China Voice Holding’s wholly owned subsidiary StarCom Alliance, Inc entered into an exclusive distribution agreement with Power Prepaid Phone Card Distribution based out of Fullerton, California. They are a Master Distributer of prepaid cellular cards and products that enable customers to make calls worldwide in a cost efficient manner.
CEO of China Voice Holding Corp. said, “Having completed extensive negotiations with Power Distribution, we are very pleased to have executed this Agreement. Power Distribution is a well-known and respected Company focused solely on prepaid cellular products and is currently purchasing in excess of $25 Million of product annually. We anticipate that with our support infrastructure and financial resources, Power Distribution will purchase more than $40 Million of our StarCom Alliance products in the next 12 months. Prepaid Cellular is among the fastest growing segments of the telecommunications industry targeting a very large credit-challenged population.”
He also added, “We are also in the final stages of negotiating Exclusive Supplier Agreements with three additional companies located in California that are focused primarily on the Prepaid Calling Card business and together generate over $35 Million annually in revenue, which if completed would boost our U.S. revenues to over $100 Million. Our goal is to complete these Agreements by the second quarter of this year. Prepaid cellular and prepaid calling card products will represent a significant percentage of our U.S. revenues and when added to the results of our Chinese subsidiaries will produce continued strong growth in 2008.”
The company continues to shine and shows promise in its US and Chinese markets. With continued growth in both markets, the company is prepared to capture larger portions of its respective telecommunication markets.
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