SHENZHEN, China, Oct. 29 /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 launch of a new product: a video conferencing system called the Interactive Intelligent Panel.
After nearly one year of design and development, the development of the Interactive Intelligent Panel was completed in August 2010. This product was designed and developed to integrate a large touch screen and a small built-in computer. With AIVtech's effective and low-cost manufacturing, this product can meet the needs of corporate, government, media and health-care organizations to achieve timely, interactive communication and decision making.
This new product has several core functions, including: the integration of a large, high-definition display and touch screen, intuitive on-screen handwriting recognition, rapid large-scale image processing, remote multi-party data sharing, and user-friendly operation. It can be widely used in education, training centers, conference rooms, exhibition halls and a wide variety of demonstration sites. The system also operates closely with fire, police, military and other services' emergency commands and can be deployed remotely. The Interactive Intelligent Panel provides a complete, personalized solution for specific industries and business needs through customized software and hardware.
"We launched the Interactive Intelligent Panel in August 2010 and expect it to contribute a sizable portion of our revenues in future years," said JinLin Guo, AIVtech's Chairman and CEO. "In entering this new product area, we are confident that we can rapidly gain market share versus existing suppliers and establish relationships with both domestic and international customers in order to achieve our aggressive performance and financial goals."
AIVtech 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.
SOURCE AIVtech International Group Co.