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.