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Nova LifeStyle, Inc. (NVFY) Trades 23% Higher on $15M Supply Agreement

Company: Nova LifeStyle, Inc. (NVFY)
Category: News

Nova LifeStyle (NASDAQ: NVFY), a modern life style furniture company, this morning announced its $15 million annual product framework agreement with the Future Biz School (“FBS”) (www.futurebizschool.com), a Hong Kong and Malaysia-based professional training institute. Per the agreement, Nova LifeStyle will supply U.S.-made mattresses and other products to FBS, with actual sales subject to and fulfilled by specific orders from FBS. Nova LifeStyle said it has received “firm orders” for October and November of 2016 to supply $2 million worth of products.

To view the full press release, visit: http://nnw.fm/L0kfJ

About Nova LifeStyle

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 visit www.NovaLifeStyle.com

About NetworkNewsBreak

NetworkNewsBreak is a rapid summary of a press release that caught the attention of NetworkNewsWire (NNW). NNW provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit https://www.NetworkNewsWire.com.

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