Category Archives: Novori, Inc. NOVO

Founded in 2004, Novori Inc. NOVO is a publicly traded independent online jewelry retailer with headquarters in White Rock, British Columbia, Canada and operations in California USA. Novori was founded with the specific aim to become a leader in the online retail industry by serving a growing target market with integrity and honesty.

Novori, Inc. (NOVO.OB) Produces High Quality Diamond Jewelery

June 13, 2008

Novori, Inc. is an online jewelry retailer engaged primarily in the purchasing and sale of high-quality diamond rings, as well as loose diamonds. Through its user-friendly website, the company offers products of unparalleled quality, customizability, and backs it all with a 100-percent satisfaction guarantee.

One of the driving forces behind Novori is recently-appointed board member Steven Zale, founder of Zalemark, Inc., and one of the world’s most respected jewelry designers. Considered by many to be one of the top 25 designers in the nation, Steven is known for taking a strikingly individualistic approach to his products. He recently appeared on FOX Business News to discuss his latest collection, the Badgley Mischka line.

Of his own work, Mr. Zale states: “I consider each aspect of the piece I am creating, taking care to choose the right color and cut of stones to accent the beauty of construction as well as the woman who will ultimately end up wearing it and treasuring it for years to come.”

Potential customers will be happy to know that because Novori offers its products in an online setting, as opposed to retail outlets, price tags on a Novori piece average between thirty and sixty percent cheaper than jewelry from an actual store.

The company has also undergone several search engine optimizations, in order to appear at or near the top of the list for diamond engagement rings on Google, MSN, and Yahoo searches. These, and other measures taken by Novori have been instrumental in obtaining a share of the nearly $5 billion online jewelry retailing industry.

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Novori, Inc. (NOVO.OB) Announces Intent to Merge With Zalemark, Inc.

May 22, 2008

Novori Inc., a leading online jewelry retailer of fine diamond engagement rings, and Zalemark Inc., a manufacturer of fine jewelry, have entered into a merger intent agreement. Both companies are anticipating closing the agreement sometime close to June 21, 2008. Until then, the merger will be subjected to negotiation and execution of binding definitive documents, satisfaction of certain conditions precedent, approval by Novori shareholders and other ordinary and customary closing conditions for a transaction of this type.

Zalemark was created by Steven Zale, an award winning jewelry designer and Chairman in 2002 with the initial launch of the Demeter® line endorsed by supermodel Rachel Hunter. Since then Zalemark has continued to develop its labels to include a diverse and impressive portfolio of premium branded jewelry collections while sticking to the ideals of free-trade, the use of conflict-free stones, and the quality of fine craftsmanship. Their current collection includes the successful Seventeen Jewelry Collection®, and in the future they also plan on launching a Bridal line and Couture line under the prestigious Badgley Mischka label and a fine fashion jewelry collection under the Hearst licensed ESQ brand.

In response to the merger announcement, Steven Zale, Zalemark Design Director, stated, “This agreement with Novori is a significant, exciting milestone in broadening our brand strategy and expanding our distribution through an exclusive direct marketing channel for our jewelry. While the brick & motor retail channel will remain a primary focus, we believe the internet will create new global opportunities to expand our consumer product selection and drive traffic to the independent retail stores as well as Novori’s website. We expect this new marketing initiative will allow us to generate new revenue streams. Together, we are committed to setting very aggressive financial targets because of the consumer metrics that exist in the companies. We believe the synergies combined by both companies will become a significant driver of our revenue growth, while enhancing shareholder value.”

Also commenting on the merger was Mark Neild, Novori CFO who said, “We view this merger not only as an exciting next step for Novori, but as a revolutionary step that dramatically amplifies the paramount character of Novori. While Novori will actively continue as a leading online retailer of high quality diamonds and fine jewelry, we will now also become a leader in the brand jewelry industry with licensing for established brand names such as Badgley Mischka®, ESQ®, Demeter® and Seventeen®. We will develop and manage the official jewelry websites for these major brands utilizing our existing online strengths and technologies to drive online sales for those brands. Simultaneously, we will be distributing these brand products through over a thousand brick and mortar retail locations throughout the country giving us a major revenue stream.”

