CHVC Awarded Contract for Its Patented Sky O/A(TM) Office Automation System from One of China's Top Logistics Companies
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Boca Raton, Florida - Ocober 31, 2007 - China Voice Holding Corporation (CHVC) announced today that their China subsidiary, Beijing CandidSoft Technology Co. Ltd., has been awarded an initial contract with an estimated value of $300,000 by GuangXi ChaoDa Group ("ChaoDa"). ChaoDa is recognized as a member of the Chinese Service Industry 500, the Chinese Transportation 100, the Chinese Land Transportation 100 and the GuangXi Enterprise 50 Companies.
ChaoDa is headquartered at Nanning, China, the capital of the GuangXi Autonomous Region. It is the only enterprise in GuangXi awarded the National Class One license in both Freight and Passenger Transportation. The Company holds ISO9001:2000 Certification and International Freight Carrier status granted by the Ministry of Foreign Trade. ChaoDa delivers services in passenger carriage and logistics and has fixed assets of more than one billion RMB (1,000,000,000.) ChaoDa operates through over 60 subsidiaries and logistic hubs. The Company operates two first-level freight terminals and three second-level freight terminals with a combined fleet of over 3000 specialized carrier vehicles including general trucks, containers, dangerous material transportation vehicles, urban delivery vehicles, trailer tractors and prime movers. ChaoDa provides services throughout the country via branch offices scattered across the nation. More information on Chaoda may be found at www.gxcd.com.cn.
CHVC's President of China Operations, Chun Lin Xing said, "With ChaoDa's mission to maintain its rapid growth and goal in being recognized as China's flagship logistics leader, Sky O/A is a perfect fit. Our solution will immediately automate common office functions and greatly enhance all corporate communications services. Sky O/A will also help ChaoDa to tie together and manage its distribution information management system, freight terminal management system and a GPS-based freight/passenger transport monitoring systems."
About the Companies:
CandidSoft is an international software company based in the Zhong-Guan-Cun Science and Technology Park in Beijing, China. CandidSoft has used local expertise to research, develop, and establish information and communication platforms for business and government applications. CandidSoft uses "SKY O/A" as the product trademark and separates products into three general categories: O/A Cooperative Office Solutions, O/A Integrated Office Solutions, and O/A Unified Processing Solutions. The Company provides office automation and integration services to government, academic and commercial customers and has developed China's first patented Office Automation application, in large part guided by the needs of Chinese Government Agencies. This platform was designed for flexibility and may be easily modified or extended to meet the specific needs of each Chinese Government Agency or Large Enterprise Company. SKY O/A(TM) uses a web-based technology and allows multiple workers to collaborate on a single project. The SKY O/A(TM) Office Automation platform currently supports over one million users within China.
China Voice Holding Corp. ("CHVC") is a U.S. public holding company headquartered in South Florida with a portfolio of next-generation communications products and services doing business in the People's Republic of China and the U.S. Through its subsidiaries, the Company provides Voice over Internet Protocol ("VoIP") telephone services, office automation, wireless broadband, unified messaging, video conferencing and other advanced voice and data services in the U.S. and in China where the Company has obtained full legal status as a licensed telecommunications company. The Chinese telecommunications market is the largest and fastest growing in the world, with 812 million fixed land line and mobile phone subscribers as of September, 2006. As of December 2006, China had 137 million Internet users, an increase of 23% over 2005. China is expected to overtake the United States as the country with the largest number of Internet users in approximately two years. CHVC's primary focus is on providing its innovative and patented voice and data solutions to government agencies in China. China Voice Holding Corp. trades Over-the-Counter and is listed in the Pink Sheets under the symbol "CHVC". Upon obtaining audits of prior fiscal years, the Company plans to file with the Securities & Exchange Commission ("SEC") to become a full-reporting company in 2008 at which time it intends to apply for a listing on the NASDAQ or the AMEX. 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. Additional information may be found at chvc.com.
