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DECORIZE RECEIVES ORDER IN EXCESS OF $1 MILLION
SPRINGFIELD, Mo., April 11 /PRNewswire-FirstCall/ -- Decorize (Amex: DCZ), an emerging growth provider of direct sourcing solutions for the global home decor market, announced today that it has received an order in excess of $1 million from a leading national retailer. The $1 million order, which was received during the High Point Furniture Market held from April 3 through April 9, is the first installment of a two-part order. This initial order is for three proprietary collections that were developed specifically for this national retailer. The collections consist of 123 product designs created by the Decorize product development team. The revenues from this order are expected to be realized in Decorize's next fiscal year, which begins on July 1, 2003. According to Jim Parsons, company co-founder and head of the product development team at Decorize, "The multi-collection order reflects this retail partner's confidence in our ability to create leading edge merchandise which consumers want to buy and to provide it at a solid value." About Decorize, Inc. Decorize, Inc. has developed a sourcing, logistics and technology 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. Decorize's business model seeks to provide aggressive savings for large retailers and also for small retailers. Small retailers can ship directly from the Far East with a minimum order of $500 while enjoying substantial cost savings over competitors' 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 . 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. |
