Decorize Retains SBI USA to Provide Full Range of Investment Banking Services
03 Dezember 2003 - 1:30PM
PR Newswire (US)
Decorize Retains SBI USA to Provide Full Range of Investment
Banking Services SPRINGFIELD, Mo., Dec. 3 /PRNewswire-FirstCall/ --
Decorize, Inc. , a provider of direct sourcing solutions for the
global home decor market, announced today that it has retained SBI
USA to act as its investment banker. SBI USA is a division of First
Securities USA, Inc., member NASD/SIPC. SBI USA will provide a full
range of investment banking services to the Company. SBI USA will
assist the Company to increase investor awareness of the Company
and to advise the Company regarding financing strategies. SBI USA
will also advise the Company regarding merger and acquisition
opportunities and general business strategy. The Company is issuing
SBI USA 100,000 shares and 1,500,000 warrants exercisable at $2.00
through December 2, 2004 as compensation for its services. "We are
very pleased to be associated with SBI USA. They have a strong
investment banking presence and retail distribution capacity,
coupled with individuals in their group who have significant brand
management and retail industry experience," says Jim Parsons,
President and CEO and founder of Decorize. "We look forward to
working actively with them and plan on leveraging their contacts
and expertise to help us expand the investment community's
awareness of and interest in our business. We believe that our
relationship with SBI USA will enable us to better meet our
business and financial objectives." About SBI USA SBI USA is a
division of First Securities USA, Inc. member NASD/SIPC. SBI
advises and sponsors high growth companies in the U.S. and Asia to
help clients and portfolio companies achieve growth and strategic
objectives. SBI provides assistance to companies on a wide range of
transactions, including financing, mergers, acquisitions, joint
ventures and strategic partnerships. About Decorize, Inc. Decorize,
Inc. has developed a business model that reduces various costs that
have traditionally been channeled into the home furnishings
category. The company delivers products directly from the Far East
to its retailer customers and reduces or eliminates handling and
storage costs, which results in substantial cost savings. Decorize
has served more than 2,000 small and large retail accounts,
including national brand names such as Dillard's, Rooms To Go and
Sears -- The Great Indoors. Additional information on the company
and its products can be found at http://www.decorize.com/ .
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 without limitation, continued acceptance
of Decorize's products, increased levels of competition for the
company, new products and technological changes, Decorize's
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. AT THE
COMPANY: 417-879-3326 Alex Budzinsky or Gaylen Ball
http://www.decorize.com/ DATASOURCE: Decorize, Inc. CONTACT: Alex
Budzinsky, , or Gaylen Ball, , both of Decorize, Inc.,
+1-417-879-3326 Web site: http://www.decorize.com/
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