The receiver is a kind of demodulator ic(CW6694) that can recover original analog signal in the field of digital communication.
I've come across several Conwise devices, if I remember correctly the CW669X series is a Bluetooth SCO PCM/CVSD CODEC.
Do you have the datasheet of the device?
In any event, what both Alex and I are attempting to convey is without some method of signaling/encoding, the receiver would be unable to differentiate a byte transmission of 0x00, 0x01, 0x0F or 0x7F.
From the viewpoint of the receiver, all four bytes appear to be a single transition from low to high or 0 to 1, using your code routine.
If you can provide the datasheet, we maybe able to help you formulate a method of communication with the device.
If I remember correctly the CW669X series has both an analog input and output from which a PCM signal is coded or decoded, the device can also provide a Bluetooth CVSD/SCO channel.
If you are attempting to generate a PCM signal, your code routine is on the wrong track.
Many AVRs do offer a dedicated Pulse Code Modulation (PCM) module, however in this situation you would probably be better off generating the PCM signal via software techniques.
BigDog