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DECORIZE NAMED FINALIST IN ARTS COMPETITION
SPRINGFIELD, Mo. (PRNewswire) - Decorize , an emerging growth provider of direct sourcing solutions for the global home decor market, announced today that it was named one of two finalists in the "Rising Star" category by ARTS, the association for the home accessories industry. The category recognizes companies that are manufacturers and marketers of decorative accessories, which have been in business under three years and have demonstrated excellence in growing their business and serving customers.
"We are gratified that the leading industry association has recognized us and that this was initiated by our customers who nominated us," said Jon Baker, Decorize's Chief Executive Officer. "The value proposition that we offer small and large retailers has enabled us to achieve profitability in less than three years, while growing revenues from less than $1 million to an annual run rate of $20 million. We recently achieved our first profitable quarter, and believe that we have successfully developed the business model to scale both revenues and earnings. We look forward to participating in the awards ceremony early next year." The winner will be announced at the 14th annual ARTS Awards Gala in Dallas in January. The other finalist is French Market Collection. 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 such as 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 $1,000 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. |
