Nova LifeStyle to start trading on NASDAQ
January 15, 2014-- Furniture Today,
LOS ANGELES — Nova LifeStyle Inc., parent company of upholstery resource Diamond Sofa, said its common stock has been approved for trading on the NASDAQ Global Market.
The company said trading will begin Jan. 17 under the ticker symbol NVFY. Prior to that date, shares will continue to trade on the over-the-counter bulletin board.
"This is a very exciting moment for our company, and we are very proud of the progress we have made since becoming a publicly traded company on June 30, 2011," said Tawny Lam, president. "The listing on the NASDAQ Global Market allows us the greater visibility with investors around the world as we continue to work to grow our business and sell our products internationally."
The company acquired Diamond Sofa, which focuses on contemporary, urban styles, in August 2011. Nova LifeStyle also sells upholstery, case goods and office furniture internationally under several other brand names, including Colorful World, Giorgio Mobili and Bright Swallow.