Business Services Industry
China Voice Holding Corp. Wins Contract for Command Center Monitoring and Video Conferencing System from Beijing Municipal Water Bureau
Business Wire, Sept 11, 2007
BOCA RATON, Fla. -- China Voice Holding Corporation (CHVC) (OTC:CHVC), a provider of Voice over Internet Protocol (VoIP) communications, 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 its Chinese Subsidiary, Beijing Techview System Engineering Co. LTD (BTSE) has been awarded a contract to provide a Command Center monitoring and video conferencing system for Beijing Municipal Water Bureau. The estimated value of the Contract is between $600,000 and $750,000.
The Beijing Municipal Water Bureau manages all local water resources in Beijing City which include surface water, ground water and aerial water. The bureau has authority over allocation arrangements of water resources and oversees the implementation of development strategies, water-related local administrative regulations and statutes. Other management responsibilities include local drainage, sewage treatment and the utilization of renewed water, monitor drainage water quality, implementation of the licensing system, maintenance of related facilities and the collection and use of sewage treatment fees. The Beijing Municipal Water Bureau also organizes and coordinates capital construction of farmland water conservancy, manages local soil and water conservation and performs the supervision and law enforcement of water-related administrative work and water-related disputes between different departments, districts and counties.
CHVC's President and CEO Bill Burbank said, "The Beijing Municipal Water Bureau contract is significant in the light of its function to a highly important agency. This is one of many BTSE installations that we will be announcing over the coming weeks and again confirms the Company's momentum and standing as a valued and trusted Service Provider of next generation technologies in highly sensitive and secure environments."
Beijing Techview System Engineering Co. LTD (BTSE) is a Value-Added Reseller and Systems Integrator that specializes in network design and installation, integrated wiring construction, and network equipment, with its primary focus on providing large video conferencing solutions. The Company's projects include computer and telecommunications network construction, intelligent building construction, product development, network product sales, technical consulting, and information services. In Beijing, the Company is a high level authorized dealer for Cisco Systems, HuiWei, 3Com, Polycom Video products, NEC Monitors and many other IT products. BTSE has built a diligent, experienced and well trained team -- many of which are Cisco certified CCNP and CCIE engineers. Some of the Company's customers include: Ning Xia Population Control Bureau, Chong Wen Education Administration, Xing Jiang Military Division, He Bei Province Economic Development Bureau, Qin Zhong Merchant Bank, Chang Sha Navigation Affair Administration Bureau, Jiang Xi Province Education Administration, Qing Dao Hospital, Qing Dao City Navigation Affair Administration Bureau, China Cotton Network, Beijing Engine Manufacturer, Beijing Language School, and the Shang Xi Province School of Chemical Engineering.
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, 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 and large enterprises 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 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.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.
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