HUIZHOU, Guangdong, China, March 14 /PRNewswire-Asia-FirstCall/ -- NIVS IntelliMedia Technology Group, Inc., ("NIVS" or "Company") today announced the listing of its common stock on the NYSE Amex. The shares began trading today under the symbol "NIV."
The Company also announced a public offering of 550,000 shares of its common stock at $3.50 per share. The Company has granted to the underwriter an option for 45 days following the closing to purchase up to an additional 82,500 shares to cover over-allotments, if any. NIVS intends to use the net proceeds from this offering for working capital and general corporate purposes. The registration statement related to these securities has been declared effective by the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is made only by the prospectus relating to this offering. A copy of the final prospectus may be obtained from WestPark Capital, Inc., 1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067, by phone at (310) 843-9300, facsimile (310) 843-9304, or email jstern@wpcapital.com.
NIVS IntelliMedia Technology Group designs, manufactures and sells audio and visual consumer products in China and elsewhere worldwide including markets in Europe, Southeast Asia and North America.
For more information, please contact:
NIVS IntelliMedia Technology Group
Jason Wong
Vice President Investor Relations
Tel: +86-752-312-5862
Email: jason@nivsgroup.com
Investors:
Stephanie Carrington / Ashleigh Barreto
The Ruth Group
Tel: +1-646-536-7017 / 7028
Email: scarrington@theruthgroup.com
abarreto@theruthgroup.com
