NVFY Nova Lifestyle Inc

Nova LifeStyle Exhibits New Design Line at First High Point Market Furniture Trade Show Following Pandemic

Nova LifeStyle Exhibits New Design Line at First High Point Market Furniture Trade Show Following Pandemic

LOS ANGELES, June 21, 2021 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) is pleased to announce, Diamond Sofa, a wholly owned subsidiary of the Company, has successfully exhibited a new design line at the High Point Market furniture trade show June 5th thru 9th.

Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, “The event is always a special place for our company to display our product lines and interact with buyers from all over the world. We have been very active in our sales and marketing strategy throughout the pandemic as well as speaking and meeting with loyal current and prospective customers like Nebraska Furniture Mart, Regency Furniture, El Dorado Furniture and Slumberland to name a few. I am very pleased with our overall strategy a few years ago that had us shift to higher margin products and our continued inventory buildup which allows us to be able to fulfill orders in a timely fashion and stay competitive even with the tremendous delay of shipment and increase of the freight charges due to the COVID-19 pandemic.”

The High Point Market (formerly the International Home Furnishings Market and the Southern Furniture Market), held in , , is the largest home furnishings industry  in the world, with over 10 million square feet by roughly 2000 exhibitors throughout about 180 buildings.

Photos accompanying this announcement are available at:

About Nova LifeStyle

Nova LifeStyle, Inc. is a well-established, innovative designer and distributor of modern lifestyle furniture; primarily sofas, dining room furniture, cabinets, office furniture and related components, bedroom furniture, and various accessories, in matching collections. Nova LifeStyle’s product lines include the Nova Brands and Diamond Sofa (). Nova's products feature urban contemporary styles that integrate comfort and functionality, incorporating upscale luxury designs which appeal to middle and upper middle-income consumers in the USA, China, Europe, and elsewhere in the world. Visit Nova LifeStyle's website at .

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, our ability to fully resume our operations and remain financially healthy, our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory,” “focus,” “work to,” “attempt,” “pursue,” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.

Investor Relations Contact

Andrew Barwicki

516-662-9461





EN
21/06/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Nova Lifestyle Inc

 PRESS RELEASE

XMax Inc. Announces a US$5.60 Million Investment in a Fund That Holds ...

XMax Inc. Announces a US$5.60 Million Investment in a Fund That Holds Interest in SpaceX Shares LOS ANGELES, Nov. 26, 2025 (GLOBE NEWSWIRE) -- XMax Inc., a Nevada corporation (“XMax” or the “Company”) (NASDAQ: XWIN) today announced that the Company, through its indirectly wholly owned subsidiary, has invested approximately US$5.60 million to subscribe 99.82% interest in Preamble Capital I, A Series of CGF2021 LLC. On November 24, 2025, Preamble Capital I completed the acquisition of 39.7% interest in a certain fund which holds 55,629 shares of Class A Common Stock and 3,781 shares of Clas...

 PRESS RELEASE

XMax Inc. Announces US$5 Million Convertible Note Financing

XMax Inc. Announces US$5 Million Convertible Note Financing LOS ANGELES, Nov. 24, 2025 (GLOBE NEWSWIRE) -- XMax Inc., a Nevada corporation (“XMax” or the “Company”) (NASDAQ: XWIN) today announced that on November 18, 2025, it entered into a Convertible Promissory Note Purchase Agreement with Billiongold Holding Limited, pursuant to which the Company issued a convertible promissory note in the principal amount of US$5,000,000. The note matures 36 months after funding, bears interest at 6% per annum, and is convertible at the holder’s option into shares of the Company’s common stock at a p...

 PRESS RELEASE

XMax Inc. Reports Third Quarter 2025 Financial Results

XMax Inc. Reports Third Quarter 2025 Financial Results LOS ANGELES, Nov. 14, 2025 (GLOBE NEWSWIRE) -- XMax Inc. ("Xmax" or the "Company") (NASDAQ: XWIN), today announced its unaudited financial results for the three months ended September 30, 2025. Operating Results for the Three Months ended September 30, 2025 Net Sales grew by 273% to $9.76 million from $2.62 million in the same period of 2024.Gross profit was $0.98 million, compared to $1.18 million in the same period of 2024.Net loss was $1.13 million, compared to a net loss of $2.47 million in the same period of 2024. Operating Re...

 PRESS RELEASE

Nova Lifestyle Inc. Announces A US$5.66 Million Investment in a Fund t...

Nova Lifestyle Inc. Announces A US$5.66 Million Investment in a Fund to Hold Interest in SpaceX Shares LOS ANGELES, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Nova Lifestyle, Inc. ("Nova" or the "Company") (NASDAQ: NVFY), today announced that the Company has invested approximately US$5.66 million to subscribe 99.815% interest of Preamble Capital, A Series of CGF2021 LLC that will acquire 6.667% interest of a certain fund that holds an aggregate of 353,772 shares of Common Stock of Space Exploration Technologies Corp., a Texas corporation ("SpaceX"), comprising of 121,805 shares of Class A Common ...

 PRESS RELEASE

Nova Lifestyle, Inc. Announces Closing of $9.0 Million Best-Efforts Pu...

Nova Lifestyle, Inc. Announces Closing of $9.0 Million Best-Efforts Public Offering LOS ANGELES, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (Nasdaq: NVFY) (“Nova LifeStyle” or the “Company”), a U.S.-headquartered innovative designer and marketer of contemporary styled furniture, today announced the closing of its best-efforts public offering of 9,836,054 shares of common stock (the “Common Stock”) and 19,672,108 warrants (the “Warrants”) to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of $0.915. Each share of Common S...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch