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RAPID ACCEPTANCE OF CHINA VOIP & DIGITAL TELECOM'S PROPRIETARY
TELECOMMUNICATIONS TECHNOLOGY PROMPTS COMPANY TO EXPAND MARKETING EFFORTS
Company Introduces High-Quality Broadband Telephone Services in Shan Xi Province
and Liao Ning Province
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HENDERSON, NV, December 6, 2006 - - - As the result of rapid acceptance of its
proprietary NP Soft Switch IP telephone system, China VoIP & Digital Telecom
Inc. (OTCBB:CVDT) through its new wholly owned subsidiary, Jinan Yinquan
Technology Co., Ltd., has added two additional cities in two new provinces to
the ongoing marketing of the system. NP Soft Switch IP telephone system enables
users to access Voice over the Internet Protocol (VoIP) services allowing
customers to use the system to make telephone calls to anyone in the world at a
much lower cost than standard telephone rates.
Jinan Yinquan, a technology company offering VoIP services in the People's
Republic of China, has been developing telecommunications solutions for China's
burgeoning Internet industry for more than half a decade.
The Company said the system, which provides users to access high-quality
broadband telephone services in China by converting a customers' cable/dsl
router into a VoIP device, is now available in TaiYuan, in Shan Xi Province and
ShenYeng in Liao Ning Province. There are 33 million people in Shan Xi province
and 42 million in Liao Ning. The population of Shandong is 90 million with
approximately 10 million Internet users.
"This will bring to 19 the number of cities and our first outside of Shandong
Province where our system is available," said Li Kunwu, President and CEO of
China VoIP & Digital Telecom Inc. "We are extremely encouraged by the acceptance
of the NP Soft Switch IP telephone system which has prompted us to accelerate
our marketing efforts to areas outside of our core Shandong Province core
market.
"The estimated number of Internet users in China is less than 10 percent of the
total population of 1.3 billion people," said Kunwu. "However, that number
continues to grow exponentially as the economy booms and affordable access
becomes more readily available. Combine this with the growing demand for
quality, affordable phone service and it squarely places our Company in the
enviable position to become a provider of telecommunications solutions using the
Internet."
Jinan Yinquan's proprietary NP Soft Switch IP phone system is based on real-time
Internet communications technology and related applications. It uses software to
simulate circuit switching and as a result, provides networks call control and
connection control networks.
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"Less than 25 percent of China's total population is landline subscribers,"
Kunwu added. "This is due in part to availability and cost. But the convergence
of accessible, economical high-speed Internet service and an affordable VoIP
service such as our NP Soft Switch System creates a very exciting scenario for
the growth of our company."
Kunwu said the Company's future plans call for the expansion into all of China
with its current and future products and services.
More information on the Company and its wholly owned subsidiary can be found in
the Company's 8K filing of November 13, 2006 on the Securities and Exchange
Commission official website at www.sec.gov.
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers Voice over the Internet Protocol
service in the People's Republic of China through its wholly owned subsidiary
Jinan Yinquan Technology Co. Ltd. Through Jinan Yinquan, China VoIP is well
positioned to take full advantage of the tremendous economic growth currently
being experienced in China. The Company is currently marketing its NP Soft
Switch system in China and is currently in the testing stage of other
Information Technology products. The Company currently has 30 employees and is
located in the Shandong Province, People's Republic of China.
More information can be found at www.chinavoip-telecom.com.
Notice Regarding Forward Looking Statements
Statements regarding the Company's business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties that could
cause actual results to differ materially from the potential results discussed
in the forward-looking statements. Forward looking statements in this press
release include that our system allows customers to make telephone calls to
anyone in the world at a much lower cost than standard telephone rates; that
internet usage in China will continue to exponentially and that there will be
growing demand for quality, affordable phone service; that current conditions
will result in a very exciting scenario for the growth of our company; and that
our future plans call for the expansion into all of China with our current and
future products and services. .Actual results may differ materially from those
currently anticipated due to a number of factors as we may find that our
products must compete with cheaper or better products; we may not be able to
retain key employees; a bigger market may not develop for our products and we
may not be able to continue to attract new customers; we may face litigation if
our technology fails to work when required; our intellectual property may be
attacked and defeated in court proceedings; our patent filings may be rejected
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by the patent offices; other companies may discover and develop better or
cheaper technologies that would render our products obsolete; we may not have
sufficient funding to further develop and/or market our technology; and we may
face regulatory issues in trying to expand throughout China. There are also
country risks associated with investing in China, including currency
fluctuation, repatriation of capital, and potential regulatory hurdles. Readers
are directed to the China VoIP & Digital Telecom Inc. reports as filed with the
U.S. Securities and Exchange Commission from time to time, including but not
limited to its 8-K filed November 13, 2006 under our prior name Crawford Lake
Mining Inc. which outlined the company's current business for further
information and factors that may affect China VoIP & Digital Telecom Inc.'s
business and results of operations. China VoIP & Digital Telecom Inc. undertakes
no obligations to publicly update any forward-looking statements to reflect
future events or circumstances.
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Contact:
Peter Nasca
Peter Nasca Associates, Inc.
954-473-0677
pnasca@pnapr.com