Nova LifeStyle Announces New Purchase Orders from CORT Furniture Rental, a Berkshire Hathaway Company
LOS ANGELES, April 9, 2015 /PRNewswire/ -- Nova LifeStyle, Inc. (Nasdaq: NVFY), a U.S.-based fast growing, innovative designer, manufacturer and distributor of modern LifeStyle furniture, today announced new purchase orders from CORT Furniture Rental, a subsidiary of Berkshire Hathaway Inc. CORT is the latest addition for Nova LifeStyle's ongoing relationship with Berkshire Hathaway Inc.'s other three furniture divisions, namely Nebraska Furniture Mart, Homemakers and RC Willey.
"This new round of purchase orders from CORT Furniture Rental is crucial in our strategy to further increase sales in North America through expanding existing business relationships," stated Tawny Lam, President of Nova LifeStyle. "Furthermore, supplying furniture to CORT, which is set to be one of the largest furniture rental companies in the world to date, is a great opportunity for Nova LifeStyle to extend our footprint into new territories. We are pleased with the continued growth that we are seeing in North America that's in line with our growth initiatives."
As an important partner of four of Berkshire Hathaway Company's furniture divisions, Nova has taken another step in securing market share both in North America and worldwide.
For more information on Nova LifeStyle products and brands please visit: http://www.novalifestyle.com/index.php
About Nova LifeStyle, Inc.
Nova 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 or download the NVFY IRapp from the investor page.
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.
Investor Contact:
KCSA Strategic Communication
Julie Silber
Tel: (310) 766-9760
[email protected]
SOURCE Nova LifeStyle, Inc.
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