NEW YORK - Nova LIfestyle Inc. (OTCMKTS:STVS), a designer and manufacturer of residential furniture based in Commerce, CA, made the most recent "Sizzling Stock Alert" list published by StockRunway.com.
With brands including Diamond Sofa, Colorful World And Giorgio Mobili, Nova LIfestyle sells its furnishings through about 6- franchise stores, plus unaffiliated retail stores and distributors in China, plus through furniiture distirbutors and retailers in the U.S. and international markets. Nova Lifestyle's year-end revenues for grew 53.6% to $66.29 million in 2012.
Last fall, Nova Lifestyle opened up a factory in China to manufacture furniture for IKEA.
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