Published:
China Voice Holding Corp.'s Phone House, Inc. Subsidiary Assigned Master Distribution Rights in Southern California for Touch-Tel Brand Calling Cards
Expected Revenue $15,000,000 Per Year
China Voice Holding Corporation (CHVC)
(PINKSHEETS: CHVC) announced today that its U. S. subsidiary, Phone House,
Inc., was assigned Master Distribution rights in Southern California for
eleven Touch-Tel USA prepaid calling card brands. The calling card brands
are De dos California, La Salvadorena California, La Hondurena Oro
California, La Hondurena Especial California, La Guatemalteca ORO
California, La Hondurena MEGA California, Mexico Celular MEGA, Mexico MEGA
California, La Guatemalteca MEGA California, La Guatemalteca California and
La Salvadorena California.
Deepak Hira, General Manager of Phone House, said, "These brands are well
established in Southern California and are very popular because of their
high quality. Our initial sales and response from our customers has been
tremendous. We are also looking forward to launching new Touch-Tel brands
over the coming weeks. Based on the excitement and reputation of Touch-Tel
brands in Southern California, we expect their brands to produce at least
$15 million in sales annually."
Phone House, Inc. provides discount calling cards and prepaid cellular
phones that enable users to call anywhere in the world at significant
savings. The Company's prepaid cellular products and calling cards are
currently sold through a network of over 90 private distributors that
support more than 5,000 retail outlets located in Southern California.
China Voice Holding Corp. ("CHVC") is a U.S. publicly-traded holding
company headquartered in South Florida with a portfolio of next-generation
communications products and services doing business in the People's
Republic of China and the U.S. Through its subsidiaries, the Company
provides Voice over Internet Protocol ("VoIP") telephone services, office
automation, wireless broadband, unified messaging, video conferencing,
mobility services and other advanced voice and data services in China,
where the Company has obtained full legal status as a licensed
telecommunications company. The Chinese telecommunications market is the
largest and fastest growing in the world. CHVC's focus is on providing its
innovative and patented voice and data solutions to government agencies and
large enterprises in China. China Voice Holding Corp. trades
Over-the-Counter and is listed in the Pinksheets under the symbol "CHVC."
Prior to the filing of periodic reports to the SEC, the Company is
providing its recently audited financial statements and other current
information at the pinksheets.com website. CHVC has filed a Form 10 with
the SEC to become fully reporting and move from the Pinksheets. Additional
information may be found at www.chvc.com.
Forward-Looking Statements
The foregoing, including any discussion regarding the Company's future
prospects, contains certain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. Such statements
involve numerous risks and uncertainties, including, but not limited to
risks and uncertainties associated with economic conditions in the
telecommunications industry, particularly in the principal industry sectors
served by the Company; risks and uncertainties inherent in the operation of
businesses outside the United States; changes in customer requirements and
in the volume of sales to principal customers; the ability of the Company
to assimilate acquired businesses and to achieve the anticipated benefits
of such acquisitions; competition and technological change; and the ability
of the Company to control operating costs and maintain satisfactory
relationships with existing and potential vendors. The Company's actual
results of operations may differ significantly from those contemplated by
any forward-looking statements as a result of these and other factors,
including factors that may be set forth in the Company's anticipated
filings with the Securities and Exchange Commission.
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