DCZ / DCZI - Decorize, Inc. Trading Suspended by AMEX; Plans Move to OTCBB
Monday April 30, 6:03 pm ET
Shares Outstanding: 26.58M
Float: 9.53M
% Held by Insiders4: 71.95%
SPRINGFIELD, Mo., April 30 /PRNewswire-FirstCall/ -- (Amex: DCZ - News) -- Decorize, Inc. a recognized leader in the home accents industry, announced today that trading in the company's shares was suspended by the American Stock Exchange ("AMEX" or the "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.
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 products, increased levels of competition for the company, new products and technological changes, Decorize 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.
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Source: Decorize, Inc.
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