decorize.com: The world's decor, right to your store

SPRINGFIELD, Mo. (PRNewswire) - Decorize, Inc. , an emerging-growth provider of direct sourcing solutions for the global home decor market, announced today financial guidance for its first quarter of fiscal 2003. The company expects to report revenue of at least $5 million for the period ended September 30, 2002 and to report its first quarter of operating profit. The company also announced that its current backlog of orders exceeds $7 million.

"We are pleased that both large and small retailers are increasingly adopting our direct sourcing model," said Jon Baker, Decorize's CEO. "As a result of our recent success, we expect to report an operating profit in the first quarter, despite being in business for less than three years. Our growing backlog of orders also leaves us confident about our future results. We believe that we are ideally positioned to scale revenue and to capitalize on the infrastructure we have developed to rapidly grow profits."

About Decorize, Inc.

Decorize, Inc. is the proprietor of a breakthrough sourcing, logistics and technology model that reduces the non-value added costs that have traditionally been channeled into the home furnishings category. The company strips away layers of handling and storage steps to deliver products directly from the Far East to the doors of retailers, at unprecedented cost savings. Decorize has served more than 2,000 small and large retail accounts, including national brand names Dillard's, Rooms To Go and Sears -- The Great Indoors. The company's business model affords aggressive savings for large retailers and also for small retailers. Decorize deploys a "one-price" approach at Decorize.com. For the first time in the industry, small retailers can ship directly from the Far East with a minimum order of $500 while enjoying cost savings of up to 30% over wholesale prices. Decorize offers over 10,000 SKUs through its brands: Faith Walk, GuildMaster and decorize.com. Additional information on the company and its products can be found at http://www.decorize.com/.

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 the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.