SPRINGFIELD, Mo., May 17, 2006 (PRIMEZONE) -- Decorize, Inc. (AMEX:DCZ) announced today that they have signed a Letter of Intent with Jamie Drake: Glamour Home LLC, a New York-based company founded by internationally renowned designer Jamie Drake. Drake is known for his bold, polished designs that have been published in Architectural Digest, Elle Decor and House Beautiful in addition to numerous other national and international publications. A member of The Interior Design Hall of Fame, Drake is perceived in the interior design community and the press as a true trendsetter. His clients include Madonna and Michael Bloomberg and notably the renovation of Gracie Mansion, ceremonial residence for the mayors of New York. He has made personal appearances on CNN, Bloomberg TV, America's 10 Most Beautiful Homes and HGTV. Decorize and Jamie Drake: Glamour Home intend to leverage the strengths of Decorize's manufacturing and distribution model with Drake's design capability to create a Jamie Drake home decor brand in the luxury market. "Decorize has positioned itself as a innovative design company focused on the mid to high end consumer," said Steve Crowder, President and Chief Executive Officer of Decorize Inc. "The partnership with Jamie Drake will broaden our design capability and customer base." The collection will be offered to national retailers providing exceptional products under a designer name. In addition to Jamie Drake, fashion industry veterans Henry and Barbara Bolan are the founders of Jamie Drake: Glamour Home. Their company, The Bolan Group Ltd, specializes in product development, design and project management for luxury manufacturers and retailers.
"We selected Decorize as a partner because of their ability to develop and manufacture multiple home furnishing categories. Their global supply chain and strong brand management will be a real asset for us," said Henry Bolan, Jamie Drake: Glamour Home Chief Executive Officer. For more information on Jamie Drake, visit www.drakedesignassociates.com.
Jamie Drake: Glamour Home is represented by GreenHills Global Private Wealth Management and is acting as advisors and business consultants to the company as part of its relationship with Decorize, Inc. For more on GreenHills Ventures, visit www.GreenHillsVentures.com
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 La-Z-Boy, Bombay Company, 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.