SHENZHEN, China, July 14 /PRNewswire-Asia/ -- AIVtech International Group Co. (OTC Bulletin Board: ECOH) ("AIVtech" or the "Company"), a provider of consumer electronics products in both Chinese and international markets, today announced the receipt of a follow-on order for LED-backlit LCD televisions from Europea Trade N.V. ("Europea Trade"), representing the third order received from Europea Trade in recent months.
On July 8, 2010, the Company received a follow-on order from Europea Trade valued at USD $2.6 million for the manufacture of 18,000 LED-backlit LCD TVs, comprised of 10,000 TV sets with 21.6" screens and 8,000 TV sets with 18.5" screens. This is an original-design manufacturing (ODM) contract with Europea Trade for televisions that employ LED backlighting, which offers improved lifetime, brightness, and picture quality versus traditional fluorescent tube-backlit LCD TVs.
Founded in 1991, Europea Trade has become one of the leading distributors of information and communication technology (ICT) and home entertainment products in Europe, delivering to over 2,000 retail outlets in the Benelux countries alone. Europea Trade offers a full line of premium brands as well as tailor-made products in various categories such as navigation, MP3 players, monitors, televisions, notebooks, software, and DVD products.
"This is the third order we have received from Europea Trade over the past few months. We expect our LED-backlit LCD TVs to experience rapid growth during the remainder of the year," said JinLin Guo, AIVtech's Chairman and CEO. "We are pleased to have received multiple orders from this customer, which is a strong validation of our product's quality and performance, and we hope to leverage this relationship to obtain future orders for our LED TVs."
About AIVtech International Group Co.
AIVtech International Group Co. is the parent company of wholly owned Shenzhen AIVtech Company Limited ("Shenzhen AIVtech"), which owns 70% of Dongguan AIVtech Company Limited ("Dongguan AIVtech"). AIVtech's founder, Chairman, and CEO JinLin Guo owns the remaining 30% of Dongguan AIVtech. Founded in 2004, the Company focuses on the integration of electronic products, such as multimedia speakers and video games, with furniture and has coined the term "electronic furniture" to describe its products. The Company has three major product categories: (1) electronic furniture, including video chairs with built-in speakers and vibration, as well as leisure furniture with built-in audio/video systems; (2) multimedia/digital speakers; and (3) LCD/LED televisions. For more information, visit http://www.aivtechgroup.com .
Forward-Looking Statements
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which are relevant as of the date of the given press release and should not be relied upon as of any subsequent date. AIVtech International Group Co. undertakes no obligation to update the forward-looking information contained in this press release.
For more information, please contact:
Company Contact:
Mr. Terry Liao, Vice President
AIVtech International Group Co.
Phone: +86-755-2533-3022
Email: terryliao@aivtechgroup.com
Investor Relations Contact:
Mr. John Harmon, Sr. Account Manager
CCG Investor Relations
Phone: +1-646-833-3424
Email: john.harmon@ccgir.com
