Business Services Industry
China Voice Holding Corp. Takes Stance against Anonymous Spam E-Mails
Business Wire, May 10, 2007
DALLAS -- China Voice Holding Corp. (CHVC) (OTC:CHVC), today announced concern regarding anonymous spam e-mails that have been sent over the past several weeks promoting the Company's stock. China Voice has been unable to determine the source of this spam but is continuing its investigation. The Company feels that these spam e-mails have caused CHVC's stock to erode from around $1.10/per share to currently $.56/per share due to spam e-mails being viewed negatively by market makers, institutional investors and individuals.
Ron Allen, China Voice's CFO said, "The Company's market cap has been impacted severely as a result of this activity. Our policy is to communicate CHVC's performance through press releases, not spam. The Company will continue to investigate this matter until spam activities cease, and in the meantime, we encourage investors to ignore all spam e-mail. We will also continue to inform the public of the ongoing performance and operations of CHVC through periodic press releases and quarterly updates posted on the pinksheets website."
China Voice Holding Corp. ("CHVC") is a U.S. public holding company headquartered in Dallas, Texas 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 Internet Telephony, office automation, wireless broadband, unified messaging, hosted groupware, mobility services and other advanced voice and data services 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 of 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 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 in 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.ChinaVoiceCorp.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.
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