Nova LifeStyle to Showcase Its Latest Furniture Collection at the Winter 2016 Las Vegas Market
12 Januar 2016 - 1:30PM
Nova LifeStyle, Inc. (NASDAQ:NVFY)
("Nova
LifeStyle" or the "Company"), a U.S.-based, innovative
designer, manufacturer and distributor of modern LifeStyle
furniture, today announced that the Company will be debuting a new
line of living room solutions and an expansion of its Stainless
Steel Collection at the annual Las Vegas Market furniture show
which takes place January 24th through January 28th.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/fb3f6edd-d03d-4152-893e-9b737c0ca5bc
http://www.globenewswire.com/NewsRoom/AttachmentNg/206ed3bc-f51f-46e7-906d-1e307e9dda34
http://www.globenewswire.com/NewsRoom/AttachmentNg/15180f8f-da04-4f00-9894-6600533a10b7
Las Vegas Market is held twice a year,
displaying the latest styles in home furnishings, décor, and
gifts. The event offers a comprehensive experience for
industry participants to stay abreast of the latest industry
trends, all under one roof. This year’s event is expected to garner
increased attention following the 2015 holiday shopping season,
which saw the home furnishings category post solid gains according
to initial sales data.
According to a recent MasterCard SpendingPulse
Report, “Americans spent more on items such as furniture during the
holidays this year, with online shopping in particular seeing a big
spike.” i
Ms. Tawny Lam, Nova LifeStyle’s President,
stated, “We are looking forward to attending the Las Vegas Market
once again. The 2015 holiday shopping season saw robust sales
in the home furnishings category in North America, predominantly
driven by increased adoption of online research for consumers
looking for home furnishing solutions. North America is where
our Company reports the predominant portion of its revenues, and we
believe Nova LifeStyle’s combination of innovative, appealing
products enabled us to be well-positioned to capture our share of
that activity. We have cultivated lasting business relationships
past Las Vegas Market events, and are pleased to continue our
partnership with the show in the years to come.”
Nova LifeStyle to Debut New Line of
Products
At Las Vegas Market, the Company will debut a new Annika Sofa
and Loveseat, 20 new accent chairs, and is greatly expanding its
Stainless Steel Collection, which has been tremendously popular
throughout the past year.
Additionally, Nova LifeStyle will showcase new
products and concepts such as the Contempo sectional, which
features adjustable seating, arm rests, lighting and even built-in
phone connectivity (Bluetooth and sound system) that adds value for
buyers who appreciate such details in today’s tech-oriented
lifestyle. Also shown for the first time will be the
new Gemma sectional with adjustable headrests, offering the right
mix of style and value for its growing millennial customer
base.
Mr. Charles Song, Director of Marketing at Nova
LifeStyle, noted, “In 2015, we introduced a variety of new products
which resonated well with customers, enabling Nova to end the year
on a high note. At the event, we expect to build on this
momentum through the introduction of a new line of upholstered
beds, modern living room solutions, and stylish chairs, tables, and
office products. We expect to build upon an increasing
customer appetite for modern, customizable solutions.”
Las Vegas Market Details
For more information regarding the Las Vegas
Market event, please visit: http://www.lasvegasmarket.com/.
Nova LifeStyle’s showroom (under its Diamond Sofa brand) will be
located in Building B; 7th Floor; Booth number B746. Any
interested parties in arranging a private meeting with management
can contact Charles Song, Director of Marketing, at
marketing@diamondsofa.com. Investors or analysts can contact
Adam Prior at aprior@equityny.com. The Company will be
posting pictures of the showroom and event throughout the week on
its website at www.NovaLifeStyle.com.
About Nova LifeStyle
Nova LifeStyle, Inc., a NASDAQ Global Markets
Exchange listed company headquartered in California, is a fast
growing, innovative designer, manufacturer and distributor of
modern LifeStyle furniture; primarily sofas, dining rooms,
cabinets, office furniture and related components, bedrooms, and
various accessories in matching collections. Nova's products are
made in the US, Europe, and Asia and include LifeStyle brands such
as Diamond Sofa, Colorful World, Giorgio Mobili, Nova QwiK, and
Bright Swallow International. Nova's products feature urban
contemporary styles that integrate comfort and functionality
incorporating upscale luxury designs appealing to
LifeStyle-conscious middle and upper middle-income consumers in the
U.S., China, Europe, and elsewhere in the world. To learn more
about Nova LifeStyle, Inc., please visit our website at
www.NovaLifeStyle.com
Safe Harbor Statement
All statements in this press release that are
not historical are forward-looking statements made pursuant to the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. There can be no assurance that actual results
will not differ from the Company's expectations. You are cautioned
not to place undue reliance on any forward-looking statements in
this press release as they reflect Nova's current expectations with
respect to future events and are subject to risks and uncertainties
that may cause actual results to differ materially from those
contemplated. Potential risks and uncertainties include, but are
not limited to, the risks described in Nova's filings with the
Securities and Exchange Commission.
i http://www.dispatch.com/content/stories/business/2015/12/28/1228-furniture-shopping-online-sales-surge-over-holidays.html
Company Contact:
Investor Relations
The Equity Group Inc.
In U.S.
Adam Prior, Senior Vice President
+1 (212) 836-9606
aprior@equityny.com
In China
Katherine Yao, Senior Associate
+86-10-6587-6435
kyao@equityny.com
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