Nova LifeStyle, Inc. ( OTCQB : STVS ) (website: www.novalifestyle.com), a rapidly growing U.S. based designer, manufacturer and global distributor of urban contemporary furniture, reported today that the Company was the subject this past week of a feature article in the Los Angeles Business Journal entitled "Foreign Exchange," written by business reporter James Rufus Koren.
The primary focus of the article is the Company's newest business, selling self-manufactured "Made in the USA" luxury mattresses in China. As previously announced, the Company launched this business over the summer, with initial shipments in July to a select number of Nova Lifestyle franchise stores in China.
Quoting Nova LifeStyle's president, Ms. Tawny Lam and Mr. Sammy Ho, CFO, the article notes the "big opportunity" the Company sees in selling its new line of American made mattresses, and that selling these and other American made luxury products "is a key part of the Company's long term strategy."
The article has been posted on the Nova Lifestyle website and can be accessed at:http://novalifestyle.com/20120911
About Nova LifeStyle, Inc.
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, cabinets and bedrooms in matching collections. Nova's products are made in the U.S., Asia and its state of the art factory in Dongguan, China. Nova's collections of LifeStyle furniture brands include Diamond Sofa (www.diamondsofa.com), Colorful World, Giorgio Mobili and others. Nova's products feature urban contemporary styles with comfort and functionality 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 visitwww.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.