Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Pro-Active’s Research Report an...
Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />NIVS IntelliMedia develops, pro...
Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />
Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Key Point:<br />The company has...
Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Note: 2009 Estimate $172-186M<b...
Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />
Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />The Company and its Products<br...
Their products are distributed on a global basis, with China and Asia currently their largest markets.</li></li></ul><li>P...
Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />NIV is a Leader in Intelligent ...
Voice activation platform controls household appliances
Software based on embedded real‐time LINUX operating system
Higher gross margins compared to standard AV products </li></li></ul><li>Pro-Active Capital Resources Group<br />NIV Intel...
Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br /><ul><li>Pioneer in intelligent ...
Collaboration with Chinese Academy of Science to develop speech interactive technologies
Strong relationships with Chinese and international OEM customers</li></li></ul><li>Pro-Active Capital Resources Group<br ...
State‐of‐the‐art design and manufacturing capabilities</li></li></ul><li>Pro-Active Capital Resources Group<br />NIV Intel...
Strong global OEM and private label distribution partners
Demonstrated cost‐savings and performance advantage</li></li></ul><li>Pro-Active Capital Resources Group<br />NIV Intellim...
Build partnerships with new and existing clients
Expand the company’s global presence</li></li></ul><li>Pro-Active Capital Resources Group<br />NIV Intellimedia Technology...
Augment marketing and promotion efforts to increase brand awareness</li></li></ul><li>Pro-Active Capital Resources Group<b...
Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Market Data<br />52-Week High/L...
Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Market Data<br />Market Capital...
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NIVS Intellimedia Technology

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NIVS Research Report from Pro-Active Capital Resources Group, LLC

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NIVS Intellimedia Technology

