Novori, Inc. NOVO Archives

WednesdayJun 20, 2007 6:38 am

Board Retires Large Block of Insider Common Stock at Novori, Inc. (NOVO.OB)

Novori, Inc. (NOVO.OB) reports that its Board has retired 19MM shares of insider common stock in favor of preferred convertible stock. The insider common stock will be retired and subsequently reduce the total number of NOVO's outstanding common shares. The preferred stock will not be trading. The retirement of common stock will come strictly from the common stock held by the insiders of Novori, Inc. and not by its shareholders. The management of Novori, Inc. believes that retiring currently issued common stock will have the effect of decreasing the number of shares outstanding, which in turn increases non-affiliate shareholder…

WednesdayJun 20, 2007 5:53 am

Novori, Inc. (NOVO.OB) Dramatically Reduces Number of Outstanding Shares

Novori announced today that its Board of Directors decided to convert 19MM shares of insider common stock to preferred convertible stock. This action will substantially reduce the number of outstanding common shares. Novori management believes that retiring the shares will increase shareholder value. The retirement of common stock will come solely from insiders of Novori and not its shareholders. Harold Schaffrick, CEO of Novori, stated, “In the best interests of our organization and its shareholders we have elected to provide this enthusiastic endorsement to reduce the number of outstanding shares available for trading. We are unswervingly devoted to the longevity…

TuesdayJun 19, 2007 5:39 pm

Novori, Inc. (NOVO.OB) Has Plenty of Opportunity in the Growing E-Commerce Market

Novori has a unique approach to selling jewelry. Instead of selling in local stores, Novori sells their jewelry online. This allows the company to keep operating costs low and reach more customers. Internet Commerce is one of the fastest growing sectors on the market. The amount of transactions placed in 1999 totaled approximately 145 billion, but in 2004 the number increased to 500% to the new figure of 7.29 trillion. This increase is caused by new users gaining confidence to send information over the internet. Novori’s strong encryption protects their valued customers, and gains their confidence. With the skillful use…

WednesdayJun 13, 2007 2:55 pm

Novori Inc. (NOVO.OB) to be Featured Tomorrow Thursday, June 14th at 12:30 PM Central on mn1.com

Novori Inc. (NOVO.OB) recently reported that revenues for the quarter ending Feb. 28, 2007, were up 53 percent as compared to the same quarter in the previous year. Tomorrow, the Company will be featured in an Exclusive Interview on Market News First. The program will air tomorrow Thursday, June 14th at 12:30 PM Central on mn1.com The Company attributes the 53 percent growth in revenues to increased consumer awareness of Novori and to the Company's (www.novori.com) Web site consistently ranking high on the search engines. To date, 90 percent of Novori's customers are purchasing diamond engagement rings. The online jewelry industry…

WednesdayJun 13, 2007 1:53 pm

Novori, Inc. (NOVO.OB) To Be Featured in Live Interview with MN1.com

Novori will be featured live on Market News First for an exclusive interview discussing revenue growth and the overwhelming demand in the online jewelry market. The interview will take place tomorrow at 12:30 P.M CDT and can be viewed at www.mn1.com Novori’s recently announced a 53% increase in revenues for the quarter ending Feb. 28, 2007. The company attributes the growth to increased consumer awareness and the website's high rankings on search engines. Harold Schaffrick, CEO and president of Novori Inc., commented, “We are pleased with the growth in sales. It is interesting to note that this increase has come about…

MondayJun 11, 2007 6:22 am

Shares of Novori Inc. (NOVO.OB) are Up 2% Early Monday, as the Company Announces Sales Growth Up 53 Percent

Novori Inc. (NOVO.OB) reports that revenues for the quarter ending February 28, 2007 were up 53% as compared to same quarter in the previous year. The Company attributes the 53% growth in revenues to increased consumer awareness of Novori and to the Company's (www.novori.com) website consistently ranking high on the search engines. Harold Schaffrick, President & CEO said, "We are pleased with the growth in sales. It is interesting to note that this increase has come about without any significant extra marketing expenditure. I am confident that with planned marketing initiatives, we will grow revenues at an even greater pace.…

MondayJun 11, 2007 5:53 am

Novoi, Inc. (NOVO.OB) Announces a 53% Growth in Revenues

In the quarter ending February 28, 2007, revenues grew 53% as compared to the same quarter last year. The increased consumer awareness of the company and its website is attributed to the large increase. Harold Schaffrick, President & CEO of Novori, stated, “We are pleased with the growth in sales. It is interesting to note that this increase has come about without any significant extra marketing expenditure. I am confident that with planned marketing initiatives, we will grow revenues at an even greater pace. It’s also nice to know we're growing sales at a faster rate than our competitors." The…

FridayJun 01, 2007 2:51 pm

Novori, Inc. (NOVO.OB) Share Prices Rise 8.84% on Abnormally High Volume

Novori’s unique approach to selling jewelry on-line is getting the attention of investors as it experiences a high day of volume totaling over 459,000 shares. Both studies and transaction volume growth have shown that consumers are becoming more and more comfortable purchasing diamonds online. Selection is nearly unlimited from the website’s array of over 35,000 loose diamonds matched to over 500 styles of settings. Let us hear your thoughts below:

WednesdayMay 30, 2007 6:21 pm

Shares of Novori Inc. (NOVO.OB) Gained 2.76% Today, with the Announcement of Profile Coverage by Shazamstocks.com

Ken Weiner, publisher of Shazamstocks.com, reported the initiation of profile coverage of Novori Inc. (NOVO.OB). The profile is a comprehensive look at the company's growth initiative. You can view the complete profile at http://www.shazamstocks.com/profiles/novo/index.php NOVO 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 itself on the highest quality standards in the industry and provides consumers with unique online tools to allow consumers to explore, build…

WednesdayMay 30, 2007 5:20 am

A Leading Financial Website Released a Comprehensive Profile on Novori Inc. (NOVO.OB)

Shazamstocks announced that they have finished a complete profile on Novori. In the profile they complimented Novori for being the fastest growing company in the rapidly growing online retail jewelry market. Novori is positioning itself for success, both this year and in the future, by setting several goals for 2007. Some of their plans include: allowing visitors to save ring configurations for future purchase by introducing a client-login, developing an email marketing campaign, and beginning special diamond ring give-away promotions. Let us hear your thoughts below:

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