|
WirelessDevNet.com Press Release
NIVS Provides Updates of Purchase Agreement for NIVS 3G Mobile Phone Products
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, announced an update to its purchase agreement to sell 3G mobile phones to China PTAC Communications Services on behalf of China Telecom as previously announced in the Company's press release issued on January 14, 2010.
As originally contemplated and announced in the previous press release, the Company's delivery of the 3G mobile phones representing the aggregate order was to be completed by March 31, 2010. Due to unforeseen delays related to expansion of the 3G network, it is now anticipated that product delivery will occur by May 2010.
About NIVS IntelliMedia Technology Group, Inc.
NIVS IntelliMedia Technology Group is an integrated consumer electronics company that designs, manufactures, markets and sells intelligent audio and video products 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.
|
