Decorize, Inc. Trading Suspended by AMEX; Plans Move to OTCBB
01 Mai 2007 - 1:03AM
PR Newswire (US)
SPRINGFIELD, Mo., April 30 /PRNewswire-FirstCall/ -- (AMEX:DCZ) --
Decorize, Inc. a recognized leader in the home accents industry,
announced today that trading in the company's shares was suspended
by the American Stock Exchange ("AMEX" or the "Exchange") on April
27, as previously anticipated. The company has submitted an
application to the NASD to be listed on the Over the Counter
Bulletin Board (OTCBB), and expects to begin trading on the OTCBB
in the upcoming weeks. The new ticker symbol for Decorize shares
has not yet been determined. In the interim, the stock can be
traded in the Pink Sheets under the symbol DCZI. Steve Crowder,
Chief Executive Officer of Decorize, reiterated that, "Our Company
is in the best operating and financial position in its history and
the suspended trading in Decorize shares is not a reflection on our
recent results. Decorize has achieved profitability, is generating
positive cash flow, and we are tremendously encouraged by the
reception that our innovative designs have garnered in the home
furnishings markets. We are committed to continuing to create value
for our shareholders, and look forward to demonstrating this once
we have completed our move to the OTCBB." About Decorize, Inc.
Decorize, Inc., founded in 2000, is a recognized leader in the home
accents industry. The company has developed a vertically integrated
design, sourcing and logistics model that reduces costs
traditionally channeled into home furnishings. Decorize has served
more than 3,000 small and large retail accounts, including national
brand names such as, Broyhill Furniture Industries, Klaussner
Furniture Industries, Bombay Company, Wal-Mart, Stein Mart Inc,
May/Federated Stores, Neiman Marcus, Rooms To Go, and
Anthropologie. Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: Statements about the future
performance of Decorize, economic trends, and other forward-looking
statements in this release are made pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements
involve risks and uncertainties, including and without limitation,
continued acceptance of Decorize products, increased levels of
competition for the company, new products and technological
changes, Decorize dependence on third- party suppliers, and other
risks detailed from time to time in Decorize's periodic reports
filed with the Securities and Exchange Commission. Decorize
provides no assurance regarding the actual outcome of the events
contemplated by any forward-looking statements included in this
release. DATASOURCE: Decorize, Inc. CONTACT: Steve Crowder of
Decorize, Inc., +1-417-879-3326, ,
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