From Home Furnishing Business
Decorize Leaves American Stock Exchange
2007 by in UnCategorized
By Home Furnishings Business in Accessories on May 2007
Springfield, Mo.-based Decorize, which supplies home accents and accessories to a number of large furniture retailers, announced Monday that trading in the companys shares was suspended by the American Stock Exchange on Friday.
As the company reported in April, the move was anticipated and it 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. In the interim, the stock can be traded in the Pink Sheets under the symbol DCZI.
CEO Steve Crowder said, 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
Founded in 2000, Decorize has developed a vertically integrated design, sourcing and logistics model that reduces costs traditionally channeled into home furnishings. The company has served more than 3,000 small and large retail accounts, including national brand names such as, Broyhill Furniture Industries, Bombay Company, Wal-Mart and Rooms To Go.