NIVS IntelliMedia Technology Group, Inc. (NIVS) is engaged in the design, manufacture, marketing and sale of audio and video consumer products. The Company’s products include digital audio systems, televisions, digital video broadcasting (DVB) set-top boxes, digital versatile disc (DVD) players, as well as peripheral and accessory products, such as remote controls, headphone sets and portable entertainment devices. NIVS’ products are distributed worldwide, including markets in Europe, Southeast Asia and North America. It focuses on home audio and video products, and the two primary categories, in which the Company competes, are standard audio and video equipment (including DVD players and DVB set-top boxes) and intelligent audio and video equipment (traditional video and audio products combined with speech-based interface).