Marbridge Daily

<- June 03, 2011 ->

NIVS Delisting Hearing Set for Mid-June

PR Newswire Asia, 6/02/11

Chinese consumer audio and video electronics manufacturer NIVS IntelliMedia Technology Group (NYSE Amex: NIV) today announced that on May 31, 2011, NIVS received a notification from the NYSE Amex LLC advising that the company's delisting hearing date has been postponed to June 15, 2011.

On April 5, the NYSE filed a delisting application with the U.S. Securities and Exchange Commission (SEC). NIVS appealed the decision and was granted a hearing before a Listing Qualifications Panel, scheduled for June 2, 2011. On May 27, 2011, NIVS requested a short continuance of the June 2, 2011 hearing, which request was granted by the Exchange on May 31, 2011, and the hearing is now scheduled for June 15, 2011.

Editor’s Note: For more information on this topic, please see “[url=]NIVS Receives Additional NYSE Delisting Notice[/url],” MD 5/20/11 issue.

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