Furniture Today,
SPRINGFIELD, Mo. — Faced with de-listing by the American Stock Exchange, home accents producer and distributor Decorize Inc. is

seeking to have its common stock traded on the Over the Counter Bulletin Board.

The company said it expects the Amex to remove its listing no later than Friday, but said the transition to the Bulletin Board, also known at the OTCBB, probably won’t be completed by then.

Decorize said it began the process of moving to the OTCBB prior to receiving a de-listing notice from the Amex.

“The board of directors has determined that the Bulletin Board would provide sufficient liquidity for its shareholders and that the company would obtain savings from not having to pay significant Amex listing fees,” Decorize said in a statement.

Decorize originally received a de-listing notice from Amex in December 2012, and the company submitted a plan that allowed its stock to continue to trade on the exchange while it worked to regain compliance with listing requirements.

However, the most recent Amex notice said the company had failed to maintain the minimum shareholders equity of $2 million that was required under the plan.

“Decorize has recently achieved profitability, is generating positive cash flow, and our year-to-date financial results clearly illustrate the tremendous progress we have made,” said Steve Crowder, CEO. “We do not believe it would be in the best interest of our shareholders to raise equity just to meet the Amex requirement.”