Here is the intxa news -
( BW)(NY-INTERIORS)(INTXA) Interiors Inc. to Redeem All Class WC
Preferred and WB Common Warrants
Business Editors
MT. VERNON, N.Y.--(BUSINESS WIRE)--Feb. 19, 1999 - Interiors, Inc. (NASDAQ:
INTXA) (the "Company") today announced that it has caused to be mailed to the individual holders of
record of all outstanding Class WC Warrants (CUSIP No. 4586 88 132) (the "WC Warrants"), and
Class WB Warrants (CUSIP No. 4586 88 124) (the "WB Warrants"), each of which entitles the
respective holders thereof to purchase one share of the company's Series A 10% Cumulative
Convertible Preferred Stock or one share of the company's Class A Common Stock, a Notice of
Redemption of all outstanding WC Warrants or WB Warrants, as the case may be.
The Notices of Redemption provide that the Company will redeem all outstanding WC Warrants
and WB Warrants on March 20, 1999, at a redemption price of $0.01 per warrant (the "Redemption
Price").
Payment of the Redemption Price will be made only upon presentation and surrender of the WC
Warrants or WB Warrants (either in person or by mail, and in all cases, together with a Letter of
Transmittal that will be delivered to the registered holders with the Notice of Redemption) by the
registered holder thereof to American Stock Transfer & Trust Company, 40 Wall Street, 46th Floor,
New York, New York 10005, Attention: Exchange Department.
The right to exercise the WC Warrants and WB Warrants shall terminate at 5:00 p.m., New York
City time, on March 20, 1999. Prior to such time, Fairchild Financial Group, Inc. will be available to
assist each registered holder of both WC Warrants and WB Warrants in connection with the exercise
thereof, at the respective exercise prices of $5.50 for each share of preferred stock and $2.00 for each
share of common stock. A registered holder seeking assistance in connection with the exercise of his or
her WC Warrants or WB Warrants prior to the time the right to exercise terminates should contact
Ms. T. Wendy Chen, Fairchild Financial Group, Inc., 99 Wall Street, Suite 400, New York, New
York 10005, telephone (212) 558-5200. A registered holder seeking assistance in connection with the
exercise of his or her WC Warrants or WB Warrants, prior to the time the right to exercise terminates
may also contact his or her own broker.
The method of delivery, presentation and surrender to American Stock Transfer & Trust Company
of WC Warrants and WB Warrants for redemption (together with a properly completed, dated and
signed Letter of Transmittal) is more fully set forth in the Notice of Redemption. If any registered holder
of either a WC Warrant or WB Warrant has not received a copy of the Notice of Redemption and
form of Letter of Transmittal, which are being mailed on, or about February 17, 1999, such holder may
submit a written request for copies of such documents to American Stock Transfer & Trust Company
in writing at 40 Wall Street, 46th Floor, New York, New York 10005, Attention: Exchange
Department.
Interiors, Inc. designs, manufactures, and markets a wide range of quality decorative accessories,
with more than 5,000 products for the home furnishings industry. The Company's strategic plan is to
continue its growth as a leading "single-source" provider of decorative home furnishing accessories
through acquisition and internal growth.
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.
--30--es/ny* de
CONTACT: Interiors, Inc.
Max Munn, President
914/665-5400, Ext. 801
or
Strategic Growth International, Inc.
Stan Altschuler
516/829-7111
KEYWORD: NEW YORK
INDUSTRY KEYWORD: TEXTILES/APPAREL |
