NIVS IntelliMedia Technology Group Wins New $20 Million Notebook Contract

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 it has won a contract worth approximately US$20 million to supply OEM notebooks to a Hong Kong-based distributor (the "Distributor").

Under the terms of the contract, NIVS will manufacture and assemble 30,000 notebook units for the Distributor from now until the end of 2009. The Distributor will then sell the OEM notebooks to end customers in overseas markets. The contract will be reviewed at the end of the year. This is the first contract for the production of notebooks that the Company has received to date.

"We are very pleased to be launching a notebook manufacturing business," said Mr. Tianfu Li, Chairman and CEO of NIVS. "Our existing facilities are well prepared for the new product line manufacturing, and this will be a great opportunity for NIVS to leverage our technical expertise into a new vertical market. Taking advantage of many of the Company's strengths, including technical know-how, brand awareness, professional workforce and our manufacturing facilities, the new contract win will jumpstart our presence in the computer industry, increase our competitiveness and achieve greater synergies across all our product offerings. We believe that launching a notebook product line will not only enhance our existing product portfolio but also set a strong pace to continue our goal of broadening our distribution networks and launching new products to extend the value of our existing investments. We are confident that this new contract win, as well the continued growth across all of our existing product lines, are strong validation of our vision to become China's preeminent integrated consumer electronics company, and will ultimately create more value for our shareholders."

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.