In December, 2007, participating with major world players, CHVC Chairman Hin Hiong Khoo, spoke at the China Access 2008 international economic ‘legacy’ program for the Beijing 2008 Olympic Games. Attending the following 11th Annual BusinessWeek CEO Forum in Beijing, Chairman Khooa pointed out that the forum exposed CHVC to “many new and promising opportunities.” He said, “American companies that once thought of China as only one of many market opportunities now realize they must operate in China. We recognized that in order to have a high probability of success and to take advantage of the huge Chinese market, we needed to build an infrastructure within China managed by Chinese nationals. Over the last four years, we have built a solid team both in the U.S. and China, patented technology, cemented strong relationships and partnerships in the right places, and obtained sizable contracts with both Government and large corporations.”
CHVC’s Chief Financial Officer, Ron Allen, has recently announced it has hired Tony Chen as the Company’s Corporate Controller. Mr. Chen brings to CHVC a wealth of accounting and financial experience having held senior accounting and financial management positions in private and public companies both in China and the United States. He will coordinated the completion of CHVC’s financial audits and help guide the Company to become a Full Reporting Company preliminary to a listing on NASDAQ or the AMEX.
The ‘Rise of China’ – which since 2001 accounts for fully one-third of the world’s economic growth – is one of the most important economic trends of our time. Making successful international investments is not just a matter of identifying business opportunities. CHVC pursues its China investments within true peer-to-peer corporate environments and industry networks that are based on reciprocity, evolving trust and partnerships. CHVC’s U.S. based public company provides a vehicle for Chinese businesses to become participants in America’s economy and free enterprise system.
Contract with China’s Second Largest TELECOM
China Netcom is the first major Chinese carrier to strategically align inself with CHVC. Last year’s Signed Agreements, in November, between CHVC and China Netcom (NY: CNC), China’s 2nd largest Telecommunications Carrier, provide China Netcom with CHVC preferential rates and cooperation, giving CHVC unique and solid presence in China’s broad economic picture. Under the Agreement China Netcom allows an an initial $6.5 Million budget for Software Licenses of the CVHC “SKY O/A™ voice” and data solution proprietary package. Servicing every Province in China, China Netcom is China’s number two broadband communications and fixed-line telecommunications operator. CNC employs over 140,000 people, trades on the New York and Hong Kong Stock Exchanges and has annual revenues approaching $11.5 billion.
CHVC Signs Contract Valued in Excess of $40 Million in Annual Revenue
Buttressing its China revenue stream are the recently acquired contracts by CHVC’s U.S. network of subsidiaries, lead by CHVC’s wholly owned U.S. subsidiary, StarCom Alliance Inc, serving as a cacophony over three major cellular wireless firms located in California. StarCom is a Master Distributor of prepaid and postpaid cellular/wireless products, discount prepaid calling cards and other telephony related products and services that enable users to call anywhere in the world at significant savings. In January, StarCom signed an Exclusive Supplier Agreement with Power Prepaid Phone Card Distribution (Power Distribution), a distributor of prepaid cellular products, located in Fullerton, California.
CHVC’s President and CEO Bill Burbank explained, “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.”
Burbank continued, “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.”
Through its U.S. Subsidiaries, CHVC maintains a world-class Fulfillment and Supply Chain environment providing this important function to the Company’s Chinese subsidiaries and Asian partners. This environment also provides centralized, cost-effective and efficient warehousing, shipping, receiving and fulfillment for all U.S. operations.
China Voice Holding Corp. delivers a portfolio of next-generation communications products and services doing business in the People’s Republic of China and the United States. CHVC has obtained full legal status as a licensed telecommunications company with the ability to offer its products throughout China. CHVC stands behind its development of SKY O/A™, China’s first patented proprietary groupware application platform, with over 100 million users from individuals to government and industry. With an aggressive growth and marketing strategy, CHVC has built an astounding record of multiple service contracts among large government and industry entities including China Netcom, China’s second largest telecommunications company. In the U.S. CHVC has solidified a $40 million contract to expand and distribute its cellular/wireless products and is looking forward to boosting its U.S. revenues to over $100 million in 2008.
Headquartered in South Florida, CHVC operates through several subsidiary companies located in the United States and China. The Company offers voice over Internet protocol (VoIP) and other telecommunication services, office automation, wireless broadband, unified messaging, hosted groupware, mobile and other advanced voice and data services. CHVC provides these next generation communication services in profitable niche markets in China and worldwide. The company’s services are designed to produce recurring revenues from activation, monthly subscription and utilization fees. The Company’s United States operations provide the infrastructure to support the marketing, sale and fulfillment of Asian communication products and services in the United States. In turn, its Chinese subsidiaries provide a vehicle to distribute and deploy United States telecommunication, wireless and next generation technology products within Asia.
The Chinese telecommunications market is the largest and fastest growing in the world, with 812 million fixed land line and mobile phone subscribers as of September, 2006. As of December 2006, China had 137 million Internet users, an increase of 23% over 2005. China services the world’s largest SMS “Text Messaging” and Cable TV markets and is expected to overtake the United States as the country with the largest number of Internet users in approximately two years. CVHC leverages solid collaborations and strong relationships with state-owned Telco’s. The company’s focus is on providing innovative Next Generation telecommunication applications and solutions to all its customers by growing its customer base in China and other parts of the world through aggressive marketing and sales efforts as well as acquiring and merging with synergistic companies.