Nova LifeStyle Inc. Provides Update on Successful Las Vegas Market 2021 Tradeshow
01 September 2021 - 2:45PM
Nova LifeStyle, Inc. (NASDAQ:
NVFY) (“Nova
LifeStyle” or the “Company”) is pleased to announce, Diamond Sofa,
a wholly owned subsidiary of the Company, participated at
Las Vegas Market Summer 2021 which took place August
22 - 26.
Las Vegas Market (LVMKT) showcased thousands of
home furnishings lines on one easy-to-navigate campus, highlighting
West Coast style and exclusive designs. Within four connected
buildings and more than 4 million square feet of permanent and
temporary showrooms, LVMKT showcases a comprehensive cross-category
product offering of the latest introductions and proven
best-sellers.
"We are very pleased to receive the positive
feedback from current and prospective clients like Rapport, Lamps
Plus, Regency, Coco Furniture Gallery and Slumberland with 120
stores across twelve states as well as the interaction we had with
manufacturers, retailers and other businesses that support the
furniture business," Tawny Lam, Chairperson and Chief Executive
Officer of Nova LifeStyle stated. “We are very proud to have
launched several new upholstery collections, that capture the
latest in-demand style while incorporate modular aspect and
flexibility with comforts.”
“The past two years has presented unprecedented
challenges, but it has also illustrated to us the importance of
business relationships and managing for the turnaround which
required investments on our end, including having the proper
inventory levels to support the demand,” concluded Ms. Lam.
The Diamond Sofa showroom saw a steady flow of
buyers attracted by fresh product introductions and product
availability. Buyers at the show included US top-100 and
international retailers, in addition to interior and event
designers in the trade. In an industry fraught with pandemic-driven
uncertainties amidst ocean freight price increases and shortages,
Diamond Sofa achieves distinction with immediately available stock
and continual introductions of excited products, as highlighted by
industry publication Furniture Today in its opening day Market
Issue article “Getting back to business”.
About Nova LifeStyle
Nova LifeStyle, Inc. is a well-established,
innovative designer and distributor of modern lifestyle furniture;
primarily sofas, dining room furniture, cabinets, office furniture
and related components, bedroom furniture, and various accessories,
in matching collections. Nova LifeStyle’s product lines include the
Nova Brands and Diamond Sofa (www.diamondsofa.com). Nova's products
feature urban contemporary styles that integrate comfort and
functionality, incorporating upscale luxury designs which appeal to
middle and upper middle-income consumers in
the USA, China, Europe, and elsewhere in the
world.
Visit Nova LifeStyle's website
at www.NovaLifeStyle.com.
Forward-Looking Statements
This press release may contain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including, among others, our ability to fully
resume our operations and remain financially healthy, our expected
future growth prospects. All statements other than statements of
historical fact are, or may be deemed to be, forward-looking
statements. In some cases, forward-looking statements can be
identified by the use of forward-looking terms such as
“anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,”
“may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,”
“objective,” “projection,” “forecast,” “goal,” “guidance,”
“outlook,” “effort,” “target,” “trajectory,” “focus,” “work
to,” “attempt,” “pursue,” or the negative of these terms or other
comparable terms. However, the absence of these words does not mean
that the statements are not forward-looking. These forward-looking
statements are based on certain assumptions and analyses made by us
in light of our experience and our perception of historical trends,
current conditions and expected future developments, as well as
other factors we believe are appropriate in the circumstances.
Investor Relations Contact Andrew
Barwicki 516-662-9461 Andrew@barwicki.comir@novalifestyle.com
Photos accompanying this announcement are available at:
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https://www.globenewswire.com/NewsRoom/AttachmentNg/fa6e824f-4f9f-405a-bed2-eb03f3e4a43d
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