Friday, February 26, 2010

China VoIP & Digital Telecom, Inc. (CVDT.OB) Subsidiary Signs Contract with New Customer in China

The wholly-owned subsidiary of China VoIP & Digital Telecom Inc., Jinan Yinquan Technology Company Ltd., today announced that it has signed a virtualization agreement with Shandong Luneng Network Information Company Ltd. Shandong Luneng is a subsidiary of Luneng Group which is directly managed by the State Grid Corporation of China. It provides comprehensive IT services to the enterprises in the Shandong power supply system.

Jinan Yinquan will implement an integrated virtualization solution and provide long-term support for the customer’s data center. Yinquan will provide the customer with industry-leading technology in comprehensive data center solutions. Their sophisticated virtualization solution will help Shandong Luneng reduce investment and operating expenses. It will also help reduce the required number of servers in the data center which will result in higher energy savings and lower overall emissions. Yinquan’s solutions will also enhance the customer’s network security environment.

Yinquan designed the comprehensive virtualization data center solution specifically around Luneng’s business needs and their business has directly benefited from it. The service contract is expected to provide China VoIP & Digital Telecom with a long-term recurring revenue stream.

Shandong Luneng is the first company that Jinan Yinquan has signed in the Shandong power supply industry. The company believes its success will allow it to showcase its technology in this industry in order to gain other customers, not only in the region, but throughout China.

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