HUIZHOU, China, March 1, 2011 /PRNewswire-Asia-FirstCall/ -- NIVS IntelliMedia Technology Group, Inc. ("NIVS" or the "Company") (NYSE Amex: NIV), a comprehensive consumer electronics company that designs, manufactures and sells intelligent audio and visual products and mobile phones, today announces the release of a SmallcapInsights.com article by seasoned and respected Wall Street professional Dr. John Faessel.
Entitled "A New Chinese 'Top Pick,'" Dr. Faessel discusses NIVS' business model in the expanding consumer electronics and mobile phone industries in China, in addition to highlighting its recent announcements, including its partnership with China Telecom, the company's first order with China Mobile (the largest mobile phone company in the world), and its latest contract with India for the supply of custom NIVS mobile handsets.
From the article, Dr. Faessel states, "Mighty China Telecom (CHA) NYSE has selected the NIVS IntelliMedia (NIV) "E3" model mobile phone as one of its key 3G promotion products. While relatively small and not yet on the radar screen of most investors, (NIV) is very profitable, with a low P/E ratio of 4, a Price to Sales ratio of only 0.40, with quarterly revenue (year over year) growing at approximately 59%."
The article goes on to mention NIVS' recent agreement with China Mobile and its contract to supply custom handsets to the India market. The full article may be viewed at: http://www.smallcapinsights.com
NIVS is implementing various corporate growth initiatives for 2011, with a particular focus on its fast-growing mobile phone business, and is committed to establishing itself as China's preeminent integrated consumer electronics company. The Company will continue to focus on innovative research and development and expects to expand its product portfolio with increasingly popular consumer electronics devices in China and in other high growth markets in Asia, including India's growing mobile market.
About NIVS IntelliMedia Technology Group, Inc.
NIVS IntelliMedia Technology Group (NYSE Amex: NIV) is an integrated consumer electronics company that designs, manufactures, markets and sells intelligent audio and video products and mobile phones in China, Greater Asia, Europe, and North America. The NIVS brand has received "Most Popular Brand" distinction in China's acoustic industry for three consecutive years, among numerous other awards. NIVS has developed leading Chinese speech interactive technology, which forms a foundation for the Company's intelligent audio and visual systems, including digital audio, LCD televisions, digital video broadcasting ("DVB") set-top boxes, peripherals and more.
For comprehensive investor relations material, including fact sheets, research reports, presentations and video (as they become available), please follow the appropriate link: Investor Relations Portal and Investor Fact Sheet.
For additional information, please visit: www.nivsgroup.com/english
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the Company's business and operations; business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
SEC Section 17(b) Disclosure: SmallcapInsights.com is a wholly owned subsidiary of Trilogy Capital Partners, Inc. ("Trilogy"). Trilogy has been engaged by NIVS IntelliMedia Technology Group, Inc. ("NIV") to provide investor relations services for compensation including a monthly retainer of $7,500 for a minimum of six months and 25,000 shares of NIV. In addition, if Trilogy is engaged seven and one-half months after initial execution, an additional 25,000 shares will be issued to Trilogy.
Chief Financial Officer
Vice President Investor Relations
Trilogy Capital Partners - Asia
Darren Minton, President
SOURCE NIVS IntelliMedia Technology Group, Inc.