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DECORIZE FILES AMENDMENT OF SB-2
SPRINGFIELD, Mo., Sept. 18 /PRNewswire-FirstCall/ -- Decorize, Inc. (Amex: DCZ - News), an emerging-growth provider of direct sourcing solutions for the global home decor market, reported today that on September 16, 2003, it filed Amendment No. 3 to its Registration Statement on Form SB-2 in response to comments made by the Staff of the Securities and Exchange Commission. Decorize has filed the Registration Statement to register the resale of shares of Decorize common stock that are outstanding or issuable under certain warrants and convertible notes that have been acquired by the selling stockholders listed therein in private placements made by Decorize. The latest amendment to the Registration Statement includes the unaudited consolidated balance sheet of Decorize as of June 30, 2003, and the related consolidated statements of operations, cash flows and changes in stockholders' equity for the year then ended, prepared by Decorize without independent audit, and the consolidated balance sheet as of June 30, 2002, and the related consolidated statements of operations, cash flows and changes in stockholders' equity for the year then ended, which have been audited by BKD, LLP, independent accountants, as set forth in its report thereon. The referenced financial statements have not previously been filed or otherwise made publicly available by Decorize.
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. 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. |
