Nova LifeStyle Inc.'s Stock (OTCQB: STVS) Perks Up On News Of Acquisition
DENVER, March 27, 2013 /PRNewswire/ -- Over the weekend, ChineseInvestors.COM (OTCQB 'CIIX') CEO Warren Wang announced that "We were pleased to hear that our client, Nova Lifestyle Inc. is continuing to grow its global presence with the announcement of terms for acquisition of the Bright Swallow International Group Limited. This latest addition is particularly relevant to Nova's growing North American market share as it includes an excellent relationship with The Brick Limited, a 200+ furniture store chain serving Canada."
Mr. Wang further commented, "We expect to see continued growth in the overall revenue stream as they focus on expanding their product lines and locations globally. Look for their annual report (10K) filing next week!"
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, and accessories in matching collections. Nova's products are made in the US, Europe, and Asia including 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 based upon 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.
ChineseInvestors.COM is an Indiana Corporation founded in 1999; 'CIIX' provides Chinese real time financial market(s) information through various subscription based products (free and paid) delivered via its website(s) and other media platforms to overseas Chinese. 'CIIX' provides contract client support & sales services, consulting services for private companies (US and global) considering public options in the US, advertising related services, and other related financial service and education based products within both our 'bricks as well as clicks' space.
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This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commissions (SEC) including but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other filings. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion into new related services and there is no assurance that we will generate revenues sufficient to offset those costs. Expansion may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in; the impact of which cannot be predicted at this time. Various investor relation and general awareness services by ChineseInvestors.COM for Nova LifeStyle Inc. are provided in consideration of 100,000 shares of restricted common stock (rule 144) paid to the Company over a specific time period.