SPRINGFIELD, Mo., March 10, 2006 (PRIMEZONE) -- Decorize, Inc. (AMEX:DCZ), a leading supplier and manufacturer of home accents, reported today that its Board of Directors has approved a resolution to decrease the number of members of the Board of Directors from six to four members, effective immediately. Concurrently, the Board accepted the resignation of Mr. James Parsons and Mr. Michael Sandel as directors.
To the knowledge of Decorize's executive officers, Mr. Parsons' and Mr. Sandel's resignations were not due to any disagreement with Decorize's operations, policies or practices, but were done to decrease the number of inside directors. Mr. James Parsons will continue to serve as Executive Vice President of Product Development of the Company following his resignation from the Board of Directors. Likewise, Mr. Michael Sandel will continue in his role as Vice President of Product Development following his resignation from the Board of Directors.
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 La-Z-Boy, Hancock Fabrics, May/Federated Stores, Neiman Marcus, Rooms To Go, and Sears-The Great Indoors.
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.