Decorize, Inc. News
Decorize, Inc. Achieves Company Sales Record for Winter Markets
SPRINGFIELD, Mo., Feb. 15 PRNewswire-FirstCall — Decorize, Inc. (OTC Bulletin Board: DCZI), a recognized leader in the home accents industry, announced today that new sales orders for the Company's GuildMaster brand increased by 80% at the recent furniture markets in Atlanta, Georgia, Dallas, Texas and Las Vegas, Nevada. The Company opened new showrooms in Dallas and Las Vegas and featured Christi Proctor, one of the original "Trading Spaces" designers' new line of licensed lamps for Decorize's GuildMaster brand.
"We have spent the last few years building and investing in our premium brand, GuildMaster," stated Steve Crowder, Chief Executive Officer of Decorize. "Our vertically integrated model of building to order and delivering to the retailers in less than 60 days is a first in the industry. We have built a world class design team that continues to design products that are trend setting in the fashion conscious home accent industry," noted Mr. Crowder. "Customers in our furniture manufacturers channel such as Ashley and customers in the mass retail channel such as Pottery Barn have introduced our product in their stores over the last few months."
The Company also filed its fiscal 2008 second quarter results with the Securities and Exchange Commission on Form 10-QSB yesterday. The Company reported a second quarter operating loss of $90,000 which was a significant improvement over the last quarter's loss of $190,000. Gross margins improved 560 basis points over 2008 fiscal quarter one. "While we will not be pleased until we achieve sustainable profitability we are making significant progress in establishing the GuildMaster brand, which is the core of our business model and anticipate strong operating results over the last half of our fiscal year," stated Dan Graham, Chief Financial Officer of Decorize. "Our sales in this high margin channel have increased 200% over the last two years in part due to our wholly owned production facilities which allow us to reduce supply chain costs over our competitors who import product."
About Decorize
Decorize, Inc. specializes in designing, manufacturing and delivering the finest premium home accents directly from its production facilities in Indonesia and China to retailers across the U.S. The company has developed a vertically integrated design, sourcing and logistics model that reduces costs traditionally channeled into home furnishings. This model allows the company to remain on the leading edge of the market by identifying trends and developing product significantly faster than others. Because of its vertical integration, Decorize is able to serve its customers with shortened delivery times for custom orders. Decorize serves more than 3,000 retail accounts, including national brand names such as Stein Mart, Broyhill Furniture Industries, OfficeMax, Home Depot, May/Federated Stores, Neiman Marcus, Rooms To Go, and Sears — The Great Indoors. For more information, visit the Decorize web site at http://www.decorize.com.
Safe Harbor
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: 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 and 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.
Contact Decorize, Inc. Steve Crowder, CEO (417) 879-3326 s.crowder@decorize.com
SOURCE Decorize, Inc.
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