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company released results. Revenues in line with Q1 at over $1M for the three months ended June 30 and also settled some old debt that they had. Company continuing to make progress with the execution of their business plan.
Company announced an amendment to their debt settlement arrangement. don't think the note holder would amend agreement if they did not believe the Company would pay it off. That event plus earning coming soon should get this stock in play again. Keeping it on my radar
Decent volume today for this one. Also announced new contract in the financial industry in China. This stock could become in play again with another few days of solid volume.
company has been adding new contracts with some impressive customers in China. From a business standpoint it sounds like they are doing pretty good with their products/services. From a traders standpoint this stock may become in play again soon judging by the frequency of the PRs and upcoming earnings release in mid August i believe. Going to put it back on my radar screen
CVDT is consolidating nicely around the .35 to .40 level. Looks like there are some decent positions that have been taken here. Could be getting ready to continue its upward movement. Should be on our radars imo
a little bit more research that I did on CVDT.
Industries Covered by New Customers
Wendeng Central Hospital, Shandong Province – Healthcare Industry
China Unicom's Zibo and Linyi branches, Shandong Province – Telecom Industry
Zhejiang Geely Group, Zhejiang Province – Automotive Industry
Ying Da Security Co. Ltd., Shenzen Province – Security Industry
Shandong Luneng Network Information Co., Ltd., Shandong Province – Power Supply Industry
Wendeng Municipal Government, Shandong Province – Municipal Government
National Taxation Bureau, Shandong Province - Government
Shandong University of Finance, Shandong Province – Education Industry
System Integrator Coverage
Jinan Sheng Hua Tong Cheng Info Tech Co., Ltd, Shandong Province
Shandong Gentle S&G Development Co., Ltd., Shandong Province
Jinan Daoyuan Info Tech Co., Ltd, Shandong Province
China Railway Info Tech Qingdao Branch, Shandong Province
Shandong Zhongfu Info Industry Inc., Shandong Province
Shandong Wise Info Tech Development Co., Ltd., Shandong Province
Beijing DongFangXuTian Technology Co., Ltd., Beijing
Beijing XingRunJiaYuan Technology Co., Ltd., Beijing
Guangxi Bolian Information & Communication Technology Co., Ltd.
Guangdong Topway Network Co., Ltd. , Guangdong Province – Power Supply Industry
Victory Software Co., Ltd., - Petrochemical Industry
Hebei Hangar Electronic Science and Technology Co., Ltd. – Hebei Province
Hebei Newhero Technology Co., Ltd. – Hebei Province
Hebei Longxin Technology Co., Ltd – Hebei Province
Basic Stats
Hebei Province – Population approx 67M
Shandong Province – Population approx 90M
Beijing – Population approx 15M
Guangdong Province – Population approx 75M
Total Population – 247M
According to its recent PR, the Company appears to be aggressively targeting a market of approx about 250M people. The total number of companies that are potential virtualization customers has to be very significant. They have been successful in landing some anchor clients in important industries that should definitely contribute to significant company growth. The use of system integrators to attack other important markets makes sense as a market penetration strategy.
Looks like Company gets awarded one time implementation fees and sign support contracts for post-implementation services. This should create nice revenue streams.
Some consolidation going on right now at these levels.
Just finished re-reading the recent PRs. Seems to me the Company is on the right track by signing customers in diverse industries. This protects the Company from a slump in one specific industry. I also like the fact that it seems like the Company gets paid a one time implementation type of fee and then it also has recurring revenues from the post implementation support they offer. They appear to be going about building their business the right way IMO
CVDT broke out in a big way yesterday another day of bigger volume and higher prices. They are signing up a lot of System integrators in multiple industries which should help them cover a lot of ground and help them penetrate new markets. There is some resistance up ahead but this baby still has room to go up IMO.
CVDT signs new contract with Zhejiang Geely Group (one of the largest private chinese automotive manufacturers). This has to be HUGE for the Company IMO. You take Geely and the government contracts that it has recently signed and this has to be absolutely huge for the Company. Volume was up significantly yesterday and brought the stock up with it. CVDT now has good momentum behind it and has a lot of upside potential IMO
CVDT finally shook out .11 to close at .15. Lets see if she has legs to keep on moving. Too much great news for this stock to be trading at these levels. This thing should keep up its momentum to the upside
CVDT signs 3 more System Integrators. This Company is on a roll from a business standpoint. Volume was up a little bit on Monday. The volume should pick up some momentum as the Company keeps releasing positive news!
Spent a little bit of time doing some basic research on CVDT.
China VoIP & Digital Telecom (OTCBB: CVDT) are now focusing their business on the Server Virtualization Industry in China. A few advantages of server virtualization are:
• Proven software technology that is rapidly transforming the IT industry and fundamentally changing the way companies operate their computer infrastructure;
• Virtualization lets you run multiple virtual machines on a single machine, sharing the resources of that single machine with multiple machines; and
• Virtualization offers increased IT efficiency and effectiveness by allowing a company’s IT staff to handle double or even triple the number of servers.
Based on information disclosed in CVDT’s recent press releases, they are certified in many of VMware’s products. They are also VIP partners with Vizionecore.
According to CVDT’s recent Press Releases, customers include:
• National Taxation Bureau of Shandong
• Shandong University of Finance
• Wendeng Municipal Government
• Ying Da Security Co., Ltd
CVDT is located in Jinan, the Capital of Shandong Province in China. Population of Shandong is approx 90M (about 5.5M people in the city of Jinan itself). That should offer tremendous growth opportunities for the Company in just Shandong! One would think that with increased success in Shandong could result in rapid expansion to other neighboring provinces
Total issued and outstanding shares: 53,008,000 as per SEC filings
Total Float 14,000,000 (estimate)
In my opinion, this Company has tremendous growth potential from this area.
CVDT more great news out today! Have a feeling this stock may pop
CVDT may be looking to break out. Lots of positive news coming out these days about their transition from a VoIP service provider to a leading integrator of virtual technology in China
Is CVDT getting ready to move? Lots of news these days but volume still low
CVDT appears to be hitting its stride in the Virtual Computing Industry in China. Lots of positive news over the past couple of weeks. worth keeping an eye on