Seeking Alpha

QualityStocks'  Instablog

Send Message
QualityStocks ( assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • NIVS IntelliMedia Technology Group, Inc. (NIV) to Enter into Indian Mobile Phone Market with $1.7 Million Contract 0 comments
    Feb 16, 2011 11:51 AM | about stocks: NIVS
    Today, consumer electronics company NIVS IntelliMedia Technology Group, Inc. announced that it is breaking into the Indian telecommunications market through a contract for approximately $1.7 million in custom mobile phones. A tentative agreement for the custom handsets was originally signed in November 2010, contingent upon approval of a 2,000 unit test-run in January 2011. Based on the test-run’s success, NVIS will start production of the remainder of the $1.7 million worth of units immediately.

    India has seen very strong growth in mobile phone market in the last few years. According to the Telecom Regulatory Authority of India, the country currently has the 2nd largest mobile phone market after China, with an estimated 752 million mobile phone subscribers. The custom handsets will be sold under the NIVS name and will be marketed as a mid-level phone in India.

    Tianfu Li, NIVS’ Chairman and CEO, commented, “We are pleased to announce our first mobile phone contract to the Indian market. The contract is for a minimum of $1.7 million with the potential for more, based on our initial negotiations with the distributor. This order is a significant milestone for NIVS, as it not only represents our first expansion of NIVS branded cell phones outside of China’s domestic market, it also represents a new revenue opportunity as we begin to cater to India’s burgeoning population and rapidly expanding network of mobile phone subscribers.”

    Please see disclaimer on QualityStocks website:

    Stocks: NIVS
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.