China VoIP & Digital Telecom Virtualization Project Endorsed by Governmental Fund

JINAN, China--(BUSINESS WIRE)--Jinan Yinquan Technology, the wholly owned subsidiary of China VoIP & Digital Telecom (CVDT.OB) today announced that its data center virtualization technology project has received 500,000 yuan from Shandong Economic and Information Technology Committee.

The government established the fund to award outstanding energy-saving industrial technology projects in Shandong Province in 2009.

Mr. Li Kunwu, Chairman and CEO of CVDT, pleased with the government’s recognition, said, “The virtualization technology solution provided by Yinquan is in full compliance with the conservation-oriented society and Green IT concepts advocated by the country. Yinquan maintains a leading position in virtualization technology, and the government’s endorsement will accelerate our expansion in the virtualization market in 2009. Also, with the government‘s support, industrializing virtualization in China will be expedited. I believe Yinquan should have bright growth prospects in virtualization.”

About China VoIP & Digital Telecom Inc.

China VoIP & Digital Telecom Inc. offers Voice Over the Internet Protocol (VOIP) telecommunications services together with the virtualization technology application 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 stages of other Information Technology products. More information can be found at www.chinavoip-telecom.com.

About Virtualization Technology

Virtualization is a proven software technology that is rapidly transforming the IT landscape and fundamentally changing the way people compute.

Today’s powerful x86 computer hardware was originally designed to run only a single operating system and a single application, but virtualization breaks that boundary, making it possible to run multiple operating systems and multiple applications on the same computer at the same time, increasing the utilization and flexibility of hardware.

Virtualization is a technology that can benefit anyone who uses a computer, from IT professionals and Mac enthusiasts to commercial businesses and government organizations. Join the millions of people around the world who use virtualization to save time, money and energy while achieving more with the computer hardware they already own.

Yinquan Investor:
Michelle Wong, +86-531-8702-7114
michellewong@yinquan.cn
or
Great Wall Research LLC
John Armstrong, +1-203-536-1928
jarmstrong@greatwallresearch.com