Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (13527)	7/22/1999 10:20:00 AM
From: Qone0	Read Replies (1) \| Respond to of 13776

Interiors, Inc. Expects Record Sales for the Fiscal Fourth Quarter Net Sales Expected to Exceed $35.0 Million MT. VERNON, N.Y.--(BUSINESS WIRE)--July 22, 1999--Interiors, Inc. (NASDAQ: INTXA - news) today announced that it expects net sales for the fiscal fourth quarter ending June 30, 1999 to exceed $35.0 million, which represents a 385% increase from the same period a year ago. Net sales are also expected to grow $15.5 million from the fiscal third quarter ended March 31, 1999, an increase of 80%. The Company's net sales for the fourth quarter will include three full months of revenues generated by the Company's most recent acquisitions, Stylecraft Lamps, Inc., Petals, Inc. and Model Home Interiors, Inc., all consummated during the fiscal third quarter. ''This is the first full quarter that will give effect to all our acquisitions, including our most recently acquired and profitable subsidiaries,'' said Max Munn, Chairman and President of Interiors. ''These recent acquisitions are performing as we had anticipated when we acquired them. By implementing our internal growth strategies, we hope to increase both their sales and profitability during the next fiscal year.'' ''Many people have asked about news regarding the Company and its plans,'' said Mr. Munn. ''Now that we have completed our 1999 fiscal year, we will look to continue our acquisition strategy, increase our distribution capabilities utilizing the internet and expand the Company's exposure by retaining an investment banker. Given the incredible growth of the Company to date, I am excited by the opportunities that will be available to us over the coming year.'' 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 over $150.0 million during the past year. This statement contains certain forward-looking statements, such as those relating to net sales and earnings, 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. ------------------------------------------------------------------------ Contact: Interiors, Inc. Max Munn, President 914/665-5400 Ext. 801