Nova LifeStyle Announces Repeat Purchase Orders from Nebraska Furniture Mart, a Berkshire Hathaway Company

LOS ANGELES, Feb. 18, 2015 /PRNewswire/ -- Nova LifeStyle, Inc. (NASDAQ-GM: NVFY), a U.S.-based fast growing, innovative designer, manufacturer and distributor of modern LifeStyle furniture, today announced additional purchase orders from Nebraska Furniture Mart, an Omaha-based subsidiary of Berkshire Hathaway Inc., to supply furniture to Grandscape in Dallas, Texas. These purchase orders are in addition to the purchase orders previously announced in October 2014.

Grandscape is a new real estate development expected to open in the spring of 2015.  The development will cover 90 acres, with a 560,000 sq. ft. retail furniture and home wears showroom and a 1.3 million sq. ft. distribution center.   Grandscape is expected to attract 8 million visitors its first year.

"This second round of purchase orders from Nebraska Furniture Mart is one more step forward 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 Grandscape, which is set to be the largest furniture space 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 Americas that's in line with our growth initiatives."

As an important partner of Nebraska Furniture Mart, Nova has been invited to an exclusive charitable event, with Warren Buffet, to celebrate the grand opening of Grandscape.  Nova LifeStyle management will attend the April 2015 event.

For more information on Nova LifeStyle products and brands please visit: http://www.novalifestyle.com/index.php

About Nebraska Furniture Mart

Nebraska Furniture Mart is the largest single-volume shopping destination for furniture, flooring, appliances and electronics in the United States. NFM is based in Omaha, Nebraska, with stores in Omaha, Kansas City and Des Moines. NFM draws loyal customers from more than 200 miles away, with more than 98% returning to shop again.

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: (212) 896-1225
[email protected] 

SOURCE Nova LifeStyle, Inc.

Related Links

http://www.novalifestyle.com