CloudPad 707qw has Android 4.4 Kitkat, powered by a 1.3 GHz quad-core processor, 7 inch display, WiFi, 5 MP rear camera, 2 MP front camera, 512 MB RAM, 8 GB ROM and can connect via WiFi. No info yet on the screen resolution, if there's Bluetooth and the battery capacity.
No information yet on the date of release but expect to have it in your hands soon for Php 2,499 via their authorized resellers or Cloudfone stores.