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/C O R R E C T I O N -- China VoIP & Digital Telecom Inc./
Sep 29, 2010 (10:09 AM EDT)
In the news release, "China VoIP & Digital Telecom Partner with IBM" issued by China VoIP & Digital Telecom Inc. (OCT Bulletin Board: CVDT) on Sept. 27 over PR Newswire Asia, we are advised by the Company that the last sentence of the first paragraph should be disregarded. The full, correct release follows:
China VoIP & Digital Telecom Partner with IBM
JINAN, Shandong, China, Sept. 27 /PRNewswire-Asia-FirstCall/ -- Jinan Yinquan Technology (Yinquan Technology), one of the wholly owned subsidiaries of China VoIP & Digital Telecom (OCT Bulletin Board: CVDT) today announced that the company has become an IBM Gold Distributor.
IBM is the world's largest information technology and business solution provider with leading market shares in servers, storage, services and software businesses in China. As an IBM gold distributor, Yinquan Technology will enjoy a more favorable purchase price, effectively reducing the company's procurement costs and increasing product options for virtualization solutions. As a result, Yinquan expects to enhance its customer services, as well increase the company's profitability. In addition, Yinquan and IBM have reached a common intent to establish a center for new product exploration. The Center will focus on developing cloud computing application testing, and providing training and technical support to local governments, enterprises, universities, and research institutions.
The Center will bring Yinquan closer to the end users, which can effectively improve work efficiency, shorten technology development time and provide customers with higher quality solutions. As a provider of virtualization products and consulting services, Yinquan Technology remains committed to the development of cloud computing solutions and applications. Mr. Li Kunwu, Chairman and CEO of CVDT, said, "It's an honor to be awarded such a massive collaboration with IBM and to become their gold distributor. The new undertaking with IBM is a win-win partnership. The soon-to-be-completed New Product Exploration Center allows us to broaden our product offerings and strengthen our commitment to above-and-beyond customer service. Our partnership with IBM will also promote cloud computing in the marketplace, while creating a new value-added business opportunity for the company."
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: firstname.lastname@example.org Great Wall Research LLC Dina Ding Tel: +1-203-252-7266 Email: email@example.com
SOURCE China VoIP & Digital Telecom Inc.