Oct. 30, 2009 (PR Newswire) -- BOCA RATON, Fla., Oct. 30 /PRNewswire-FirstCall/ -- China Voice Holding Corporation (CHVC) (OTC: CHVC), announced today that its China subsidiary, Beijing CandidSoft Technology Co. Ltd. (CandidSoft), has signed an agreement with China Mobile, the world's largest mobile network and mobile subscriber base carrier, to provide CandidSoft with preferential rates and cooperation. The China Mobile agreement term is for 5 years. The Company had previously announced on July 16,( )2009 that it had signed a similar agreement with China Netcom, which is now China Unicom Ltd. Both agreements are revenue sharing arrangements and also provide for installation and support of the Company's current Chinese Government and large enterprise customer contracts for SKY O/A Office Automation with integrated Digital Voice Application in the Guangxi Province.
CHVC's President and CEO, Bill Burbank, said, "We now have signed agreements with two of the three Chinese carriers to support our large enterprise and government contracts in China. Both China Mobile and China Unicom have invested hundreds of millions of dollars into their wireless 3G network and are looking for partners to not only use their networks but provide value added solutions that keep their customers connected to them. CandidSoft's solutions do just that, and we expect to see installation progress by the end of this year. We anticipate that utilizing wireless broadband connectivity will enable us to install our solution at a much faster pace and at less cost to the carrier than running cable, especially in remote rural areas."
Update to Shareholders
-- China M & A Strategy- As previously announced, the Company recently
acquired Sino Beyond Limited, a Hong Kong company. This company will be
utilized to acquire additional companies in China. CHVC has also engaged
Hong Kong accounting firm, BDO Limited, to certify the company's value
so that it can engage targeted acquisitions in China.
-- Technology Solutions required for CandidSoft Contract Deployments-
Beijing CandidSoft Technology Co. Ltd. has signed an agreement with
Borde Solutions Pte. Ltd. of Singapore whereby Borde shall supply the
Borde - Hybrid Wireless Solution to CandidSoft's broadband connectivity
provider for the Company's government and large enterprise contracts.
The Borde system is an integrated edge device to provision wireless
access and connectivity including QoS, Filtering and Virus/Spam. The
device supports wired cable connectivity as well as wireless 3G and WiFi
or WiMax. Borde's devices are currently being evaluated and certified by
China Unicom Ltd. After this approval, the Company will apply for
China's MII certification as well.