The Research Works, Inc. Announces Investment Opinion on INTERIORS Inc.Business Editors Note to Editors: The following is an investment opinion issued by INTERIORS, Inc. MT. VERNON, N.Y.--(BUSINESS WIRE)--Sept. 18, 2000 Coverage Initiated Coverage Initiated When a brokerage or analyst issues his/her first rating on a particular stock. Notes: The media usually states Joe's Brokerage initiates coverage on Boston Beer Company with a strong buy. on INTERIORS By The Research Works, Inc. INTERIORS, INC. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : INTXA) today announced that The Research Works, Inc., an independent research firm, has released a Research Report on the Company. The Report is available via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at the following website: www.stocksontheweb.com. William J. Ritger, a Registered Investment Advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in with The Research Works, Inc., commented that, "We believe that a significant turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. is in prospect for this leading provider of decorative home accessories." About INTERIORS... INTERIORS is a rapidly expanding manufacturer and marketer of quality decorative accessories for the home. One of the nation's largest home decor companies, INTERIORS designs, manufactures and markets more than 10,000 products sold through many of the nation's leading home furnishing chains. The Company has pursued an aggressive acquisition strategy in the highly fragmented frag·ment n. 1. A small part broken off or detached. 2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript. 3. $54 billion decorative accents industry. As a result, revenues have increased to $170.3 million for the fiscal year ended June 30, 2000 from $80.4 million the previous year. The Company's long term strategy is to further enhance sales by taking advantage of cross-merchandising opportunities and to differentiate itself from its competition by offering "whole-room" life-style solutions that make assembling a coordinated, decorator look easier for both retailers and consumers. You are welcome to visit the Company's Petals.com website at: http://www.petals.com. Forward Looking Statements... Statements made in this news release that relate to future plans, events or performances, including revenue growth for Petals, are 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. which may involve known and unknown risks, including Petals ability to successfully increase its capacity, 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. |
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