SHENZHEN, China, May 21 /PRNewswire-Asia/ -- AIVtech Holding (Hong Kong) Limited ("AIVtech" or the "Company"), a wholly-owned subsidiary of Ecochild, Inc. (OTC Bulletin Board: ECOH) announced today that it has retained CCG Investor Relations to design and execute its investor relations campaign. Through its subsidiaries, AIVtech designs, manufactures and markets electronic furniture, digital/multimedia speakers, and LCD/LED televisions.
"We look forward to working with CCG to establish a more effective and transparent communications channel with the global investment community," said Mr. JinLin Guo, Chairman and CEO of AIVtech. "By leveraging CCG's international platform, extensive investor network and expertise, we are committed to active and transparent communications in order to raise our profile and improve investors' understanding of our business strategy and investment outlook. We expect to benefit from strong overseas demand for our high-quality, innovative products to advance the AIVtech brand name in the international marketplace. We're also well positioned to expand our market share by intensifying our focus on delivering superior and innovative products to our customers. We will work diligently to reach our goals of expanding our distribution coverage overseas to become a leading global consumer-electronics company."
AIVtech is a fast-growing manufacturer of high-quality electronic furniture, multimedia speakers and LED televisions. The company's 2009 revenues derived solely from the sales of electronic furniture and digital/multimedia speakers. In April 2010, the Company began production of LED-backlit LCD televisions. For the year ended December 31, 2009, AIVtech reported revenues of $38.5 million, representing 85.4% growth from $20.7 million in 2008. Full-year 2009 net income was $7.5 million, an increase of 91.9% over 2008 net income of $3.9 million.
"We are excited to be working with a client with unique technology, innovative products, and an extensive global reach," said Crocker Coulson, President of CCG. "AIVtech has broad global coverage, and the Company has been recognized as a distinguished manufacturer by its customers in North America, Europe, Southeast Asia, Australia and China. AIVtech differentiates itself from industry peers through its strong brand and strategy for international expansion. We are confident that AIVtech will continue to deliver innovative and quality products as well as maintain effective communications with investors."
About AIVtech
AIVtech is the parent company of wholly owned Shenzhen AIVtech Company Limited ("Shenzhen AIVtech"), which owns 70% of Dongguan AIVtech Company Limited ("Dongguan AIVtech"). AIVtech founder, Chairman, and CEO JinLin Guo owns the remaining 30% of Dongguan AIVtech. Founded in 2004, the company has focused on the integration of electronic products, such as multimedia speakers, video games, etc. 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.aivtech.com .
About CCG Investor Relations
CCG is a leading global investor relations and strategic communications consulting firm. In business for more than 30 years, the agency provides a complete range of investor communications, counseling, and IT and data solutions through our global network to over 300 clients across multiple capital markets. CCG has been awarded a number of industry honors for its handling of complex investor relations and crisis communications matters. The agency is headquartered in Los Angeles and has additional offices in New York, Beijing, Shanghai, Hong Kong, Frankfurt, Sao Paulo and Tel Aviv. For further information, contact CCG directly, or visit the Company's web sites at http://www.ccgir.com and http://www.ccgirasia.com .
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
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 undertakes no obligation to update publicly any forward-looking statements.
For more information, please contact:
Company Contact:
Mr. Terry Liao, Vice President
AIVtech Group Co., Ltd.
Tel: +86-755-8835-3133
Email: terryliao@aivtechgroup.com
Investor Relations Contact:
Mr. John Harmon, Sr. Account Manager
CCG Investor Relations
Tel: +1-646-833-3424
Email: john.harmon@ccgir.com
