PEMBROKE PINES, Fla.,
Dec. 16, 2010 /PRNewswire-FirstCall/
--Decorator Industries, Inc. (Amex: DII), a leading supplier of
interior furnishings for the hospitality, manufactured housing
("MH") and recreational vehicle ("RV") industries, announced that
NYSE/AMEX has notified the Company that it will lift, effective
immediately, the trading halt in the Company's common stock.
The Company has filed its 10-Q for the third quarter ended
October 2, 2010 and is current with
its SEC filing obligations and is in compliance with all NYSE Amex
listing standards. The Exchange will be lifting the trading halt as
a result of the Company's compliance.
As previously announced, the Company, as a cost-saving matter,
intends to delist its common stock from AMEX and deregister its
common stock under the Securities Exchange Act of 1934. The
delisting will be effective the morning of December 21, 2010.
STATEMENTS CONTAINED IN THIS RELEASE THAT ARE NOT HISTORICAL
FACTS ARE FORWARD-LOOKING STATEMENTS THAT COULD DIFFER MATERIALLY
FROM ACTUAL RESULTS. PRIMARY FACTORS THAT COULD CAUSE ACTUAL
RESULTS TO MATERIALLY DIFFER FROM THOSE IN THE FORWARD-LOOKING
STATEMENTS ARE THE COMPANY'S ABILITY TO SUCCESSFULLY RENEGOTIATE OR
REPLACE ITS LINE-OF-CREDIT, THE COMPANY'S ABILITY TO DELIST AND
DEREGISTER ITS COMMON STOCK AND OTHER FACTORS.
DECORATOR INDUSTRIES, INC., FOUNDED IN 1953, DESIGNS
MANUFACTURES AND SELLS INTERIOR FURNISHING PRODUCTS, PRINCIPALLY
DRAPERIES, CURTAINS, SHADES, BLINDS, VALANCE BOARDS,
BEDSPREADS, COMFORTERS, PILLOWS, CUSHIONS AND TRAILER
TENTS. DECORATOR IS A LEADING SUPPLIER TO THE MANUFACTURED
HOUSING AND RECREATIONAL VEHICLE MARKETS AND IS A GROWING SUPPLIER
TO THE LODGING INDUSTRY.
SOURCE Decorator Industries, Inc.