate the pace of
development of the China telecom industry, we are fortunate to have him as a
member of the board of directors at Yinquan."
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers Voice over the Internet Protocol
telecommunications services 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 actively 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.
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 The People's Republic of China, 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.
Distributed by Filing Services Canada and retransmitted by Marketwire
Yinquan Investor Contacts:
Michelle Wong
Tel: 531-8702-7114
E-mail: Email Contact
Great Wall Research LLC
John Armstrong
Tel: 203-536-1928
E-mail: Email Contact
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