Decorize, Inc. Posts Record Fourth Quarter Profit

Furniture World News

Decorize, Inc., a recognized leader in the home accents industry announced its fiscal year 2008 fourth quarter results. The Company posted its largest quarterly profit in history in the recently completed fourth quarter. Net profit increased over $400,000 compared to a net loss of $215,000 for the same period last fiscal year. Gross margins were up 900 basis points from 29% a year ago to 38% in the fourth quarter this year. The company will complete its year-end audit and file an annual report in September. “The Decorize team has steadily improved our annual financial metrics over the past three years,” said Chief Executive Officer Steve Crowder. “Our unique vertically integrated design, manufacturing and logistics model has allowed us to identify trends, develop product significantly faster than our competition, and then shorten delivery schedules for customer orders. Coupled with fresh and compelling product designs that are carefully hand crafted with hand painted finishes normally associated with the upper medium to high end, this model has enabled us to achieve outstanding financial results in the fourth quarter.” “Our positive financial results in the fourth quarter are mainly attributed to the significant improvements we have implemented in our supply chain,” said Chief Financial Officer Dan Graham. “Through our wholly owned subsidiaries in China and Indonesia we have been able to reduce production and logistics costs substantially. Our new China lighting production facility will be on line this fall which will allow additional savings to our customers.” “The financial results are even more impressive when you compare them to other companies in the home furnishings industry,” said President of Quest Capital Steve Fox. Quest Capital is Decorize’s second largest investor with a 20% ownership. ”We are delighted with the improvements that the Company has achieved and are excited about their FY 2009 Plan.” 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 Neiman Marcus, May/Federated Stores, Rooms To Go, Broyhill Furniture Industries, Stein Mart, OfficeMax, Home Depot, and Sears-The Great Indoors. For more information, visit the Decorize web site at www.decorize.com.