AIVtech International Group (OTC: ECOH) focuses on the integration of electronic products, such as multimedia speakers and video games, with furniture and has coined the term "electronic furniture" to describe its products.
17. Income Statement Highlights CONSOLIDATED INCOME STATEMENT ($ Millions) Three Months Ended Sep 30, 2010 Nine Months Ended Sep 30, 2010 2010 2009 2010 2009 Sales, net $27.5 $16.0 $56.2 $27.8 Cost of sales (21.5) (11.7) (42.8) (20.3) Gross profit 6.0 4.3 13.5 7.5 Selling, general and administrative expenses (0.7) (0.5) (1.9) (1.5) Income from operations 5.3 3.8 11.6 6.0 Other income/(expenses) 0.0 0.0 0.0 0.0 Profit before income tax 5.3 3.8 11.6 6.0 Income taxes (0.7) (0.4) (1.5) (0.6) Net income 4.5 3.4 10.1 5.4 Net income per share $0.22 $0.17 $0.49 $0.27
18. Strong Revenue Growth 64% CAGR * 2007 and YTD 2010 figures are unaudited +102% ($ millions)
19. Strong Net Income Growth 107% CAGR +81.6% * 2007 and YTD 2010 figures are unaudited ($ millions)
20. Balance Sheet Highlights * In December 2010, AIVtech raised $7.54 million at $3.00 with 10% warrant coverage at $4.00 (5 years). * Make Good Provisions: 2010 EPS of $0.44 and 2011 EPS of $0.60. CONSOLIDATED BALANCE SHEET ($ Millions) Sep 30, 2010 December 31, 2009 Cash and cash equivalents $3.1* $3.6 Accounts Receivable 10.3 2.0 Other Receivables, net 0.17 0.04 Inventories 3.7 5.1 Total Current Assets 17.2 10.8 Total assets 18.3 11.8 Account Payables and Accrued Expenses 4.3 5.4 Short Term Loan 0.75 - Due to Related Party 4.0 0.029 Current liabilities 10.3 10.1 Total Shareholders’ Equity 8.0 1.7 USE OF PROCEEDS $7.54 Million Equity Financing in December 2010 Working Capital – Video Products
21. Industry Comparables Ticker Price 2/24/11 Shares Out. (MM) Market Cap. ($MM) EV ($MM) TTM Revenue ($MM) EV /TTM Revenue P/E P/BV Op. Margin (%) ROA (%) Company Harman International Industries Inc. NYSE: HAR $46.99 95.27 4,477 4,118 3,480 1.18 14.33 2.56 4.9% 4.03 NIVS IntelliMedia Technology Group Inc. NYSE: NIV $2.69 47.97 129 175 299 0.59 4.01 1.05 12.0% 12.9 Mad Catz Interactive, Inc. AMEX: MCZ $1.55 55.72 86 117 177 0.66 9.12 3.97 10.5% 11.85 Emerson Radio Corp. AMEX: MSN $2.44 27.13 66 53 211 0.25 3.94 1.29 9.5% 15.03 AIVTech International OTCBB: ECOH $2.12 22.8 48 46 67 0.69 3.59 5.89 20.9% 53.4%
22. Management Team Name Position Background Mr. Jinlin Guo Chairman and CEO Founder, professional engineer, many years of design experience Mr. Xiaoyou Luo Vice Manager Professional advanced engineer, many years of design and project management experience Mr. Wenfeng He COO Former controller at Malata group and of Shenzhen Wei Zhi group Mr. Yilin Shi CFO Many years experience as financial manager and controller
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24. Contact Us AIVtech International Group Co. Teli Liao, VP/Secretary of Board PH: +86 755 2533 3022 [email_address] Investor Relations Contact: HSC Global, LLC Alan Sheinwald, President US +1-914-669-8885 Email: alan.sheinwald@hscglobal.net Corporate Information Investor Contact Auditor Counsel Friedman LLP 1700 Broadway New York, NY 10119 Anslow & Jaclin LLP 1350 Avenue of the Americas, 3rd Floor New York, NY 10019