BELLINGHAM, WA, Dec. 5 /PRNewswire-FirstCall/ -- Novori Inc. (OTC BB: NOVO.OB - News), an online interactive retailer of fine diamond engagement rings and jewelry, is pleased to announce that at the open of the market on December 8, 2008 the 1-for-20 reverse stock split and an increase in the authorized capital from 150,000,000 to 170,000,000 shares are to take effect. The corporate actions were approved by the Board of Directors and holders of a majority of the outstanding shares of common stock on October 23, 2008.
Novori's symbol on the Over the Counter Bulletin Board is changed to "NVOR" effective December 8, 2008.
About Novori Inc.: Founded in 2004, Novori is an online interactive retailer of diamond engagement rings and fine jewelry. Launched in 2005, http://www.novori.com/ provides consumers with superior customer service and a better way to buy diamond jewelry. The Company offers thousands of independently certified diamonds, settings and fine jewelry at prices below those offered by traditional retail companies.
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
