StockTalkJournal: Who is China Voice?
CVC International, Inc. Subsidiary Projects Revenues To Reach Over $8 Million Annually
BOCA RATON, Fla.–China Voice Holding Corporation, announced today that its U.S. Subsidiary, CVC International, Inc. (CVC) has acquired the assets of a Dallas, Texas-based VoIP telecommunications carrier. The acquisition doubles the size of the Company’s network infrastructure as well as its customer base and also provides new profitable international routes for CVC’s wholesale termination business.
Jose Ferrer, CHVC’s Chief Operating Officer, said, “Since CVC was established, it has grown organically in a safe and controlled manner. This acquisition is the perfect vehicle to take us to the next level without leveraging or unnecessarily exposing the Company’s resources. We are very excited about integrating our newly acquired Nextone switch, proprietary billing and system automation technology and other carrier grade equipment into our existing network architecture as it will automate many functions and make our operations even more efficient. As previously reported, CVC’s sales were projected to exceed $3,500,000 annually; however, with the new customer base and additional products, we expect our sales to exceed $8,000,000 during the next 12 months. In addition, with the new routes that CVC has acquired, we expect this already profitable subsidiary to improve its margins as well.”
CVC International, Inc is a Florida-based, international provider of VoIP telecommunications services to CLEC’s, ISPs, IXC’s, PTT’s, Cable companies, large Call Contact Centers and other communication Service Providers. CVC International’s focus is to provide high quality and large volume international routes at great prices to its customers. The Company utilizes a next generation Enhanced Services platform and Network Operations Centers (NOC) which are manned 24/7. Fully redundant technologies are deployed in a scalable network environment to enable the Company to compete effectively and efficiently in the ever-evolving and rapidly growing IP telecommunications marketplace.
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. 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, at which time it will apply for a listing on the NASDAQ or the AMEX; and is on schedule to complete these filings in early 2008. 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.
Contact:
China Voice Investor Contact:
The Eversull Group, Inc.
Jack Eversull, 972-378-7917
972-378-7981 (fax)
jack@theeversullgroup.com
ir@chvcmail.com
Source: China Voice Holding Corporation
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