SPRINGFIELD, Mo., May 19 /PRNewswire-FirstCall/ -- Decorize, Inc. (BULLETIN BOARD: DCZI) , a recognized leader in the home accents industry, announced today that it has recorded an Operating Profit of $37,000 for the Company's fiscal third quarter, which ended March 31, 2008, compared to an operating loss for the same period last fiscal year. Gross margins jumped 270 basis points over third quarter last fiscal year and 210 basis points over last quarter. New sales orders for lamps designed by Christi Proctor, one of the original "Trading Spaces" designers, and J. Michael Sandel continue to grow Decorize's Guildmaster brand.
"The improvements in gross margins are huge compared to results reported by comparable companies in this industry," 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 continuing to build momentum and is producing significant savings for our customers. Our spring Highpoint market was up over 16% versus last year," noted Mr. Crowder. "Our backlog of sales orders going in to our fourth quarter is strong and coupled with our recently announced debt restructuring we are forecasting improved financial performance for the next quarter."
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