  1. 1. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Pro-Active’s Research Report and Update, 21 May 2009<br />
  2. 2. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />NIVS IntelliMedia develops, produces and sells audio, video and other consumer electronics products. Their products are sold on a brand name and OEM basis globally with their revenues currently generated primarily in China and Asia.<br />
  3. 3. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />
  4. 4. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Key Point:<br />The company has demonstrated excellent revenue growth…<br />
  5. 5. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Note: 2009 Estimate $172-186M<br />
  6. 6. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />
  7. 7. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />The Company and its Products<br /><ul><li>The company has developed an established brand name in China.
  8. 8. Their products are distributed on a global basis, with China and Asia currently their largest markets.</li></li></ul><li>Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Company Products Include:<br />LCD Televisions <br />Digital Set‐top Boxes<br />Stereo Systems<br />DVD Players<br />GPS Systems<br />MP3 / MP4 players<br />
  9. 9. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />NIV is a Leader in Intelligent AV Products <br /><ul><li>Portfolio of 20 product lines, including voice interaction platform for LCD TVs, speaker systems, DVD players, GPS systems •
  10. 10. Voice activation platform controls household appliances
  11. 11. Software based on embedded real‐time LINUX operating system
  12. 12. Higher gross margins compared to standard AV products </li></li></ul><li>Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />
  13. 13. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br /><ul><li>Pioneer in intelligent Diverse portfolio of standard AV products AV products utilizing Mandarin speech control interface
  14. 14. Collaboration with Chinese Academy of Science to develop speech interactive technologies
  15. 15. Strong relationships with Chinese and international OEM customers</li></li></ul><li>Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />NIVS is a Technology Leader<br /><ul><li>Emerging global leader in intelligent AV consumer electronics
  16. 16. State‐of‐the‐art design and manufacturing capabilities</li></li></ul><li>Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />NIVS has an Effective Marketing Strategy<br /><ul><li>Products distributed in China under NIVS and OEM brand names
  17. 17. Strong global OEM and private label distribution partners
  18. 18. Demonstrated cost‐savings and performance advantage</li></li></ul><li>Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />COMPANY GOALS and EXPANSION PLANS<br /><ul><li>Expand and diversify the company’s product offerings
  19. 19. Build partnerships with new and existing clients
  20. 20. Expand the company’s global presence</li></li></ul><li>Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />COMPANY GOALS and EXPANSION PLANS<br /><ul><li>Expand the company’s sales network and distribution channels in China
  21. 21. Augment marketing and promotion efforts to increase brand awareness</li></li></ul><li>Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />NIVS IntelliMedia Technology<br />NIV (NYSE Alternext US) $2.75<br />Pro-Active Rating: Buy<br />Price Target: L/T $12.00<br />
  22. 22. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Market Data<br />52-Week High/Low* $5.50/$2.19<br />Ave. Daily Volume* 147,000 sh<br />Shares Outstanding (approx) 40.7 mil sh<br />Fully Diluted (approx) 40.7 mil sh<br />Public Float (approx) 8.27 mil sh<br />
  23. 23. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Market Data<br />Market Capitalization (Fully Diluted approx) $112 mil<br />Cash & Equivalents (3/31) $2.18 mil<br />Restricted Cash (3/31) $12.73 mil<br />Book Value (approx) $1.41<br />Short-term Debt (approx 3/31)* $55.18 mil<br />Long-term Debt (approx 3/31)* $0<br />Total Debt (approx 3/31)* $55.18 mil<br />Total Debt/Equity (approx)* 96%<br />Total Debt/Total Capitalization (approx)* 49%<br />
  24. 24. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Recommendation History: Pro-Active Research Group, a division of Pro-Active Capital Group, LLC, initiated coverage of NIVS IntelliMedia Technology Group, Inc. on March 16, 2009 with a Buy recommendation and the following price target:<br />L/T $12.00<br />Rating System: Pro-Active Research has a three-tier rating system: Buy, Hold, Sell. Pro-Active Research also issues non-rated informational reports.<br />Coverage Universe: 100% Buy<br />
  25. 25. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />DISCLAIMER:<br />The information herein is believed to be reliable and has been obtained from public sources believed to be reliable. We make no representation as to the accuracy or completeness of such information. Opinions, estimates and projections in this report constitute the current judgment of the author as of the date of the report and are subject to change without notice. We have no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate, or if research on the<br />subject company is withdrawn.<br />
  26. 26. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />DISCLAIMER continued:<br />This report is provided for informational purposes only. It is not to be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any financial instruments or to participate in any particular trading strategy in any jurisdiction. Opinions and recommendations in our reports do not take into account individual investor circumstances, objectives, or needs and are not intended as recommendations of particular securities or strategies to particular investors. The recipients of our reports must make their own independent decisions regarding any securities mentioned in our reports.<br />This report may not be reproduced, distributed or published by any person for any purpose without the prior written consent of Pro-Active Research Group.<br />This report was created on May 21, 2009 from information publicly known as of May 21, 2009. Material developments may have occurred in the interim. Neither Pro-Active Research Group nor the analyst accepts any responsibility for any material change concerning the company since this report was prepared.<br />
  27. 27. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />DISCLOSURES<br />Pro-Active Capital Group received 50,000 shares of stock and will be receiving $2,000/month (contracted for a minimum of three months) from NIVS IntelliMedia in return for a comprehensive set of services, including equity research provided by Pro-Active Research Group.<br />Pro-Active Capital, its representatives, and affiliated companies may beneficially own 1% or more of a class of common stock or other securities of NIVS IntelliMedia Technology Group, Inc. (“NIV”), and may also be short the common stock or other securities of NIVS IntelliMedia.<br />
  28. 28. Pro-Active Capital Resources Group<br />NIV Intellimedia Technology Group (AMEX: NIV)<br />Analyst Certification<br />The analysts named in this report hereby certify that their views about the company are accurate and they have not and will not<br />receive direct compensation in exchange for providing specific recommendations in this report.<br />PRO-ACTIVE RESEARCH GROUP, INC.<br />A DIVISION OF PRO-ACTIVE CAPITAL RESOURCES, LLC<br />50 Broad Street, Suite 1437<br />New York, NY 10004<br />646 315 7070<br />www.pro-activecapital.com<br />
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