Nova LifeStyle, Inc. Announces Purchase Order Fulfilled with IKEA China

LOS ANGELES, Sept. 9, 2014 /PRNewswire/ -- Nova LifeStyle, Inc. (NASDAQ-GM: NVFY), a U.S.-based fast growing, innovative designer, manufacturer and distributor of modern LifeStyle furniture, today announced the receipt and fulfillment of an initial purchase order with IKEA, the privately owned Swedish furniture seller.  The first of three monthly shipments will go out this week to IKEA's distribution center in Shanghai, China.  Production of the furniture is ongoing at the 15,000 square meter production line, which meets IKEA's stringent manufacturing specifications at Nova's factory in Dongguan, China.

"Once this initial shipment is received, we will begin production on the remaining two purchase orders for 2014," commented Jeffrey Wong, CEO, Co-Founder of Nova LifeStyle, Inc., "We have worked hard to build this relationship with IKEA and are excited to add this to our growing China distribution and sales.  This is a milestone achievement for Nova."

IKEA, the world's largest furniture chain with global sales estimated at over $35bn for 2013, owns and operates 350 stores in 43 countries, with four of IKEA's five largest stores located in China.

"We are very pleased to have met the prerequisites to become an IKEA supplier, which included approval of our cost effective, state of the art "green" manufacturing facility," stated Tawny Lam, President of Nova LifeStyle, Inc.  "IKEA also has strict price-point, manufacturing capacity and delivery requirements and we feel very strongly that we will continue to meet these requirements and become a regular supplier to IKEA in China."  

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.

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.