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Novori, Inc. (NOVO.OB) Continues to Announce Outstanding October Financial Numbers

November 30, 2007

Novori, Inc. was pleased to announced this morning that its October 2007 sales were more than 100% greater than the sales for 2006; furthermore, the number totaled more than half the sales of the entire previous quarter.

Dollar sales were 208% greater than last year’s sales and gross margins also increased favorably, up 24%. According to comScore Networks, retail e-commerce accounted for about 7% of consumers’ U.S. retail spending after the 2006 holiday season. This is very significant as it makes an important contribution to the total U.S. economy.

According to Forrester Research, online jewelry sales have been increased substantially, and estimates that 14% of all jewelry sales will take place online by 2010.

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Shazam Stocks Announces Novori, Inc. (NOVO.OB) as a Featured Company

November 26, 2007

Shazam Stocks announced today that it has re-featured Novori. The company is focused on purchasing and selling diamonds and diamond jewelry over the internet. The selection available spans over 30,000 loose diamonds and over 500 different styles and settings of jewelry. The entire process of purchasing a loose diamond or piece of jewelry is explained using easy to understand descriptions and illustrations on its website.

The online jewelry industry has further improved by offering better viewing options including interactive 3-d pictures. Because of the low overhead costs, companies such as Novori can offer an array of jewelry at a significant lower price while still allowing customers to custom design their own rings.

Shazam Stocks supplied the following list of reasons to consider Novori as an investment:

1. Novori is the fastest-growing online jeweler — up 2,100% in ’06 — in the world’s fastest-growing online industry. Young people are flocking to this new way to buy jewelry.
2. Novori gives a 30-day money-back guarantee. Wear your ring get an independent appraisal love it or pay nothing.
3. Novori’s mark-up is only 15% over cost. (Compare that to your local jeweler!)
4. Novori has the highest average order in the industry. ($3,075.) Serious buyers trust Novori.
5. Every Novori diamond is either EGLor GIA-certified. The buyer KNOWS that he’s getting the diamond quality for which he paid.
6. Every Novori diamond is certified“conflict-free” under the U.N.’s Kimberley Process.
7. Novori is one of world-wide Google’s hottest jewelers. Great online service produces great word-of-mouth.
8. Novori uses advanced online software. Every ring is designed and customized by the customer BEFORE it’s created. No other online jeweler does this. (Novori rings are US-made. Other diamond rings are increasingly coming from China.)
9. Online jewelry sales should reach $5.7 billion in ’07 out of a total $33 billion market. LOTS of room for online growth.
10. Novori is launching a spectacular new website on July 1, 2007. More interactive features more eye-catching visuals… more consumer information plus added surprises.
11. Novori will also launch a multi-media marketing blitz to make the company #2 in this fragmented industry after Blue Nile.
12. NOVO newly listed at $1.40 great price to leverage your investment. (Blue Nile is now $55 — with 1st qt. revenue up 34% over ’06.)

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Novori (NOVO.OB) to Debut on “The Montel Williams Show” Wedding Extravaganza

October 12, 2007

Novori Inc. (NOVO.OB), a leading retailer of fine diamond engagement rings and jewelry, announced today that the company will make their debut on “The Montel Williams Show” on Monday, October 15, 2007.

Novori was approached by host Montel Williams to gauge the company’s interest in providing the groomsmen and bridesmaids’ gifts for his personal wedding. The company was honored for such a request, and sent four custom designed 14k White Gold Diamond ID bracelets for the his groomsmen and six 14k White Gold Diamond Pavé Eternity pedants for the bridesmaids.

Montel Williams and his fiancée, Tara Fowler, wed before an intimate gathering of friends and family Saturday, October 6, 2007 in Bermuda. Their wedding ceremony will air Monday, October 15th, on the Montel Williams Show “Wedding Extravaganza”.

Please check local listings for “The Montel Williams Show” air times in your area.

Novori, Inc. (NOVO.OB) Provides Wedding Rings for Montel Williams’ Show Guests

October 11, 2007

Novori announced this morning that they have been asked by the Emmy-winning syndicated talk show host, Montel Williams, to provide wedding rings for the recently taped ceremony of a couple who were victims of the Greensburg, Kansas Tornado.

