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Decorize Reports Record Shipments and Backlog in Month of October October Revenues of $1.8 million increase by 50% over proceeding month; Backlog Exceeds $3 million
SPRINGFIELD, MO: November 6, 2001: Decorize, Inc. (OTC BB: DCRZ), a rapidly-emerging provider
of direct sourcing solutions for the global home décor market, announced today that it has
achieved record shipments totaling $1.8 million for the month of October. Revenues exceeded
its previous record in September by nearly $600,000, an increase of 50% over last month. The
Company also reported its backlog exceeds $3 million.
CEO of Decorize, Jon Baker, stated, "To achieve this level of shipments in our 16th month, while operating in a soft economy, is an exceptional achievement for us. Our strong backlog is further evidence that our direct shipment model is meeting our customers' needs and enabling us to grow our business." Decorize also announced its e-procurement division Decorize.com posted record shipments of $850,000 for the month of October. This represents a 50% increase over the Company's previous record set in September of 2001. 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 product directly from the Far East to the doors of retailers, at unprecedented cost savings. The Company's business model affords aggressive savings of up to 70% for large retailers and 30% 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 $250, including freight, while enjoying cost savings of 30% over wholesale prices. Decorize offers over 10,000 SKUs through its brands: Faith Walk, GuildMaster and decorize.com. For more information on the Company and its products, visit 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.
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