Nova LifeStyle Announces Leadership Change
10 Oktober 2016 - 1:00PM
Nova LifeStyle, Inc. (NASDAQ:NVFY) (“Nova
LifeStyle” or the “Company”), a U.S.-based, leading innovative
designer, manufacturer and distributor of modern life style
furniture, today announced that Mr. Ya Ming “Jeffrey” Wong has
resigned as Chief Executive Officer (“CEO”) in order to pursue
other opportunities. Before his resignation, Mr. Wong’s
primary responsibilities at the Company was to operate and oversee
manufacturing facilities and business in mainland China. Mr. Wong’s
departure was not due to any disagreements with the Company or
Board of Directors and was a voluntary decision resulting from the
Company’s recent agreement to sell its China-based business.
The Board of Directors has appointed Company Chairperson and
President Ms. Tawny Lam to serve as Interim CEO.
Ms. Lam stated, "On behalf of the Board, I would
like to thank Jeffrey for his leadership and commitment in helping
us build Nova LifeStyle into the company it is today. With
the impending sale of our China business we appreciate Jeffrey’s
desire to seek other opportunities and we wish him well in his
future endeavors. I would also like to thank the Board of
Directors for its support in electing me Interim CEO and I am
excited to continue building our e-Commerce business and
distribution center in North America.”
About Nova LifeStyleNova
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 StatementAll
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.
Company Contact:
INVESTOR RELATIONS:
The Equity Group Inc.
In U.S.
Adam Prior, Senior Vice President
+1 (212) 836-9606
aprior@equityny.com
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