ORLANDO, Fla., March 28, 2011 (GLOBE NEWSWIRE) -- RedChip Research™, a division of RedChip Companies, Inc., today announced it has suspended research coverage on NIVS IntelliMedia Technology Group, Inc. pending the resolution of outstanding issues identified by the Company's recently dismissed independent auditor.
RedChip's analyst rating, estimates, and price target are no longer active.
About RedChip Companies, Inc.
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Disclosure
None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. NIVS IntelliMedia Technology Group, Inc., paid RedChip Visibility, a division of RedChip Companies, Inc., $25,000 for RedChip Visibility Program services, which included the preparation of the equity research report(s). RedChip Companies, Inc., employees and affiliates may maintain positions and buy and sell the securities or options of the issuers mentioned herein. The equity research report(s) are prepared for informational purposes only and are paid for by the company portrayed in the report. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.
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