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WestPark Capital Closes Fifth WRASP Deal March 18, 2009 LOS ANGELES, March 18, 2009 — WestPark Capital, Inc. announced the closing of a WRASP for NIVS IntelliMedia Technology Group, Inc. (NYSE Amex: NIV). A WRASP is an alternative capital markets transaction process where a private company goes public through a reverse merger, with its common stock trading directly on the NYSE Amex or another senior exchange. A WRASP involves a series of related transactions managed by WestPark Capital, Inc. (“WestPark”) a FINRA registered broker-dealer. The NIVS IntelliMedia Technology Group WRASP transaction raised approximately $14 million of equity capital for the company and represents the fifth WRASP completed by WestPark. “WestPark’s WRASP is an innovative way to allow companies to raise equity capital and achieve liquidity in the U.S. public capital markets,” stated Richard Rappaport, CEO of WestPark Capital. “We are extremely pleased to be the first Chinese company to raise capital and list on the NYSE Amex since NYSE’s Euronext acquisition of the former American Stock Exchange, and the second Chinese listing on the NYSE Euronext markets in 2009,” added Tianfu Li, Chairman of NIVS IntelliMedia Technology Group. WestPark Capital, Inc. was the sole underwriter for the NIVS IntelliMedia Technology Group offering. The registration statement related to these securities has been declared effective by the Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is made only by prospectus. A copy of the final prospectus may be obtained from WestPark Capital, Inc., 1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067, by telephone (310) 843-9300, facsimile (310) 843-9304. About WestPark Capital, Inc. WestPark Capital is a leading investment banking and securities brokerage firm serving the needs of private and public growth companies worldwide. WestPark is committed to forging lasting partnerships with emerging growth companies and the investors who back them. WestPark provides a comprehensive range of corporate finance services, including WRASP transactions, initial public offerings, reverse mergers, follow-on offerings and private placements, and financial advisory services. Additional information about WestPark Capital, Inc. is available at www.wpcapital.com. About NIVS IntelliMedia Technology Group, Inc. NIVS IntelliMedia Technology Group is engaged in the design, manufacture, marketing and sale of audio and video consumer products. NIVS’ products include digital audio systems, televisions, digital video broadcasting (“DVB”) set-top boxes, DVD players, as well as peripheral and accessory products such as remote controls, headphone sets and portable entertainment devices (MP3/MP4 players). NIVS has invested substantial resources in the research and development of its intelligent audio and video consumer products, most of which utilize its Chinese speech interactive technology to permit users to control its products through the user’s spoken commands. NIVS’ products are distributed worldwide, including markets in Europe, Southeast Asia and North America. | International Locations* Beijing, China Shanghai, China Hong Kong Taipei, Taiwan |