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China VoIP & Digital Telecom Inc. Subsidiary Signs Cooperation Contract with Qilu Software Park to Establish Jointly a Virtualization Technology Lab
Sep 29, 2008 (08:09 AM EDT)


JINAN, China, Sept. 29 /Xinhua-PRNewswire-FirstCall/ -- Jinan Yinquan Technology Co. Ltd, the wholly owned subsidiary of China VoIP & Digital Telecom Inc. , today announced that it has signed a contract to establish jointly a Virtualization Technology Lab (the Lab) with Qilu Software Park Development Center.

The purpose of the Lab will be: -- To introduce the world's leading virtualization technology -- To help enterprises adopt virtualization technology and accelerate its development -- To improve the exchange of technology in the international arena and offer a virtualization technology platform for foreign experts -- To provide virtualization technology training courses for enterprises in order to meet their need for trained personnel -- To provide enterprises with advanced virtualization solutions -- To undertake relevant research projects recommended by the State, province and/or city -- To establish a public research platform on virtualization technology in Shandong Province

The Lab, expected to open in late October, will be located in the Qilu Software Park with all required professional, technical and management support. Once established, the Lab will be the first virtualization technology laboratory in China, and it will be the leading facility in the virtualization technology field. Enterprises in the Qilu Software Park will be the first clients of the Lab.

About Virtualization Technology

Virtualization is a proven software technology that is rapidly transforming the IT landscape and fundamentally changing the way that people compute. Today's computer hardware was originally designed to run only a single operating system and a single application, but virtualization breaks that bond, 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.

About Qilu Software Park

Qilu Software Park, the high-tech zone established in November 1995, was recognized as the first national "State Torch Program Software Industrial Base" in March 1997 by the Ministry of Science and Technology. In July 2001, it was recognized as the "national software industrial base" by the State Development Planning Commission and Ministry of Information Industry. Currently, there are 550 enterprises in Qilu Software Park, and it is highly ranked in terms of production among the national software industrial bases, and it has been an important base for the software and communication industry in Shandong Province and Eastern China Area.

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 currently 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 http://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.

For more information, please contact: Yinquan Investor Contacts: Michelle Wong Tel: +86-531-8702-7114 Email: michellewong@yinquan.cn Great Wall Research LLC John Armstrong Tel: +1-203-536-1928 Email: jarmstrong@greatwallresearch.com

CONTACT: Yinquan Investor Contact: Michelle Wong, +86-531-8702-7114, or jarmstrong@greatwallresearch.commichellewong@yinquan; Or John Armstrong of Great Wall Research LLC, +1-203-536-1928, or

Web site: http://www.chinavoip-telecom.com/