>>Does anyone know when
earnings will be released?<<
Most likely August 23.
Glad to hear INTXA is not buying DECG.
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Wednesday August 4, 8:15 am Eastern Time
Company Press Release
Interiors, Inc. Terminates Agreement to Acquire Decor
Group, Inc.
MT. VERNON, N.Y.--(BUSINESS WIRE)--Aug. 4, 1999--Interiors, Inc. (NASDAQ: INTXA - news) and Decor Group,
Inc. (OTC: DECG - news) today announced that Interiors terminated the merger agreement pursuant to which Interiors was to
acquire each outstanding share of Decor in exchange for one-half of a share of Interiors.
''Since the transaction was announced, Interiors' business has changed considerably,'' said Max Munn, President and
Chairman of Interiors, Inc. ''Interiors' annualized pro forma revenues have grown from $13.3 million to approximately $155.0
million during the past year and we have demonstrated our ability to make successful acquisitions. While the acquisition of
Decor, on the terms previously announced, no longer makes sense for Interiors, I expect that the two companies will continue
to explore other transactions or strategic alternatives. Of course, there can be no assurance that any transaction ultimately will
be consummated.''
Interiors, Inc. is a rapidly growing designer, manufacturer, and marketer of a wide range of decorative accessories for the home
furnishings industry. Through its acquisition strategy, annualized pro forma revenues have increased from $13.3 million to
approximately $155.0 million during the past year.
NASDAQ SYMBOLS: INTXA - Class A Common Stock INTXP - Series A Preferred Stock
This statement contains certain forward-looking statements, which may involve known and unknown risks, uncertainties, and
other factors not under the Company's control which may cause actual results, performance and achievements of the Company
to be materially different from the results, performance, or expectations of the Company. These factors include, but are not
limited to those detailed in the Company's periodic filings with the Securities and Exchange Commission.
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