Management Express

CVDT Chairman Receives 2007 Shandong Top Innovative Entrepreneur Award
 
CVDT Chairman Mr. Li Kunwu has received the 2007 Shandong Top 20 Innovative Entrepreneurs Award from the New Shandong Entrepreneur Journal as a result of Mr. Li’s significant contribution to China VoIP & Digital Telecom’s growth and innovation.

New Shandong Entrepreneur Journal, headquartered in Shandong province and published nationally, is an advanced professional management magazine. The Shandong Top 20 Innovative Entrepreneurs Award is based on the following contributions in four categories:

  • Growth power – the person led significant company growth in 2007 and established sustainable foundations for rapid growth.
  • Knowledge – the person has extensive knowledge in business and led the way in industrial development.Awards focus on non-manufacturing industrial fields such as new and high-tech industries, culture industries, and service industries.
  • Innovation – the person created new business models with strong profitability.
  • Vigorousness – the person is dedicated to the proper balance between life and work, and is a socially responsible citizen.


    • During a recent exclusive interview with the journal, Mr. Li confidently stated the company’s strategic goal, “CVDT will become an outstanding Chinese network communication system provider and virtual telecom operator.We will do our best to be listed on NASDAQ exchange in the near future.”
     
    Company Express

    Yinquan receives two governmental awards and funding
    Business Express

      Business Development of First Quarter 2008
     

    2008 is an important year for Yinquan as it carries out its technology, marketing and strategic transformation and continues to expand its VoIP operations.

    Yinquan has built an integrated information-based platform providing voice, video, documents and e-business services for its clients. This comprehensive platform uses IP communication as the core technology, which is highly adaptive to the next generation of communications and to the development of Internet services through both cable and wireless transmission.

    Another technology development project is WIFI wireless coverage and technical cooperation with a U.S company.In addition, Yinquan is developing technology partnerships in wireless video monitoring systems with two companies.

    During the first quarter, the company consolidated its sales and distribution channels as it eliminated several poorly managed distribution agents with low performance. Currently, there are one to three distributors in each city or region, and the company has committed more resources to assisting distributors with their growth needs.

    Also in the first quarter, the company changed its customer acquisition strategy from focusing on individual consumers to targeting corporate clients with branch locations throughout the country and enterprises with outbound call centers. Currently, the company is developing business relationships with several enterprise customers.

    Business cooperation is a new model in 2008. Leveraging off its core technology in VoIP, Yinquan will partner with companies that have Internet operations to provide embedded service for their members and explore other e-business opportunities as well.Potential partners include Acorn International.

    Call center management is one of the important development projects for Yinquan in 2008. The company plans to establish a free communications management platform for global enterprises by building and promoting the “IPCC international business call center” with a multi-language search engine. Large industrial companies as well as small and medium sized enterprises are the target customers. The overall design has been finalized and the key hardware has been installed in the new office building of Yinquan. Details of the program are currently under development. Based on the company’s plan, online testing will take place in the second quarter and the trial test will start in May.
     

    Jinan Yinquan Technology Co. Ltd, the wholly owned subsidiary of China VoIP & Digital Telecom Inc. today announced that it received two governmental awards granted at the Qilu Software Park Annual Honor Conference 2007 held on March 6, 2008. The two awards are the 2007 Top Growth Enterprise Award and the 2007 Excellent Enterprise for Statistical Work of Qilu Software Park.

    In addition, the Director and the General Manager of the company, Mr. Wang Qinghua, was awarded the 2007 Special Contribution Individual Award of Enterprise Union for his outstanding achievements as the Deputy Director of Communications Technology Union of CIIIC (China International ICT Innovation Cluster).

    In addition to the awards, Yinquan has received government funding for two projects:

    • Integrative Communication System Based on WiFi network, funded by the Jinan Info Industry Special Fund
    • Special Fund for Talent Training, granted by China’s Ministry of Commerce

    Yinquan received the most awards among the 500 enterprises in QiluSoftwarePark. These awards demonstrated that Yinquan’s leadership position has been recognized by both the government and industry.The company believes the government will offer it preferential terms and conditions to support the company’s growth.
     
     
     
    Expert’s Voice

    China VoIP & Digital Telecom Director Expresses Opinions about China Telecom Restructuring on www.sina.com.cn
      A member of the board of directors at Yinquan Technology, Mr. Kaili Kan, recently published an article about the possible restructuring of China's telecom industry on www.sina.com.cn.Mr.Kan, a professor at Beijing University of Posts and Telecommunications, is also a director of China's Information Industry Policy and Development Institute and Commissioner of the Advisory Commission for China's Telecommunications Act.He formerly served as a strategy consultant on telecommunications policies and development at the World Bank.Professor Kan earned a doctorate degree from Stanford University. Mr.Kan believes that the most important issues facing the China telecom industry are:
    • How to leverage the enormous productivity created by modern telecom technology (such as VoIP)
    • How to wrest control of industry policies from special interests groups in order to implement fair policies
    • How to change the telecom carriers’ traditional operating model
     
      Mr. Kan also believes that as telecom services move towards the Internet Protocol (IP) based model, telecom carriers will eventually lose control of their networks, and become merely "transparent pipeline" providers.

    Mr.Kan pointed out in his article that the evolution of China’s telecom industry is inevitable.VoIP technology and services should continue to expand throughout the country, although at a slow pace, since policy makers are still trying to protect the profitability of large state-owned enterprises.CVDT continues to push forward with new products and services and is planning to enter the international market.

    Mr.Kan is an authoritative leader in the telecom industry.With his ongoing efforts to accelerate the pace of development of the China telecom industry, we are fortunate to have him as a member of the board of directors at Yinquan.

     
    March News Highlight

    • China VoIP & Digital Telecom Inc. subsidiary receives two governmental awards and funding for its projects
      Yinquan’s General Manager receives an individual governmental award
      • More   


    • China VoIP & Digital Telecom Director Provides Opinions Regarding China Telecom industry restructuring at Sina.com.cn
      • More   
    Odds and ends

    Our annual report was released on April 9, 2008. You may visit www.sec.gov for a complete copy.

    More company information please visit
    www.chinavoip-telecom.com


                        For more information, please contact Great Wall
                        Research LLC directly or go to CVDT's website at
                        http://www.chinavoip-telecom.com
                        Great Wall Research LLC
                        Telephone: (203) 536-1928
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