Tom, why?
Byron , one of the reasons is announced today:
Thursday January 28, 7:02 am Eastern Time
Company Press Release
Interiors, Inc. Announces Agreements
With Excite and Lycos
MT. VERNON, N.Y.--(BUSINESS WIRE)--Jan. 28, 1999--Interiors, Inc. (Nasdaq:INTXA -
news) announced today that it has entered into agreements with EXCITE!, Inc.
(Nasdaq:XCIT-news) and LYCOS, Inc. (Nasdaq:LCOS-news) two major Internet portal
companies.
Under the terms of these agreements Interiors' website, Interiors.com, which is currently being
developed, will be directly accessible through www.excite.com and www.lycos.com, establishing
easy access for millions of people to view and purchase many of the Company's 5,000 decorative
accessories.
Interiors, Inc. is a premier designer, manufacturer and distributor of decorative accessories for the
home, which are sold nationally through leading national department stores and interior decorators.
Recently, the Company announced its immediate intent to establish an e-commerce presence and
entered into similar agreements with Yahoo.com and Amazon.com. Interiors' extensive product lines
include framed artwork, lighting fixtures and lamps, decorative wall sculpture, museum quality
frames, and fine framed mirrors. Following the scheduled completion of the acquisition of Petals,
Inc., Interiors.com will also feature the industry's largest selection of decorative silk floral
arrangements, plants and trees. Together, this array of products will represent the largest assemblage
of decorative home accessories available to consumers over the Internet.
Max Munn, President and Chief Executive officer of Interiors, Inc. commented, ''The agreements
with Excite and Lycos are significant steps in the implementation of our e-commerce strategy. Excite
and Lycos are two of the largest and most traveled portals on the worldwide web, and will introduce
our Interiors.com website, when completed, to millions of users of the Internet, who are potential
consumers of our multiple lines of decorative accessories. We will continue to aggressively seek
additional agreements and collaborative affiliations with other Internet portal companies and search
engines to quickly establish Interiors.com as a highly recognized and familiar cyber destination.
Consumers have enthusiastically embraced the Internet and 'e-commerce' through such companies
as America On-Line (NYSE:AOL-news), Yahoo! (Nasdaq:YHOO-news), Ebay
(Nasdaq:EBAY-news) and UBID (Nasdaq:UBID-news). I believe that Interiors.com has the
potential to eventually enjoy a similar level of success.''
About Interiors, Inc.
Interiors, Inc. (Nasdaq:INTXA - news) is a rapidly growing designer, manufacturer, and marketer of
a wide range of quality decorative accessories, with more than 5,000 products for the home
furnishings industry. Through its consolidation strategy consolidated annualized pro-forma revenues
will have increased dramatically over the last eight months from approximately $13 million for
year-end June 1998 to approximately $110 million, following the scheduled completion of the
previously announced acquisitions of Petals, Inc. and Model Home Interiors, Inc.
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. |
