AIVtech Receives a $1.1 Million European Order for LED-Backlit LCD TVs

SHENZHEN, China, July 8 /PRNewswire-Asia-FirstCall/ -- AIVtech International Group Co. (OTC Bulletin Board: ECOH) ("AIVtech" or the "Company"), a provider of consumer electronics products in both domestic and international markets, today announced the receipt of a follow-on order for LED-backlit LCD televisions from Europea Trade N.V. ("Europea Trade")

On June 29, 2010, the Company entered into a sales contract with Europea Trade valued at USD $1.1 million for the manufacture of 15,000 LED-backlit LCD TVs. This is an original-design manufacturing (ODM) contract with Europea Trade and its trading partner-Q Media-to manufacture LCD TVs 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.

"We launched production of LED-backlit LCD televisions in April 2010 and expect LED TVs to contribute a sizable portion of our revenue in 2010," said JinLin Guo, AIVtech's Chairman and CEO. "We have already established relationships with many well-known European retailers and distributors and have obtained excellent feedback following our first order from Europea Trade in June. We plan to leverage these kinds of relationships to create global recognition for our LED-backlit LCD TV brand."

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.
     Email: [email protected]
     Tel:   +86-755-2533-3022

    Investor Relations Contact:
     Mr. John Harmon, Sr. Account Manager
     CCG Investor Relations
     Email: [email protected]
     Tel:   +1-646-833-3424

SOURCE AIVtech International Group Co.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED