(SPRINGFIELD, MO)-Two months into their recent merger, the principals of both Faith Walk
and Decorize, Inc. have realized early success. The integration of the two companies
has accelerated at a much quicker pace than originally planned. "In the first 60 days
we have already felt the positive influence of the Decorize business model and their
organization on our business," commented Mike Sandel of Faith Walk Designs.
Sandel went on to say," The process of shifting our product line to a lower pricing
structure has happened quicker than we both imagined. Our customers will see the
benefits of that new strategy next month at Americas' largest furniture market in High
Point, North Carolina, only 75 days after our merger was consummated. In addition, we
have quickly tapped into the Decorize, Inc. resources including; logistics, training,
financial, and technology areas and we are already seeing improvements in our results.
It is great to have a partner with resources to shoulder the load."
Jon Baker, CEO of Decorize, Inc. added, "We are delighted with the progress of Faith
Walk. During the transition to the new pricing strategy, we anticipated some
financially tough months, but the Faith Walk team has kept the bottom line up during
these first two months. The thing that is really exciting is the new pricing strategy
and on top of that, I believe that in the next few months we will be announcing that
Faith Walk will ship product direct to small retailers from the Far East. This of
course, is one of the key features of the Decorize, Inc. business model and a first in
our industry. We will eventually integrate our third company, GuildMaster into this
model. The model creates incredible cost efficiency and based on retailer feedback,
they love using us as their direct sourcing arm to the Far East."
In addition, Faith Walk has merged its selling function with GuildMaster. The result
is one sales leader who oversees both companies. It also affords both companies the
opportunity to use a "one stop shop" approach with retailers, thus making it easier for
buyers to do their jobs and again, creating cost efficiency. Sales representatives have
already begun consolidating both brands.
Statements that are not historical facts, including statements about confidence and
strategies and business expectations relating thereto are forward looking statements
that involve risks and uncertainties that could significantly impact Decorize. These
include the factors that are discussed from time to time in Decorize's filing with the
Securities and Exchange Commission.