Novori Inc. (OTCBB: NOVO)
Announces a Reminder of Upcoming 2-for-1 Common Stock Split
Friday
February 16, 8:19 am ET
BELLINGHAM,
WA--(MARKET WIRE)--Feb 16, 2007 -- Novori Inc. (OTC BB:NOVO.OB - News) -- www.novori.com -- a leading online interactive
retailer of fine diamond engagement rings, announced that the previously
approved 2-for-1 common stock split will be taking effect today, February 16, 2007,
which makes today the last day of trading prior to the split.
"This stock split
reflects our continued confidence in the long-term outlook for Novori. It will
increase tradable shares and result in a market price that should be attractive
to a broader group of investors," said Harold Schaffrick, Chairman and
Chief Executive Officer.
Forrester's Research
recently confirmed that the online Jewelry sales industry is skyrocketing and
estimates that the online diamond industry will grow from $2.1 billion in 2005
to $8 billion in 2010, making it the 3rd fastest growth industry for Internet
sales. Although only at its early stages of development, Novori has already
shown great growth with 2006 revenues exceeding 2005 by 2,374%.
About
Novori Inc.
Founded in 2004, Novori is
a leading online interactive retailer of diamond engagement rings and fine
jewelry. Novori launched their website in 2005 and has built a well-respected
brand by providing consumers with superior customer service and a better way to
buy diamond engagement rings. Novori prides its self on the highest quality
standards in the industry and provides consumers with unique online tools to
allow consumers to explore, build and purchase their own custom made diamond
rings in a way not previously offered by traditional retailers. The Novori.com
web site offers thousands of independently certified diamonds, settings and
fine jewelry at prices significantly below traditional retail. Novori's shares
are traded on the Over the Counter market (OTCBB) under the symbol NOVO.
Forward-Looking Statements
Except for the historical
information contained herein, the matters discussed in this press release are
forward-looking statements. Such statements are indicated by words or phrases
such as "believe," "will," "breakthrough,"
"significant," "indicated," "feel,"
"foresee," "revolutionary," "should,"
"ideal," "extremely," and "excited." These
statements are made under "Safe
Harbor" provisions
of the Private Securities Litigation Reform Act of 1995. Actual results may
differ materially from those described in forward-looking statements and are
subject to risks and uncertainties. See Novori's filings with the Securities
and Exchange Commission, including, without limitation, Novori's recent Form
10-KSB and Form 10-QSB, which identify specific factors that may cause actual
results or events to differ materially from those described in the
forward-looking statements.
Contact:
Contact:
Investor Relations:
1-888-646-5677
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