StockTalkJournal: Who is China Voice?
BOCA RATON, Fla.–China Voice Holding Corp., announced today that its wholly owned U.S. subsidiary, Phone House Inc. has signed an Exclusive Supplier Agreement with Sarah Enterprises Inc., a distributor of prepaid telecommunication products located in Florida.
Phone House is a Master Distributor of prepaid calling cards and other telephony related products and services that enable users to call anywhere in the world at significant savings. Phone House offers a large array of cards that target major ethnic groups. Its products are marketed through an extensive and rapidly expanding national distribution network.
Sarah Enterprises is a regional distributor of prepaid calling cards and related telecommunications products servicing a large customer base throughout Florida and Southern Georgia.
CHVC’s President and CEO Bill Burbank said, “We are very excited to have completed negotiations with Sarah Enterprises, a well known and respected Company that is currently purchasing in excess of $17 Million of product annually. We expect that with our support infrastructure and financial resources, Sarah Enterprises will purchase upwards of $25 Million of our prepaid calling card products during the next 12 months, representing an approximate 40% increase in our U.S. revenues. As the foreign communities in the U.S. continue to grow, they require the ability to call their home countries at competitive rates and this leads to increased demand for the products that Phone House and Sarah Enterprises market.”
Burbank added, “As we continue to complete the Exclusive Supplier Agreements that we have in the works with other quality distributors such as Sarah Enterprises, CHVC is getting within reach of our $100 Million goal in U.S. revenues. These U.S. sales combined with the deployment of our Chinese Government contracts will eventually deliver well balanced revenues for CHVC from both continents. I am very happy with the performance of the team that we have assembled to execute our Business Plan and feel that if the accomplishments that have been achieved thus far in 2008 are any indication of what to expect for the rest of the year, this will be a great year for CHVC and its shareholders.”
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
Fax: 972-378-7981
jack@theeversullgroup.com
ir@chvcmail.com
Source: China Voice Holding Corp.
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