SOURCE: China Voice

December 26, 2006 08:00 ET

China Voice Holding Corp. Announces Second VoIP and Office Automation Services Contract With Chinese Government -- Annual Revenue of Two Contracts to Exceed $30 Million

DALLAS, TX -- (MARKET WIRE) -- December 26, 2006 -- China Voice Holding Corp. (CHVC) (PINKSHEETS: CHVC), a provider of Voice over Internet Protocol (VoIP), Office Automation and Wireless solutions for government, businesses and consumers in the People's Republic of China and the United States, announced today that it was in the final stages of completing the initial contract phase to provide its integrated Internet Telephony and patented groupware and Office Automation solution to the Chinese Leading Group Office of the Poverty Alleviation and Development Agency. The integrated voice and data solution is provided by one of the CHVC's Chinese subsidiaries, Candidsoft Technologies Company Ltd. of Beijing, Inc. This agreement combined with the Company's previously announced agreement with the Navigation Affair Administration Bureau of the GuangXi Autonomous Region calls for the Company to install a minimum of 85,000 seats. Upon installation, the Company projects that the revenue from these two contracts will exceed over thirty million dollars annually.

Candidsoft is an international software company based in the Zhong-Guan-Cun Science and Technology Park in Beijing, China. Candidsoft is able to utilize local expertise to research, develop, and establish information and communication platforms for business and government applications. The Company uses "OA" as the product trademark and separates products into 3 general categories: OA Cooperative Office Solutions, OA Integrated Office Solutions, and OA Unified Processing Solutions. Candidsoft provides office automation and integration services to government, academic and commercial customers. The Company developed China's first patented groupware, which can be easily modified to meet the specific needs of its customers. The Candidsoft platform uses a web-based technology to allow multiple workers to collaborate on a single project. Candidsoft's patented groupware has many features specifically designed for the Chinese market which competitive products from the U.S. require additional development to match. The Company has established long-term relationships with numerous government and academic customers, such as China Foreign Trade Commission, China Telecommunication Administration Bureau, China Tourism Bureau, Beijing Normal University, and Zhong Shan University, as well as a number of privately owned businesses.

Mr. Chun Lin Xing, Founder and CEO of Candidsoft Technologies Company Ltd. of Beijing, Inc., said, "Now that we have been successful during our initial testing and evaluation phases we are aggressively moving forward to deploy our unique integrated solution to these government agencies. During the last few months we have been working with and evaluating various telecommunications companies to subcontract specific labor and capital intensive elements of our Chinese Government contracts. We now have all of the necessary elements in place to deploy, manage and support these government contracts."

CHVC's President and CEO Bill Burbank said, "We are very pleased to have passed the testing phase and at the same time identified and chosen the strategic partners to support these contracts. This proven model will be utilized to secure the additional government business that we have been offered."

Information on China's Poverty Alleviation and Development Agency may be found at

About China Voice Holding Corporation:

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 Voice Over Internet Protocol ("VOIP") telephone services, office automation, wireless broadband, unified messaging, hosted groupware and communications, 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 in the world, with 730 million fixed land line and mobile phone subscribers as of November of 2005. It is also the fastest growing market in the world, with 197 million subscribers added over the past two years. CHVC's focus is on providing innovative telecommunication applications and solutions to customers. CHVC plans to grow its customer base in China and other parts of the world through marketing and sales efforts as well as acquiring and merging with synergistic companies. 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 website. Additional information may be found at

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.

Contact Information

  • Contact:
    Investor Relations:
    Jack Eversull
    The Eversull Group, Inc.
    972-991-7359 (fax)
    Email Contact