SOURCE: China VoIP & Digital Telecom Inc.

August 30, 2007 14:31 ET

China VoIP & Digital Telecom Inc. Subsidiary Awarded VoIP Contract for China-Based Auto Manufacturer

Jinan Yinquan Technology Co., Ltd. Successful Bidder for VoIP Project for Zhejiang Geely Group Ltd.

HENDERSON, NV--(Marketwire - August 30, 2007) - Jinan Yinquan Technology Co., Ltd., a wholly owned subsidiary of China VoIP & Digital Telecom Inc. (OTCBB: CVDT), today announced it was the successful bidder for a VoIP voice system project for Hangzhou-China-based auto manufacturer Zhejiang Geely Group Ltd. Under the concept of "Dedicated to the Network Communication Industry," "Responsible to create wealth for the society;" Jinan Yinquan keeps improving its services, and realizes its social value.

Jinan Yinquan's proprietary NP Soft Switch IP telephone system enables users to access Voice over the Internet Protocol (VoIP) services allowing customers to use the system to make telephone calls to anyone in the world at a much lower cost than standard telephone rates.

The successful cooperation between Jinan Yinquan Technology Co., Ltd. and Zhejiang Geely Group Ltd. has not only affirmed Yinquan's ability to serve large-scale enterprise users, but is also a very important step in the branding and marketing strategy of the Company's VoIP solutions brand.

About China VoIP & Digital Telecom Inc.

China VoIP & Digital Telecom Inc. offers Voice over the Internet Protocol service in the People's Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd. Through Jinan Yinquan, China VoIP is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its NP Soft Switch system in China and is currently in the testing stage of other Information Technology products. The Company currently has 51 employees and is located in the Shandong Province, People's Republic of China.

More information can be found at www.chinavoip-telecom.com.

About Zhejiang Geely Group Ltd.

Zhejiang Geely Group Ltd. is the only private car production enterprises in the top ten Chinese automotive industry. Headquartered in provincial capital Hangzhou of Zhejiang Province, it has four specialized production and manufacturing bases in complete auto production and power assemblies; three of which are in Zhejiang Province (Linhai, Ningbo, Luqiao), one in Shanghai. It currently has an annual output of 200,000 vehicles, 200,000 engines and 200,000 transmission capacities. Zhejiang Geely Group Ltd .now has nine major bases, three universities, nearly 400 4S shops and nearly 600 service stations. The company currently employees more than 8,000 people in China, while more than 200 selling service sites abroad. Its total assets are approximately 10.5 billion RMB.

More information can be found at www.geely.com.

Notice Regarding Forward-Looking Statements

Statements regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. Forward looking statements in this press release include that the Company's proprietary NP Soft Switch IP telephone system enables users to access Voice over the Internet Protocol (VoIP) services allowing customers to use the system to make telephone calls to anyone in the world at a much lower cost than standard telephone rates. Actual results may differ materially from those currently anticipated due to a number of factors as we may find that our products must compete with cheaper or better products; we may not be able to retain key employees; a bigger market may not develop for our products and we may not be able to continue to attract new customers; we may face litigation if our technology fails to work when required; our intellectual property may be attacked and defeated in court proceedings; our patent filings may be rejected by the patent offices; other companies may discover and develop better or cheaper technologies that would render our products obsolete; we may not have sufficient funding to further develop and/or market our technology; and we may face regulatory issues in trying to expand throughout China. There are also country risks associated with investing in China, including currency fluctuation, repatriation of capital, and potential regulatory hurdles. Readers are directed to the China VoIP & Digital Telecom Inc. reports as filed with the U.S. Securities and Exchange Commission from time to time, including but not limited to its 8-K filed November 13, 2006 under our prior name Crawford Lake Mining Inc. which outlined the company's current business for further information and factors that may affect China VoIP & Digital Telecom Inc.'s business and results of operations as well as the Company's form 10-QSB filed on August 15, 2007. China VoIP & Digital Telecom Inc. undertakes no obligations to publicly update any forward-looking statements to reflect future events or circumstances.

Contact Information

  • Contact:

    Peter Nasca
    Peter Nasca Associates, Inc.
    (954) 473-0677
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