Business Services Industry

China Voice Holding Corp. Announces Fifth Chinese Government Contract; Company Expects Additional Contracts

Business Wire, August 1, 2007

$200M Chinese Annual Revenue Target On Track

BOCA RATON, Fla. -- China Voice Holding Corp. (OTC:CHVC), a provider of Internet Telephony, Office Automation, Video Conferencing and Wireless Solutions for government, businesses and consumers in the United States and the People's Republic of China, announced today that it had signed an agreement with Guang Xi Land Transport Bureau for deployment of its patented SKY OA[TM] Office Automation Application. SKY OA[TM], from CHVC's China subsidiary, Beijing CandidSoft Technology Co. Ltd., will be used for the management of Driver Training and Licensing throughout the Autonomous Region Province. The Office Automation platform's modules are customized for data collection from every City and County within the Province with integrated management and secure access of information for each department.

CHVC's President and CEO Bill Burbank said, "This region's agency is much like the Department of Transportation in the United States, serving a population of 44 million. The initial phase, our browser based office automation application, is to be installed before the end of this year, with a second phase, integration of telephony services, beginning in December. This contract combined with others to come will help us reach our annual Chinese Operations revenue target of $200M sooner rather than later. Our continued success with the Chinese Government confirms that we are delivering a solid next generation solution that saves them money and makes their employees more efficient."

CandidSoft CEO and CHVC President of Asian Operations Xing Chunlin commented, "We are very pleased to have added yet another large agency to our growing list of government customers. During the coming weeks we will be announcing many additional contracts for our SKY OA[TM] integrated voice and data solution as well as additional large scale security and video conferencing installations to support the 2008 Olympic Games in Beijing through another CHVC subsidiary, Beijing Techview System Engineering Inc., Ltd."

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 OA" as the product trademark and separates products into three general categories: OA Cooperative Office Solutions, OA Integrated Office Solutions, and OA 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 to be very flexible and may be easily modified or extended to meet the specific needs of each Chinese Government Agency. SKY OA[TM] uses a web-based technology and allows multiple workers to collaborate on a single project. The SKY OA[TM] Office Automation platform currently supports over one million users within China.

Information on China's Guang Xi Land Transport Bureau may be found at http://www.gxdoc.gov.cn/

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 will apply for a listing on the NASDAQ Small Cap Market 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 www.chvc.com.

Forward-Looking Statements

The foregoing, including any discussion regarding the Company's future prospects, contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to risks and uncertainties associated with economic conditions in the telecommunications industry, particularly in the principal industry sectors served by the Company; risks and uncertainties inherent in the operation of businesses outside the United States; changes in customer requirements and in the volume of sales to principal customers; the ability of the Company to assimilate acquired businesses and to achieve the anticipated benefits of such acquisitions; competition and technological change; and the ability of the Company to control operating costs and maintain satisfactory relationships with existing and potential vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors that may be set forth in the Company's anticipated filings with the Securities and Exchange Commission.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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