NIVS to Offer GestureTek Mobile's Award Winning Software for Mobile Phone Games on the NIVS Operations Platform
HUIZHOU, Guangdong, China, Jan. 22 /PRNewswire-Asia-FirstCall/ -- 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, today announced that the Company
has entered into an agreement with China Potevio Co., Ltd., GestureTek's
authorized technology agent in China, for the application of GestureTek's
mobile phone technologies on the NIVS operations platform for the benefit of
it's mobile phone customers.
GestureTek's award-winning Eyemo(TM) software enables touch-free user
interfaces on camera-enabled handsets. GestureTek's Momo(TM) engine uses a
mobile device's camera to track specific movements and objects within the
camera's field of view. The software can be delivered over the air or embedded
on a camera-enabled device. Turnkey motion-controlled games and applications
are also available on multiple platforms.
Mr. Tianfu Li, Chairman and CEO of NIVS, commented, "On behalf of our
mobile phone customers we're delighted to be able to offer GestureTek's mobile
phone technologies to enhance their experience and interaction with the NIVS
brand of mobile phones. We look forward to offering a broad suite of
GestureTek's offerings to our customers."
About China Potevio Co., Ltd.
China Potevio Co., Ltd. is a China based leading IT equipment manufacturer
and service provider. It was born out of China Posts and Telecommunications
Industry Corporation, which has a long history in China's telecommunication
industry. As a key state-owned enterprise under direct leadership of State-
owned Assets Supervision and Administration Commission of the State Council
(SASAC), China Potevio's main business covers manufacture and trade business
of telecom products, relevant technical research and services. Its industrial
scale and strength plays a leading role in many industrial fields, such as
communication system, terminal, auxiliary equipment, industrial application
and value-added service. China Potevio owns several first-class national
certifications and qualifications, including telecom project programming and
designing, telecom engineering surveying, project contracting and telecom
construction bidding and bid invitation, providing clients with credible
products and services.
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, telecommunication, LCD televisions, digital video broadcasting
("DVB") set-top boxes, peripherals and more.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the
business of the Company and its subsidiary companies. These forward looking
statements are often identified by the use of forward looking terminology such
as "believes, expects" or similar expressions. Such forward looking statements
involve known and unknown risks and uncertainties, including, but not limited
to the Company's ability to effectively integrate the operations and
management of acquisition targets; the Company's ability to timely deliver
products; the Company's ability to timely develop and market new products; the
Company's ability to continue to borrow and raise additional capital to fund
its operations; the Company's ability to accurately forecast amounts of
supplies needed to meet customer demand; exposure to market risk through sales
in international markets; the market acceptance of the Company's products;
exposure to product liability and defect claims; fluctuations in the
availability of raw materials and components needed for the Company's products;
protection of the Company's intellectual property rights; and changes in the
laws of the PRC that affect the Company's operations. 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 the discussed above and in the
Company's periodic reports that are filed with the Securities and Exchange
Commission and available on its website (www.sec.gov). All forward-looking
statements attributable the Company or to 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 an obligation to update
these forward-looking statements.
For more information, please contact:
Company Contact:
Jason Wong
Vice President Investor Relations
Tel: +86-138-2991-6919
Email: jason@nivsgroup.com
Investor Contact:
United States & Canada
BPC Financial Marketing
John Baldissera
Tel: +1-800-368-1217
SOURCE NIVS IntelliMedia Technology Group, Inc.