The ceremony will be aired Monday, October 15th on the “Montel Williams Show”. Listing times for the show vary depending on the location, so please check your local listings for the correct time in your area.

Mark Neild, CFO of Novori, Inc, stated, “We are so honored to be able to provide the wedding ring set to join this couple in marriage that suffered such a terrible loss. We wish them a future of happiness together.”

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Novori, Inc. (NOVO.OB) Announces Schedule for Their Second Appearance on Fox Hit TV Game Show

October 9, 2007

Novori announced that they will be appearing on the new FOX hit television game show “Temptation” for the second time. The company’s exquisite signature line pendant and earrings will be the show’s grand prize October 9th – October 12th, and re-airing on October 23rd – October 26th.

Harold Schaffrick, CEO of Novori, stated, “We are extremely pleased that our jewelry is being featured as the grand prize in Shoppers Paradise. The Sareen jewelry pieces featured are an online exclusive at www.novori.com and we anticipate an increase in traffic to our website because of their superior quality.”

FOX has established itself as one of the nation’s most popular and well-known programming distributors, especially with the teen and young adult audiences. Recently, the television network received its third consecutive seasonal crown among the 18-49 year old demographic.

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Novori, Inc. (NOVO.OB) To Be Featured on Top National Television Networks

September 26, 2007

Novori announced that the company will be launching a national media campaign to increase online sales through television exposure. The campaign will include major television networks such as FOX, NBC, CBS and ABC.

Nielsen Media Research recently announced that the average U.S. television viewing continues to increase, even though portable media devices have become more popular. The average time a household watched television during 2005-2006 was approximately 8 hours and 14 minutes a day.

Novori’s CFO, Mark Neild, stated, “Joining the forces of television exposure and online shopping is a perfect match for Novori’s campaign, taking consumer jewelry purchasing to another level. We are pleased that Novori has experienced at least triple digit gains every year since the inception of www.novori.com, and believe the integration of this media campaign, as well as other innovative campaigns, could feasibly allow Novori to continue to experience quadruple digit gains in the years to come!”

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Novori, Inc. (NOVO.OB) Announces Air Dates for Its Debut on Fox’s TV Game Show

September 25, 2007

Novori Inc (NOVO.OB), one of the country’s leading retailers for both engagement rings and jewelry alike, announced that it will be featured on a new FOX television show called “Temptation” this week.

“Temptation” is a new game show that fuses pop culture and shopping into one exciting, high-energy game show. Contestants will have the opportunity to win several Novori prizes highlighted throughout the show. “Temptation” also allows viewers at home to interact with the game show directly, allowing them the opportunity to win Novori prizes while sitting on their couch.

More specifically, “Temptation” features three contestants who earn shopping cash by answering questions about pop culture and current events. During the game, players are enticed to spend some of their winnings on incredible bargains. However, the player with the most shopping cash at the end of the game gets to go on the biggest shopping spree, quite the dilemma for the contestants.

Please visit http://shop.seenon.com/index.php?v=sso-temp-about-schedule to find the local FOX station and airtimes for Temptation in your area.

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Novori Inc. (NOVO.OB) Revises Novori.com Homepage with Advanced Styling

July 23, 2007

Novori announced that it has significantly changed its website in order to update styling by introducing a new Novori logo, revising its diamond search application, and including a graphical category list.

The redesigns were based on feedback from customers and extensive industry research. Novori is currently working on a second phase of the website’s redesign which will primarily focus on improving functionality by offering consumers the most flexible and powerful ring design options with improved ease of use.

The CEO, Harold Schaffrick, stated, “We want to ensure our website look and feel does not become outdated or stale. The consumer online shopping experience is even more enjoyable and user-friendly now that the new design elements have been employed.”

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Novori, Inc. (NOVO.OB) Receives Upgraded Price Target Rating

July 17, 2007

Greenhorseshoe.com upgraded Novori’s short term price target to $2.50. In the last quarter, the company beat one of its chief competitor’s growth by 19%, and increased sales 53%.

The website analyzed revenue growth figures for many companies in the Online Diamond and Jewelry retailing industry and found that Novori was growing the fastest.

Greenhorseshoe believes that the stock has substantial upside potential because of its rapid revenue growth, increasing exposure in the investment world, and the strength of its competitive website.

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

June 20, 2007

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 value.

