HUIZHOU, China — NIVS IntelliMedia Technology Group, Inc., (“NIVS” or the “Company”) (NYSE Amex: NIV), a consumer electronics board that designs, manufactures and sells perspicacious audio and visual products, announced that the Company has been recognized as identical of the approved vendors fitting for e-Surfing, the mobile-communication aid call fitting for FMC services away China Telecommunications Corporation (China Telecom, 0728.hk), a mobile-communication services provider in China. NIVS has signed the concord with e-Surfing. e-Surfing, as a mobile-communication aid call fitting for FMC services away China Telecom, and identical of the 3G GSM/CDMA duo group receptive phone suppliers fitting for China Telecom, shares the China Telecom orders with blue ribbon layer call names. According to China Telecom’s 2010 purchasing map, 8 suppliers pick on been selected as the approved vendors as its e-surfing 3G GSM/WCDMA duo group phone suppliers: namely, Samsung, Motorola, Sony Ericsson, LG, Huawei, ZTE, Coolpad and NIVS. In 2010, China Telecom is expected to pick on an annual advantage book of 1500 million receptive phone pieces, with the orders choose be assimilated away these 8 approved vendors. In 2009, China Telecom purchased 500 million 3G receptive phones from its approved vendors. Mr.
Tianfu Li, Chairman and CEO of NIVS, commented, “We are glad at the moment to spread manifest our sales means to a mobile-communication aid provider in China. It is extra enhancing our aplomb in developing our own branded 3G receptive phones fitting for introduction to the Chinese consumer. The cognizance from China Telecom indicates NIVS’s but calibre and clear technological backup fitting for our 3G receptive phone products. We look to the ostensibly to maximizing the value of the synergies that can be created within the two companies.”About China TelecomChina Telecommunications Corporation (China Telecom), an extra-large State-owned telecom open in China, identical of three receptive phone services providers in China, has been selected into the Top 500 Global Corporations fitting for tons years. China Telecom largely provides integrated communication services including the fixed-line blower, receptive aid, Internet bearing and applications services.
In May 2009, China Telecom launched its 3G services beneath its CDMA network, and is the most matured 3G aid provider in China. By the decision of 2008, China Telecom owned 214 million anchored exclude blower subscribers, 35.44 million receptive subscribers, and 47.18 million broadband customers. About NIVS IntelliMedia Technology Group, Inc. NIVS IntelliMedia Technology Group is an integrated consumer electronics board that designs, manufactures, markets and sells perspicacious audio and video products in China, Greater Asia, Europe, and North America. Ranked 43rd on Forbes’ Top 100 Chinese Research and Development Companies, NIVS has developed prime Chinese lecture interactive technology, which forms a foot fitting for the Company’s perspicacious audio and visual systems, including digital audio, receptive phone, LCD televisions, digital video broadcasting (“DVB”) set-top boxes, peripherals and more.
The NIVS call has received “Most Popular Brand” deserve in China’s acoustic forcefulness fitting for three consecutive years, amongst numerous other awards.