Friday, March 28, 2014 5:51:18 PM
1. They reportedly have been a small to mid-sized growth company since 12-31-10 when it's revenue was $68 million dollars. (**see below 10-K dated 3-31-11);
2. They went dark in North America in early 2012 reportedly to save money on US accountants, lawyers and PR Agencies when the US soured on China stocks and when AIV was in need of cash to open its new LCD/LED PANEL factory. Per the Chinese press, the new monitor/television factory opened in mid-January 2012 to much fanfare and with photographs posted here, showing the factory.
3. In 2013, AIV presented its new OTTER computer reclining chair line at trade shows, including Las Vegas, Nevada.
4. In 2014 , AIV is reported, in reliable industry publications such as OLEDINFO.COM , to be starting production of OLED screens with a 4.5 Gen OTS factory that will produce tens of millions of smart phone and tablet screens per year. This product line has the potential to almost double revenues. http://www.oled-info.com/aiv-bex
5. Company liaisons have communicated in 2012 and 2013 to posters here on IHUB that the company's intention is to return to "filing" and publicizing the company in the USA. This was repeated to a poster on this board during his personal visit to AIV in China at the end of 2013. (See yellow sticky post at the top of page one of the IHUB AIVI Board.)
6. Item #5 above makes sense as the CEO personally owns about 45% of the outstanding 22 million common stock shares. It is in his self interest to stimulate share price when he is ready and when the company financials are the most compelling to the US stock market.
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**:
https://www.sec.gov/Archives/edgar/data/1471302/000121390011001701/f10k2010_aivtech.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2010
OR
¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________ to ____________
Commission File No.: 333-161941
AIVTECH INTERNATIONAL GROUP CO.
(Exact name of Registrant as specified in its charter)
Nevada
N/A
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification Number)
1305 East, Hightech Plaza, Phase 2, Tian'an Cyber Park
Futian District, Shenzhen City, Guangdong Province, China
(Address of principal executive offices)
+86 (139) 2349-3889
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $0.001 par value per share
As of March 31, 2011, the registrant had 22,513,334 shares of its common stock issued and outstanding.
Documents Incorporated by Reference: None. ...
PART I
ITEM 1. BUSINESS
Company Overview
AIVtech International Group Co. (“we,” “us,” “our,” “AIVtech,” or the “Company”) was incorporated pursuant to the laws of Nevada on December 18, 2007. Through our PRC subsidiaries, we engage in the business of designing, manufacturing and selling electronic furniture, digital/multimedia speakers, and LCD/LED television under our own products brand – AIV, which stands for Audio & Interactive Video. Besides our own AIV brand, we also specialize in both Original Equipment Manufacturing (“OEM”) and Original Design Manufacturing (“ODM”) services. We integrate two traditional industries, which are electronics industry and furniture industry, into a new industry – electronic furniture industry.
We generate revenues mainly from the sales of electronic furniture and digital/multimedia speakers. The production of LCD/LED television started in late April 2010. Our net sales revenues for the year ended December 31, 2010 was approximately $68.3 million, representing a 77.6% growth from the year ended December 31, 2009 with net sales revenues of approximately $38.5 million. Our net income for the year ended December 31, 2010 was approximately $11.3 million, an increase of 52.42%, comparing to our net income of approximately $7.47 million for the year ended December 31, 2009.
Corporate ....
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on the March 31, 2011.
AIVTECH INTERNATIONAL GROUP CO.
By:
/s/ Jinlin Guo
Jinlin Guo
President, Chief Executive Officer and
Chairman of the Board of Directors
In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of AIVtech International Group Co. and in the capacities and on the dates indicated.
March 31, 2011
By:
/s/ Jinlin Guo
Jinlin Guo
President, Chief Executive Officer and
Chairman of the Board of Directors
March 31, 2011
By:
/s/ Yilin Shi
Yilin Shi
Chief Financial Officer and Director
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