Nova LifeStyle, Inc. ("Nova") Announces the Completion of the Integration of the Bright Swallow International Group
LOS ANGELES, July 1, 2013 /PRNewswire/ -- Nova LifeStyle, Inc. (OTCQB: STVS) announced today it has completed the integration of Bright Swallow International Group Limited ("Bright Swallow"). Effective in our second quarter of 2013, we have assumed all management and completed the integration for the financial and operation of the Bright Swallow acquisition.
Posting revenues of just over $14M for FY 2012, Bright Swallow's complementary product line and geographical reach will offer Nova LifeStyle, Inc. an ideal opportunity to expand its overall global market presence noting one of Bright Swallow's current clients, Canadian based The Brick Limited (www.TheBrick.com) has over 200 locations in Canada. This new brand also provides Nova LifeStyle, Inc. with an excellent opportunity to market to existing Bright Swallow partners.
Nova LifeStyle, Inc. is very excited by the completion of the integration of Bright Swallow and it will continue to focus on the development of new relationships in its continuous pursuit of creating excellence in the form of fully integrated LifeStyle Home Furnishings Solutions.
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, bedrooms, office furnishings, and accessories in matching collections. Nova's products are made in the US, Europe, and Asia and include LifeStyle brands such as Diamond Sofa (www.diamondsofa.com), Colorful World, and Giorgio Mobili. Nova's products feature urban contemporary styles with 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 www.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.
Nova LifeStyle, Inc.
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