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Technology Stocks : INTXA - Interiors Inc. Internet Store -- Ignore unavailable to you. Want to Upgrade?

To: Jon K. who wrote (157)	4/6/1999 1:29:00 PM
From: Curbstone	Respond to of 186

Interiors, Inc. Receives Additional $4.1Million From Redemption of Warrants; Company Received Approximately$17.2 Million From Exercise Of Warrants April 6, 1999 08:09 AM MOUNT VERNON, N.Y.--(BUSINESS WIRE)--April 6, 1999--Interiors, Inc. INTXA (the "Company") today announced that it has received additional proceeds of approximately $4.1 million, resulting from the exercise of additional Class WB Warrants (Class A Common Stock) and Class WC Warrants (Series A Preferred Stock). In total, the Company issued, in connection with the exercise of these and previous warrants, approximately 2,696,632 shares of Class A Common Stock and approximately 2,152,485 shares of Series A Preferred Stock. As previously disclosed, the Company redeemed the remaining 919,251 Class WB Warrants and 171,020 Class WC Warrants that were not exercised as of the close of trading on Friday, March 19, 1999, for aggregate consideration of $10,902.71, or $0.01 per warrant. As a result there are no longer any Class WB Warrants or Class WC Warrants issued or outstanding. The proceeds received from the exercise of the above warrants will be used to fund the continued growth of the Company, future acquisitions, the repayment of outstanding debt, as well as for general corporate purposes. 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 during the last twelve months from $13.4 million to approximately $150 million.