Design within Reach, Inc. Hosts 2004 Partner Summit; Company Cultivates Vendor Relationships and Shares Outlook for 2005.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Design Within Reach, Inc. (Nasdaq:DWRI DWRI Developmental Writing (college course) ) today hosted its second bi-annual Partner Summit at Company headquarters in San Francisco. The two-day event, which concludes today, enables Design Within Reach's senior management team to communicate the Company's expansion strategy to its partners, including designers, manufacturers, printers, transportation and logistics companies. The theme of the 2004 Partner Summit is "Growing Together," in acknowledgement of the most important aspects of Design Within Reach's success -- shared vision and strong relationships throughout the Company's vendor community. Over 160 vendors traveled from over 10 countries, including Italy, France, Spain, the Netherlands and Israel, to participate in the 2004 Partner Summit. "The Partner Summit is a unique and wonderful opportunity for Design Within Reach to welcome our business partners and share our vision for the future," said Wayne Badovinus, President and Chief Executive Officer. "We are delighted with the strong turnout and are extremely grateful for our partnerships as it is their extraordinary products and services that have helped us to transform a bold idea to create a marketplace for modern design into a thriving business." Mr. Badovinus continued, "With our partners' continued support, we plan to grow the Design Within Reach marketplace by opening additional studios, expanding and refining our exciting product assortment, providing a superior customer experience, and increasing market awareness and appreciation for design products. In 2005, we plan to open approximately 16-18 studios, increase catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. circulation by approximately 25% and grow annual sales 30-35% to $152-$157 million." About Design Within Reach, Inc. Design Within Reach, Inc., founded in 1998 and headquartered in San Francisco, is an integrated multi-channel provider of distinctive modern design furnishings furnishings the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. and accessories. The Company markets and sells its products to both residential and commercial customers nationwide through the DWR DWR Design Within Reach DWR Department of Water Resources DWR Direct Web Remoting (Easy Ajax for Java) DWR Durable Water Repellency DWR Delayed Word Recall (medical testing) DWR Driving While Revoked catalog, studios, website and direct sales force, and a single common "in stock and ready to ship" inventory. This press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including statements related to anticipated revenues, expenses, earnings, operating cash flows Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. , the outlook for Design With Reach's markets and the demand for its products. Factors that could cause Design With Reach's actual results to differ materially from these forward-looking statements include its ability to effectively market and sell products in diverse market segments, its reliance on a limited number of products and third-party vendors and distributors, its ability to expand studio operations, increases in fulfillment costs, disruptions to information technology systems, unpredictable events An Unpredictable Event is an event in which the predictability cannot be measured. An unpredictable event is usually an unfavorable event, because people tend not to plan an unfavorable event. Its result, most likely, affects many lives. and circumstances relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc international suppliers, increased competition, government regulatory action and general economic conditions. Please refer to our reports and filings with the Securities and Exchange Commission, including our most recent 10-Q and S-1 IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. filing, for a further discussion of these risks and uncertainties. We also caution you not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events. "Design Within Reach" is a registered trademark of Design Within Reach, Inc. |
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