CHVC Successfully Completes Integration and Testing Phase with VoIP Telephony Hardware Partner to Support the Company's Chinese Government Contracts
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Projected to be Worth in Excess of $35 Million Annually
Boca Raton, Florida - Ocober 29, 2007 - China Voice Holding Corporation (CHVC) (OTC:CHVC-News) announced today that their China subsidiary, Beijing CandidSoft Technology Co. Ltd. (CandidSoft), has completed the integration and testing phase with InterEdge Technologies, LLC, the Company's VoIP Telephony hardware provider for its Chinese Government Contracts.
InterEdge Technologies, LLC signed an agreement in July as CandidSoft's exclusive supplier for their Intelligent Telephone Adapters (ITA), Intelligent Multimedia Devices (IMD) and IP Telephones for the Company's current and future Chinese Government Contracts. The agreement calls for InterEdge Technologies, LLC with offices in Clearwater, Florida, and Penang, Malaysia to supply all telephony hardware with the exception of computer server equipment. As previously announced, the Company has chosen Dell Computers as their supplier for servers. CandidSoft's current Government Contracts call for 103,000 seats to be installed. Upon installation of these seats, the Company projects $35 Million in annual revenue for these contracts alone.
CHVC's President and CEO Bill Burbank, said, "During the next two weeks, InterEdge is deploying personnel to the North Sea as their first deployment of ITAs for GuangXi Harbor Master outside of the Harbor Master headquarters in NanNing. We have also received notice from InterEdge that a significant number of additional units have been shipped for other Government locations from their plant in Malaysia."
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.
InterEdge Technologies, LLC specializes in the R&D and supply of embedded telecommunication "Smart Edge Devices" that provide the interface between end-users and data networks. These devices provide telephone service providers the ability to reach users in dial-up or broadband environments. InterEdge's ITAs, IMDs and IP Telephones are cost effective, easy to deploy, effortless to maintain, and simple to use. InterEdge's products facilitate telecommunication companies to provide a total solution of voice, video, and data at a low cost and a very short time to market. Information on InterEdge Technologies may be found at www.inter-edge.com.
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 a Form 10 with the Securities & Exchange Commission ("SEC") to become a full-reporting company during 2007 at which time it plans to apply for a listing on the NASDAQ 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. Additional information may be found at chvc.com.