“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 of this company and look upon the retirement of our common stock as a sign of our confidence to the general public representing our long-term commitment to the growth and success of this organization,” stated Harold Schaffrick, CEO of Novori, Inc.

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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 of this company and look upon the retirement of our common stock as a sign of our confidence to the general public representing our long-term commitment to the growth and success of this organization.”

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

June 19, 2007

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 of Search engine Optimization (SEO), Novori.com is now one of the top most visited websites in the online diamond jewelry industry.

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

June 13, 2007

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 has undergone an upsurge of general popularity, increasing revenues of Novori’s competitor, Blue Nile, by 34 percent and Abazias’ by 48 percent.

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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 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.”

Novori’s early entry in the emerging marketplace of online diamond engagement rings puts them in a position to garner a significant profit. According to Forrester’s Research, “An increase in the number of women shoppers will contribute to 14 percent of jewelry sales moving online by 2010.”

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

June 11, 2007

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. Its also nice to know we’re growing sales at a faster rate than our competitors.”

Novori is well positioned to become a leading player in the emerging marketplace of online diamond engagement ring sales as larger numbers of Internet-savvy consumers embrace the “no-pressure” online shopping experience.

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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 company is well positioned to garner the large revenues being made in the emerging marketplace of online jewelry. The online jewelry industry has surged in popularity, which has also increased revenues of other competitors in the market place.

The market continues to grow as more and more consumers are becoming comfortable with buying luxury goods online. In 2004 U.S. online jewelry sales in the U.S. grew 19.3% from the prior year to $1.7 billion, according to Forrester’s Research.

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

June 1, 2007

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.

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

May 30, 2007

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 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. http://www.novori.com

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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.

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Shares of NOVORI Inc (NOVO.OB) Surge Up 34.83% Today in Afternoon Trading

April 2, 2007

Novori, Inc. is quickly gaining Industry notice as the premier online diamond and fine jewelry retailer. Investors are responding sending the shares sharply higher today in afternoon trading.

Novori.com offers a unique service as users typically design their own cfustom rings online by selecting from thousands of loose diamonds that can be combined with hundreds of settings designed exclusively for Novori.

For consumers, one key benefit is attractive pricing and high quality, when compared to traditional mall jewelry stores.

View the site, novori.com; the value is obvious.

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Investors Send Shares of Novori Inc. (NOVO.OB) Up 46.43% Today

March 29, 2007

Investors sent the shares of Novori Inc. (NOVO.OB) Up 46.43% Today.

Novori is a leading online diamond retailer, with specialization in diamond engagement rings and fine jewelry.

During 2007, the Company expects to significantly improve revenues through website innovations, and marketing efforts designed to dramatically increase sales from customer site visits, known as customer conversion.  NOVO believes that an increase in customer conversion of just one percent, would increase revenues by approximately 1000 percent.

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Novori, Inc. (NOVO.OB) Shares Closed 34% Higher then Yesterday’s Close

March 27, 2007

Novori sells jewelry online rather then through typical local retail stores. Online consumer spending increases every year. Last year $23.11 billion of goods were purchased from November 1 to December 26; that is a 26% increase from 2005.

One of the fastest growing online categories is jewelry. During the 2006 holiday season, sales for online jewelry increased 67% versus the 26% average for all other goods.

There is no doubt that online commerce is growing fast, and it appears to have no barriers as it breaks record numbers each year. The future is very bright for Novori.

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Novori, Inc. (NOVO.OB) Has a Unique Approach to Selling Jewelry

March 12, 2007

Instead of selling in local stores, Novori sells their jewelry online. This not only keeps operating costs low, but also allows the company to reach more customers.

Internet Commerce is one of the fastest growing sectors on the market. The amount of transactions placed in 1999 totaled to 145 billion, but in 2004 this number was insignificant compared to the new figure of 7.29 trillion.

This increase is caused by new users gaining confidence to send information over the internet. Novori uses the strongest encryption available to protect their valued customers, and to gain their confidence.

Selection is nearly unlimited from the website’s array of over 35,000 loose diamonds matched to over 500 styles of settings. With the skillful use of Search engine Optimization (SEO), NOVO is now one of the top most visited websites, in the online diamond jewelry industry.

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