China VoIP & Digital Telecom Inc Announces 2007 Results

China VoIP & Digital Telecom Inc. (OTCBB: CVDT) and its wholly owned subsidiary Yinquan Technology Inc., a leading provider of broadband telephone service, today announced strong fourth-quarter and full-year 2007 financial and operational results.

For the fourth quarter of 2007, Yinquan reported earnings of $0.7 million, or $0.01 per share, compared with $(705,443), or $(0.01) per share, in the fourth quarter 2006.

For the year, Yinquan reported earnings of $1.7 million, or $0.03 per share.

Revenue for the quarter was a record $1.8 million, which represents a more than 200% increase over $0.6 million in the year-ago quarter. For the year, revenue was $6.2 million, or 328% above 2006 revenue of $1.45 million.

Kunwu Li, Yinquan CEO, said, "In 2007, we saw significant growth in our customer base and improvement in our financial results. We more than doubled our revenue to $6.2 million while expanding margins and improving our overall operating position. We have been profitable since the third quarter of 2007 and we will continue to enhance our profitability in 2008. Our cash position is very strong. Along with the additional $5 million fund we recently raised, we should be able to fuel our business expansion domestically and internationally through organic growth and/or mergers and acquisitions activity."

Mr. Li added, "We continue to make progress toward our goal of strong top line revenue and bottom line earnings growth throughout 2008 and beyond."

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