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China VoIP & Digital Telecom
Inc. Introduces Revolutionary WiFi VoIP For Cellular Devices
Other topics: VoIP
Rates, Triple Play Services
Business Wire
January 17, 2007
Henderson, Nev. - Jinan Yinquan
Technology Co., Ltd. - a wholly owned subsidiary of China VoIP and
Digital Telecom Inc. (OTCBB:CVDT) - today introduced to cellular
subscribers the added ability to make calls using Voice over Internet
Protocol (VoIP), connecting via any available wireless fidelity (WiFi)
network.
The new service will mean subscribers can save money on long distance
calls using VoIP. In addition, callers using the WiFI/VoIP service
will not pay roaming charges outside their home area. |
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"Our WiFi/VoIP cell
phone supports dual SIM cards," said Li Kunwu, President and CEO of
China VoIP & Digital Telecom Inc. "One is for the VoIP number, the
other is for the common GSM/CDMA cell phone network."
In addition to savings on roaming fees, Mr. Li added, "Calls between
WiFi/VoIP cell phones are free of charge. So users may save up to 80
percent on their long distance call fees while enjoying the same
mobility and portability convenience of regular cell phones."
WiFi is a short distance wireless networking technology often used in
offices, cafes and homes. Its most common use is for connecting laptop
computers to the Internet. VoIP is the routing of voice conversations
over the Internet or through any other IP-based network. The WiFi/VoIP
cell phone has a wide range of applications for business and personal
use.
The new service will launch in April in Shandong Province. It
leverages Jinan Yinquan's proprietary NP Soft Switch IP telephone
system. Jinan will introduce the new service first to select
enterprises and government organizations. In addition, as WiFi
networks expand in China, Jinan expects to roll out its WiFi/VoIP
service to the rest of the country.
Jinan Yinquan currently services three provinces and 19 cities with
Shandong Province its primary base of operations. Plans call for
expansion throughout China.
"We want every Jinan Yinquan VoIP subscriber to understand that we
will continually be adding new state-of-the-art products and
services," said Mr. Li. "Once someone becomes a subscriber, they will
never need to seek out another telephone provider. Jinan Yinquan will
be their one stop for all of their telecom needs, whether for business
or personal use."
Jinan Yinquan recently announced a new electronic fax system for
enterprise business customers in partnership with China Tie Tong.
Available across Shandong Province, the electronic fax service is an
Internet-based fax solution that will enable enterprise businesses to
send and receive faxes using existing email accounts. Unlike
traditional faxing, electronic faxing is convenient, cost-effective,
secure, integrated and automated.
China Tie Tong is one of the six largest basic telecom operators in
China. The company, which has 31 provincial branches and 316 municipal
branches, employs approximately 72,000 people. Its high-speed backbone
optical transmission network consists of five fiber loops covering
most of the cities in China's 31 provinces and a distance of 52,000
kilometers. From 2001 to 2005 annual revenues have grown by 30 percent
while fixed-line subscribers increased from 1.35 million to 16.4
million. By the end of 2005 the company had 2 million Internet
subscribers and assets of 53.3 billion RMB. (For more information
please visit www.chinatietong.com)
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers Voice over Internet Protocol
service 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 stage of other information technology
products. The Company currently has 30 employees and is located in the
Shandong Province, People's Republic of China.
More information can be found at www.chinavoip-telecom.com. In
addition, information on the Company and its wholly owned subsidiary
can be found in the Company's 8K filing of November 13, 2006 on the
Securities and Exchange Commission official website at www.sec.gov.
Notice Regarding Forward Looking Statements
Statements regarding the Company's business which are not historical
facts are "forward-looking statements" that involve risks and
uncertainties that could cause actual results to differ materially
from the potential results discussed in the forward-looking
statements. Forward looking statements in this press release include
that the new service will mean subscribers can save money on long
distance calls using VoIP.; that our WiFi/VoIP cell phone supports
dual SIM cards; that so users may save up to 80 percent on their long
distance call fees while enjoying the same mobility and portability
convenience of regular cell phones; that the new service will launch
in April in Shandong Province; and that once someone becomes a
subscriber, they will never need to seek out another telephone
provider. Jinan Yinquan will be their one stop for all of their
telecom needs, whether for business or personal use Actual results may
differ materially from those currently anticipated due to a number of
factors as we may find that our products must compete with cheaper or
better products; we may not be able to retain key employees; a bigger
market may not develop for our products and we may not be able to
continue to attract new customers; we may face litigation if our
technology fails to work when required; our intellectual property may
be attacked and defeated in court proceedings; our patent filings may
be rejected by the patent offices; other companies may discover and
develop better or cheaper technologies that would render our products
obsolete; we may not have sufficient funding to further develop and/or
market our technology; and we may face regulatory issues in trying to
expand throughout China. There are also country risks associated with
investing in China, including currency fluctuation, repatriation of
capital, and potential regulatory hurdles. Readers are directed to the
China VoIP & Digital Telecom Inc. reports as filed with the U.S.
Securities and Exchange Commission from time to time, including but
not limited to its 8-K filed November 13, 2006 under our prior name
Crawford Lake Mining Inc. which outlined the company's current
business for further information and factors that may affect China
VoIP & Digital Telecom Inc.'s business and results of operations.
China VoIP & Digital Telecom Inc. undertakes no obligations to
publicly update any forward-looking statements to reflect future
events or circumstances. |
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