Nova LifeStyle Announces New Direction to Capitalize on the Growing Staging and Furniture Rental Market
20 November 2018 - 1:45PM
Nova LifeStyle, Inc. (NASDAQ: NVFY), a leading
U.S.-based, innovative designer and distributor of modern LifeStyle
home products, today announced that the Company received multiple
orders totaling over $1.0 million to supply rental furniture for
professional and corporate residential customers from Barsala,
LLC.
Barsala is a North American provider of
corporate housing and furnished luxury suites. These latest orders
are destined for projects in Boston, Seattle, Chicago, Portland and
San Diego.
Tawny Lam, Chief Executive Officer of Nova
LifeStyle, commented, "We have continued to explore new
opportunities to leverage our leading Diamond Sofa brand throughout
the North American market. Recently, we have seen tremendous
potential in a growing staging market, where our customers can
provide a distinctive, modern and elegant furnishing solution to
their renter and office professional customers. This
represents a new direction for Nova LifeStyle, and serves as an
incremental expansion of our existing retail and e-commerce
businesses. We are very pleased to have received initial
orders from Barsala and expect to continue this partnership well
into the future.”
About Nova LifeStyleNova
LifeStyle, Inc., a NASDAQ Global Market listed company
headquartered in California, is a fast growing, innovative designer
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 that include
LifeStyle brands such as Diamond Sofa, Nova QwiK, and Bright
Swallow International. Nova's products feature urban contemporary
styles that integrate comfort and functionality, incorporating
upscale luxury designs appeals to middle and upper middle-income
consumers in the U.S., China, Europe, and elsewhere in the world.
Visit Nova LifeStyle’s website at www.NovaLifeStyle.com.
Company Contact:Investor
Relations:The Equity Group Inc.In U.S.Adam Prior, Senior Vice
President+1 (212) 836-9606aprior@equityny.com
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/ec955173-379b-49e8-a04e-50aa6f68532f
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