China VoIP & Digital Telecom's IBCC Platform Receives Government Grants

JINAN, China, Sept. 22 /PRNewswire-Asia-FirstCall/ -- Jinan Yinquan Technology Co., Ltd., one of the wholly owned subsidiaries of China VoIP & Digital Telecom (OTC Bulletin Board: CVDT) today announced that its International Business Communication Center (IBCC) platform received a total of RMB 2 million of grants from the Shandong Development and Reform Commission and the Shandong Ministry of Finance.

The IBCC platform, developed by Yinquan Technology, is one of the key service projects in Shandong supported by different government agencies. The grants are slated to fund further business development to enhance the communication platform.

Mr. Li Kunwu, Chairman and CEO of CVDT, is very pleased about the substantial government support. He said, "The grants we received from the Shandong Development and Reform Commission and the Ministry of Finance, reflect the governments' recognition of our hard work, as well as support for Yinquan's technology business. We plan to use the fund to make targeted improvements to the IBCC. This will help to expand the company's operations, promote our overall operating efficiency and improve sales growth going forward."

About China VoIP & Digital Telecom Inc.

China VoIP & Digital Telecom Inc. offers virtualization technology application in the People's Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd and Beijing PowerUnique Technologies, Co., Ltd. Through the two subsidiaries, China VoIP & Digital Telecom is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its integral virtualization solutions and services in China and at this time is in the testing stages of other Information Technology products. More information can be found at http://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. Millions of people around the world use virtualization to save time, money and energy while achieving more with the computer hardware they already own.

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.

    For more information please contact

    CVDT Investor Contacts:
     Michelle Wong
     Tel:   +86-531-5558-5742
     Email: [email protected]

    Great Wall Research LLC
     Dina Ding
     Tel:   +1-203-252-7266
     Email: [email protected]

SOURCE China VoIP & Digital Telecom Inc.

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