NVFY Nova Lifestyle Inc

Nova LifeStyle Launches Online Sales Platform To Distribute New Line of Healthline Products

Nova LifeStyle Launches Online Sales Platform To Distribute New Line of Healthline Products

LOS ANGELES, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced that it has created an online sales platform () to distribute healthline products manufactured by 3H Korea Co Ltd. 3H healthline products are marketed throughout Southeast Asia and have been widely recognized as contributing to a healthful lifestyle.

The 3H 820 Acupressure BED and 3H Heating Belt are equipped with hundreds of bio ceramic stones. These ceramic stones transmit Far Infrared Rays through the heating process and can warm strained areas of the body and allow these beneficial rays to be properly absorbed.

Tawny Lam, Chairperson and President of Nova LifeStyle, stated, “The pandemic has underscored the importance of maintaining good health, and now is a perfect time for Nova to enter the healthline product market in order to address consumer interest in maximizing comfort and healthful living. 3H is one of South Korea's largest healthline product companies. Its products are marketed throughout Southeast Asia and have been widely recognized as improving healthful living. We believe we have the sales and marketing acuity to successfully market the Acupressure Bed and Heating Belt in the United States.”

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, jade mats 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
02/12/2020

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Reports on Nova Lifestyle Inc

 PRESS RELEASE

Nova LifeStyle, Inc. Reports Second Quarter FY 2025 Results

Nova LifeStyle, Inc. Reports Second Quarter FY 2025 Results LOS ANGELES, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the second quarter ended June 30, 2025. Key Financial Highlights: Operating Results for the Three Months Ended June 30, 2025: Net sales for three months ended June 30, 2025 were $2.56 million, a decrease of 5% from $2.69 million in the same period of 2024.Gross profit was $1.28 million compared to $1.19 million in the same period of 2024.Net loss was ($289 thousand), c...

 PRESS RELEASE

Nova LifeStyle, Inc. Reports First Quarter FY 2025 Results

Nova LifeStyle, Inc. Reports First Quarter FY 2025 Results LOS ANGELES, May 15, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced financial results for the first quarter ended March 31, 2025. Mr. Xiaohua Lu, newly appointed Chief Executive Officer of Nova LifeStyle, stated, “This is a very exciting time for Nova LifeStyle as we strategize moving forward among the uncertainty related to tariffs and the impact on the furniture industry. The first quarter showed our products are well received considering an increase in revenues,...

 PRESS RELEASE

Nova LifeStyle Announces Fiscal 2024 Financial Results

Nova LifeStyle Announces Fiscal 2024 Financial Results LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced financial results for the fiscal year ended December 31, 2024. Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle, stated, “The Company has substantially changed over the last few years. We have improved our day-to-day operations to ensure we have a long-term strategy in place to weather numerous storms, including the implementation of tariffs, the overall economy and uncertainty in...

 PRESS RELEASE

Nova LifeStyle, Inc. Reports Third Quarter FY 2024 Results

Nova LifeStyle, Inc. Reports Third Quarter FY 2024 Results LOS ANGELES, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the third quarter and nine months ended September 30, 2024. Key Financial Highlights: Operating Results for the Three Months Ended September 30, 2024: Net sales for three months ended Sept 30, 2024 were $2.6 million, an increase of 6% from $2.5 million in the same period of 2023.Gross profit was $1.2 million, compared to a gross profit of $1.1 million in the same period...

 PRESS RELEASE

Nova LifeStyle, Inc. Reports Second Quarter FY 2024 Results

Nova LifeStyle, Inc. Reports Second Quarter FY 2024 Results LOS ANGELES, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the second quarter ended June 30, 2024. Key Financial Highlights: Operating Results for the Three Months Ended June 30, 2024 Net sales for three months ended June 30, 2024 were $2.69 million, a decrease of 40% from $4.46 million in the same period of 2023.Gross profit was $1.19 million compared to $1.45 million in the same period of 2023.Net loss was ($563 thousand), c...

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