NIVS IntelliMedia Technology Group, Inc. (“NIVS” or the “Company”) (NYSE Amex: NIV), a consumer electronics company that designs, manufactures and sells intelligent audio and visual products and mobile phones, announced that DailyFinance, an AOL Money and Finance site, just released an article by noted Wall Street columnist Gene Marcial on NIVS’ potential for growth in the rapidly expanding consumer electronics and mobile phone industries in China.
Posted on February 7th, the article states that NIVS “represents an extraordinary opportunity as China’s rising middle class continues to fuel the country’s high-growth electronics industry.” The piece goes on to describe the wide array of products that NIVS sells in China and 80 countries around the world, in addition to highlighting its partnership with China Telecom, one of China’s three largest carriers, which has already contributed more than $30 million in revenues for NIVS branded mobile phones in 2010.
“It is an honor to appear in an online portal as well-known in the U.S. as AOL’s DailyFinance,” said Tianfu Li, NIVS’ Chairman and CEO. “NIVS is pleased about the recognition and we believe the timing couldn’t be better for both investors and consumers of our electronics. We anticipate our business model will provide an excellent opportunity to take advantage of the China’s growth in urban disposable income and increasing desire for electronics such as LCD TVs, music players and digital video set-top boxes, as well the our increasingly popular mobile phones.”
Richard Rappaport, CEO and founder of WestPark Capital, Inc. asserts in the AOL article that NIVS has earned significant investor attention because of its “years of experience in China’s electronics industry, strong management team and initiatives in the country’s booming cell-phone market.”
The author of the article, Gene Marcial, writes the “Inside Wall Street” column for DailyFinance; which previously ran for 28 years on BusinessWeek. Before joining BusinessWeek, Marcial wrote the columns “Heard on the Street” and “Abreast of the Market” for The Wall Street Journal.
A link to the article is available on the homepage of AOL’s DailyFinance site, under the “Columns” heading at: www.dailyfinance.com. For a link directly to the archived version of the article, please click here.
NIVS is implementing various corporate growth initiatives for 2011 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, such as its 3G mobile handsets.