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News Release


Novori Inc. (NOVO) Reports Increases in Sales for Quarter Over Quarter, Year Over Year

 

 

Novori, Inc. (OTCBB: NOVO) -- a leading online interactive retailer of fine diamond engagement rings and jewelry -- is pleased to announce that unaudited third quarter sales for 2008, compared to third quarter 2007, have increased 36.5%. Year to date sales from 2007 to 2008 are up 43.6%. Financials reviewed by Novori's auditors will be released in a few weeks.

 

"We are pleased with Novori's sales growth for the quarter over quarter and year over year," stated Mark Neild, CFO at Novori, Inc.

 

In their last reported quarter, Novori, Inc. surpassed industry averages by recording sales increases while competitors fell short of expected sales.

 

According to Forrester Research Inc. (www.forrester.com) online jewelry sales have gained significant momentum, and an estimated 14% of all jewelry sales worldwide will occur online by 2010.

 

About Novori, Inc.:

 

Founded in 2004, Novori is a leading online interactive retailer of diamond engagement rings and fine jewelry. Novori launched their website, www.novori.com in 2005 and has built a well respected brand by providing consumers with superior customer service and a better way to buy diamond jewelry. Novori prides itself on the highest quality standards in the industry and provides consumers with unique online tools that allow them to explore, build and purchase their own custom made diamond rings in a way not previously offered by traditional retailers. The Novori website 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 bulletin board (OTCBB).

 

 

 

Contact:

Media Contact               Investor Relations

702-300-1725                 1-888-646-5677

pr@novori.com             ir@novori.com  

 

 

 

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.





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  More Reasons >>

I just wanted to email you to say thank you for everything that you have done for me with regards to my engagement ring. As I told you on the phone, I really feel...
Sean

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Received rings. Wanted you to know that you did an excellent job making and packing the rings. The look on my fiancee's face was worth every cent. Bookmarked your web page so I...
Eddie

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I just wanted to thank you and the people at Novori for all the help that you provided me when buying an engagement ring. When making such an important decision on a purchase over...
Brandon

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I just wanted to thank you again for being so helpful during my purchase experience, it really made my decision a lot easier. The diamond was gorgeous and the proposal went very well, my...
Winston

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I received my ring today, and I just wanted to say that it is gorgeous and I absolutely love it! You did a phenomenal job. I will definitely recommend Novori to anyone I...
Jacqui

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I just wanted to let you know that I received my ring last week. There were delays over the weekend in customs. The ring is very nice. I just had it appraised...
Scott

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I just wanted to let you know I received the engagement ring I purchased. It's exactly what I wanted. Simple and elegant, thanks so much I'm sure my girlfriend will love it....
Adam

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I just wanted to let you know that the shipment arrived yesterday without any issues. Thank you so very much for all the help, and the excellent service. I continue to be impressed...
Robert

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I just wanted to thank the staff at Novori for everything. I am not in the habit of writing thank you letters however, your service, communication and especially your dedication to taking care of this...
Gordon

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I've already picked up the ring and it looks fantastic! Thanks again for all your help. I'm assuming Novori already has a large satisfied customer base and yet again you and Novori...
Aaron

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I found Novori through the internet. The website was very easy to use and assisted me in building my own ring. After doing so, I thought a mistake was made so I called,...
Zach

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Hey, I got the ring yesterday in the mail. The ring looks even better than the picture, and I appreciate the speedy delivery. If I have need of more jewelry for my future...
Kelly

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Thanks a lot for your assistance through this process. You've been a huge help, and I will be sure to let others know of my experience with you. I didn't think the timing and everything...
Victor

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I have received the tension set engagement ring, WOW, very stunning. Thanks a lot for your help and direction in picking out a very beautiful diamond. I am sure that my finace to...
John

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I received the ring I ordered today, right on time! ...and was blown away! I honestly can say I have never seen anything like it, the quality, and the sparkle will insure the proposal goes...
Jeremy

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