August 26, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — NIVS IntelliMedia Technology Group, Inc. (AMEX: NIV), a consumer electronics firm, said it has substantially completed phase two development of its new production facilities. According to NIVS, the work has included the build-out of over 50,000 square meters that house four new production lines and two new dormitories. The company said that the new production facilities will be utilized primarily for mobile phone and flat panel TV manufacturing.

NIVS said it expects that the new facilities will become operational sometime in the third quarter. The company said it believes the new facilities will accommodate the future growth of the business for the foreseeable future.

China-based NIVS IntelliMedia Technology Group is an integrated consumer electronics company that designs, manufactures, markets and sells audio and video products in China, Greater Asia, Europe, and North America.

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