JINAN, China, Oct. 8 /PRNewswire-Asia-FirstCall/ -- Jinan Yinquan Technology Co., Ltd., a wholly owned subsidiary of China VoIP & Digital Telecom (OTC Bulletin Board: CVDT) announced that its systems integrator (SI) signed a contract with Sinopec Shandong Petroleum subsidiary to implement data center virtualization solutions. Sinopec, with revenue of more than $185 billion, was ranked the 7th in the 2009 Global Fortune 500. Sinopec Shandong Petroleum subsidiary plays an important role in Sinopec's overall marketing and strategic networks. With the successful cooperation with the system integrator, CVDT leverages its superior technology, quality service and pricing advantage to obtain this important customer, expanding its market share in the energy industry.
Mr. Li Kunwu, Chairman and CEO of CVDT, commented on the successful cooperation with the SI to win the Sinopec contract. He said, "We're truly excited to work with Sinopec Shandong Petroleum. We are proud to see that Yinquan Technology played a very important role in helping our partner SI to win this contract. We're also very pleased to see our company's virtualization solutions help both our company and our alliance system integrator expand our businesses. These two venues should help us accelerate the pace to grow in the market as well as establish a solid foundation in our future business development. We are confident that together with our SI partners, we will win more projects in the future."
CVDT and its family of companies and system integrators offer the leading technology implementation capacity and competitive pricing strategies available today. Coupled with a complete sales and service network, CVDT is capable of offering the most comprehensive customized virtualization technology and services. In addition, CVDT can also help system integrators implement virtualization solutions.
Mr. Li continued, "The success with the Sinopec Shandong Petroleum bid has provided us with an important foothold inside this very large petrochemical enterprise. We plan to increase our marketing efforts among the Sinopec subsidiaries. This contract demonstrates the excellence of our virtualization technology and our overall service in China."
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers virtualization technology application in the People's Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd and Beijing PowerUnique Technologies, Co., Ltd. Through the two subsidiaries, China VoIP & Digital Telecom is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its integrated virtualization solutions and services in China and at this time is 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. Millions of people around the world use virtualization to save time, money and energy while achieving more with the computer hardware they already own.
Safe Harbor Statement
Certain of the statements made in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
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SOURCE China VoIP & Digital Telecom Inc.