BOCA RATON, Fla., Sept. 26 /PRNewswire-FirstCall/ -- China Voice Holding Corporation (CHVC) , announced today that it had retained Cheung & Co., CPAs, a Kreston International Member Firm located in Hong Kong, along with their South Florida based U.S. Affiliate, as the Company's new Audit Firm. CHVC believes that because of its anticipated growth and revenue in China, the change will best serve the Company's audit needs now and in the future.
CHVC has received its first comments from the SEC relating to its Form 10, which was filed on August 6, 2008. The Company is diligently pursuing the completion of its response as well as its June 30, 2008 year-end audit, which must be filed with the Form 10. As a normal and very common step in the Form 10 approval process, the Company will withdraw its registration so that it does not become effective without SEC approval. CHVC plans to re-file its Form 10 with answers to the SEC comments and the required June 30, 2008 audited financial statements before the end of October. The Company's new auditors are currently auditing the Company's 2007 and 2008 financial statements to meet the Company's self-imposed timeline.
CHVC's Chief Financial Officer, Ron Allen said, "Our new auditors are a perfect fit to support our future plans. We are satisfied with our ability to respond to the first comments from the SEC and feel that we are very much on-track to achieve our goal of moving to a more recognized trading platform by the end of this year or early next year."
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 Pink Sheets under the symbol "CHVC". Prior to the filing of periodic reports to the SEC, the Company is providing publicly-available financial statements and other current information at the pinksheets.com website. Additional information may be found at http://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.
