Decorize, Inc. Trading Suspended by AMEX
Furniture World Magazine
on
5/1/2007
Decorize, Inc. a leader in the home accents industry, announced that trading in the company's shares was suspended by the American Stock Exchange on April 27, as previously anticipated.
The company has submitted an application to the NASD to be listed on the Over the Counter Bulletin Board (OTCBB), and expects to begin trading on the OTCBB in the upcoming weeks. The new ticker symbol for Decorize shares has not yet been determined. In the interim, the stock can be traded in the Pink Sheets under the symbol DCZI.
Steve Crowder, Chief Executive Officer of Decorize, reiterated that, "Our Company is in the best operating and financial position in its history and the suspended trading in Decorize shares is not a reflection on our recent results. Decorize has achieved profitability, is generating positive cash flow, and we are tremendously encouraged by the reception that our innovative designs have garnered in the home furnishings markets. We are committed to continuing to create value for our shareholders, and look forward to demonstrating this once we have completed our move to the OTCBB."
About Decorize, Inc.
Decorize, Inc., founded in 2000, is a recognized leader in the home accents industry. The company has developed a vertically integrated design, sourcing and logistics model that reduces costs traditionally channeled into home furnishings. Decorize has served more than 3,000 small and large retail accounts, including national brand names such as, Broyhill Furniture Industries, Klaussner Furniture Industries, Bombay Company, Wal-Mart, Stein Mart Inc, May/Federated Stores, Neiman Marcus, Rooms To Go, and Anthropologie.