NIVS IntelliMedia Technology Group Added to Membership of Russell 3000 Index

HUIZHOU, China, June 29 /PRNewswire-Asia-FirstCall/ -- NIVS IntelliMedia
Technology Group, Inc., (NYSE Amex: NIV) ("NIVS" or "the Company"), an
integrated consumer electronics company that designs, manufactures, markets
and sells intelligent audio and video products, today announced the Company is
being added to the Russell 3000(R) Index after the equity markets close on
June 29th as Russell Investments reconstitutes its comprehensive family of
global indexes.
Membership in Russell's 21 U.S. equity indexes is determined strictly by
market capitalization rankings and style attributes rather than by subjective
opinion or committee decisions. Russell indexes are widely used by managers
for index funds and as benchmarks for both passive and active investment
strategies. Investment managers who oversee these funds purchase shares of
member stocks according to that company's weighting in the particular index.
Mr. Tianfu Li, Chairman and CEO of NIVS, stated, "Joining the Russell
3000(R) Index is a great moment in our company's history. Our addition is a
reflection of the rapid progress we have made since we listed our shares on
the NYSE Amex Stock Exchange in March earlier this year. We believe that our
inclusion in this index will help increase our visibility among investors and
contribute to our efforts to increase shareholder value."
About NIVS IntelliMedia Technology Group, Inc.
NIVS IntelliMedia Technology Group is an integrated consumer electronics
company that designs, manufactures, markets and sells intelligent audio and
video products in China, Greater Asia, Europe, and North America. The NIVS
brand has received "Most Popular Brand" distinction in China's acoustic
industry for three consecutive years, among numerous other awards. Ranked
43rd on Forbes' Top 100 Chinese Research and Development Companies, NIVS has
developed leading Chinese speech interactive technology, which forms a
foundation for the Company's intelligent audio and visual systems, including
digital audio, LCD televisions, digital video broadcasting ("DVB") set-top
boxes, peripherals and more.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the
business of the Company and its subsidiary companies. These forward looking
statements are often identified by the use of forward-looking terminology such
as "believes, expects" or similar expressions. Such forward looking statements
involve known and unknown risks and uncertainties, including, but not limited
to the Company's reliance on its major customers for a large portion of its
net sales; the Company's ability to develop and market new products; the
Company's ability to continue to borrow and raise additional capital to fund
its operations; the Company's ability to collect aging trade receivables and
the effect of a growing doubtful account allowance; the Company's ability to
accurately forecast amounts of supplies needed to meet customer demand;
exposure to market risk through sales in international markets; the market
acceptance of the Company's products; exposure to product liability and defect
claims; fluctuations in the availability of raw materials and components
needed for the Company's products; protection of the Company's intellectual
property rights; changes in the laws of the PRC that affect the Company's
operations; development of a public trading market for the Company's
securities; and the cost of complying with current and future governmental
regulations and the impact of any changes in the regulations on the Company's
operations. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including the discussed above and in the Company's periodic reports
that are filed with the Securities and Exchange Commission and available on
its website (www.sec.gov). All forward-looking statements attributable the
Company or to persons acting on its behalf are expressly qualified in their
entirety by these factors other than as required under the securities laws.
The Company does not assume a duty to update these forward-looking statements.
SOURCE NIVS IntelliMedia Technology Group, Inc.

Jason Wong, Vice President Investor Relations, +86-138-2991-6919,
jason@nivsgroup.com; or Investors: In China, Michael Tieu, +86-10-6599-7960,
michael.tieu@icrinc.com, or In the U.S., Brian M. Prenoveau, CFA,
+1-203-682-8200, brian.prenoveau@icrinc.com, both of ICR