AIVtech Receives a $5 Million Order from Ace Bayou Corporation
SHENZHEN, China, July 6 /PRNewswire-Asia-FirstCall/ -- AIVtech International Group Co. (OTC Bulletin Board: ECOH) ("AIVtech" or the "Company"), a provider of consumer electronics products in both domestic and international markets, today announced the receipt of a large order for furniture-audio products from Ace Bayou Corporation.
The Company entered into a sales contract with Ace Bayou Corporation on June 28, 2010 to supply 140,000 sets valued at USD $5 million. This is an original-design manufacturing (ODM) contract with Ace Bayou Corp's X Rocker division. In this order, AIVtech is working in partnership with a furniture manufacturing company-Da Kang Holding Co. Ltd. of China-in which AIVtech supplies the electronic components and Da Kang performs product assembly. These furniture-audio products include leisure furniture with built-in audio/video systems and video-gaming chairs.
Ace Bayou Corporation was founded in 1986 and has launched several lifestyle-focused divisions including X Rocker, ABC Lifestyle Furniture and ABC Pet Products. X Rocker is a line of multi-functional furniture with built-in technology that includes adjustable vibrational audio for music, movies and games, which transfers the sound into the furniture's backrest and provides a full range of multi-sensory entertainment.
"We have been awarded several patents and many international product certifications for our furniture-audio products, and our video-gaming chairs have received awards from reviewers," said JinLin Guo, AIVtech's Chairman and CEO. "We have established long-term relationships with our international customer base, which we are leveraging to become a worldwide recognized brand in the industry."
About AIVtech International Group Co.
AIVtech International Group Co. is the parent company of wholly owned Shenzhen AIVtech Company Limited ("Shenzhen AIVtech"), which owns 70% of Dongguan AIVtech Company Limited ("Dongguan AIVtech"). AIVtech's founder, Chairman, and CEO JinLin Guo owns the remaining 30% of Dongguan AIVtech. Founded in 2004, the Company focuses on the integration of electronic products, such as multimedia speakers and video games, with furniture and has coined the term "electronic furniture" to describe its products. The Company has three major product categories: (1) electronic furniture, including video chairs with built-in speakers and vibration, as well as leisure furniture with built-in audio/video systems; (2) multimedia/digital speakers; and (3) LCD/LED televisions. For more information, visit http://www.aivtechgroup.com .
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which are relevant as of the date of the given press release and should not be relied upon as of any subsequent date. AIVtech International Group Co. undertakes no obligation to update the forward-looking information contained in this press release.
For more information, please contact: Company Contact: Mr. Terry Liao, Vice President AIVtech International Group Co. Email: firstname.lastname@example.org Tel: +86-755-2533-3022 Investor Relations Contact: Mr. John Harmon, Sr. Account Manager CCG Investor Relations Email: email@example.com Tel: +1-646-833-3424
SOURCE AIVtech International Group Co.