Novori, Inc. (NOVO) Termination of Standby Equity Distribution Agreement

BELLINGHAM, WA, Nov. 25  /PRNewswire-FirstCall/ -- Novori Inc. (OTC BB:NOVO.OB - News) an online interactive retailer of fine diamond engagement rings and jewelry - announces that it has received a notice to terminate a standby equity distribution agreement it entered into on January 24, 2007. The equity standby distribution agreement allowed the creditor to purchase up to an aggregate amount of $1,260,000 worth of Novori's common stock until January 24, 2009. During the term of the agreement Novori had received proceeds of US $540,000 and had issued 2,116,989 shares of our common stock. The termination will be effective as of December 10, 2008. The termination does not create any new obligations for Novori.

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. 

DATASOURCE: Novori Inc.



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