SOURCE: China VoIP & Digital Telecom Inc.

October 22, 2007 11:15 ET

Geely VoIP Project by China VoIP & Digital Telecom Inc. Subsidiary in Smooth Construction

Jinan Yinquan Technology Co., Ltd Has Completed 70% Construction

JINAN, CHINA--(Marketwire - October 22, 2007) - October 22, 2007 - China VoIP & Digital Telecom Inc. (OTCBB: CVDT)

Jinan Yinquan Technology Co. Ltd, the wholly subsidiary of China VoIP & Digital Telecom Inc., today announced that 70% of the VoIP project for Zhejiang Geely Group, a Hangzhou-China-based auto manufacturer, has been accomplished. The project agreement was signed by both parties on September 11, and Yinquan is helping Geely to build its own VoIP communication networks for free in-network communications.

Currently, the project is in smooth construction, and expected to be established at the end of this November.

After the project completed, the Company will introduce it as one of the most important successful cases to other enterprises, which will bring the Company both significant social and economic benefits.

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 transmissions. 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, with more than 200 selling service sites abroad. Its total assets are approximately 10.5 billion RMB.

More information can be found at

Safe Harbor Statement

Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

Contact Information