SPRINGFIELD, Mo., May 15, 2006 (PRIMEZONE) -- Decorize, Inc. (AMEX:DCZ) reported a third quarter operating profit of $92,000 compared to an operating loss of $645,000 for the same period last fiscal year. Revenues were up 18% over the same period last fiscal year and 114% over the second quarter of this year.
"The significant improvement is attributed to delivering leading home decor designs to the marketplace," said Chief Executive Officer Steve Crowder. "We have assembled a team of industry veterans that are able to predict fashion trends and quickly design ahead of the competition.
The company's sales order backlog has doubled in the last six months. "We are continuing to make investments in our global supply chain to keep up with the demand and ensure value to our customer. Our overseas factories have doubled production each quarter this fiscal year to keep up with the increased demand."
"The management team has worked extremely hard to position the company for expansion," said Crowder. "We are committed to continuing to create value for our shareholders."
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, Home Depot, 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.