Nova LifeStyle Signs Supplier Agreement With Major European Furniture Retailer Conforama in France and Receives First Order
Company Anticipates Further Geographic Broadening of Its Sales
(firmenpresse) - COMMERCE, CA -- (Marketwire) -- 06/19/12 -- (OTCBB: STVS) an emerging leader in the U.S. and worldwide in self designed and manufactured urban contemporary furniture which is sold on an OEM basis and increasingly under NOVA brand names, announced today that having met rigorous requirements with respect to quality, production capacity and price to quality ratio, among others, it has concluded a supplier contract with Conforama, one of Europe's largest home furnishings retailers. Additionally, it received its first order under the agreement for 4000 items to be delivered by July 31, 2012. The Company added that the potential annual sales indicated by Conforama of the two items being supplied under this initial order are 16,000 pieces.
Mr. Jeffrey Wong, CEO of Nova LifeStyle, commented, "We are extremely proud of the fact that we were selected as a supplier by one of Europe's leading home furnishings companies, which reflects well on our capabilities and continuing growth potential. Further, while we anticipate seeing distribution in France and throughout Europe of the initial OEM products we supply to Conforama, the recent acquisition of Conforama by world leader Steinhoff International Holdings, Ltd., points to further potential global expansion of our sales down the road."
Nova LifeStyle, Inc., a U.S. company headquartered in California, is a fast growing, innovative designer and manufacturer of modern LifeStyle furniture, primarily sofas, dining rooms and cabinets in matching collections. Nova's products are made in the U.S., Asia and its state of the art factory completed in 2011 in Dongguan, China and marketed worldwide. Nova's collections of LifeStyle furniture brands include Diamond Sofa (), Colorful World, Giorgio Mobili and others. Nova's products feature urban contemporary styles with comfort and functionality in matching furniture collections and 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 .
Conforama Holding SA provides furniture, electric household appliance, and computer retailing services. It offers traditional and contemporary furniture, decorative items, home appliances, and consumer electronics; and textiles and general merchandise. The company offers its products through its stores in France and Europe. The company was founded in 1967 and is based in Lognes, France. As of March 18, 2011, Conforama Holding SA operates as a subsidiary of Steinhoff International Holdings Ltd.
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.
Tawny Lam
President
Nova LifeStyle, Inc.
Tel: (323) 888-9999
Email:
Ken Donenfeld
DGI Investor Relations, Inc.
Tel: (212) 425-5700
Email:
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Datum: 19.06.2012 - 05:30 Uhr
Sprache: Deutsch
News-ID 1125496
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