Shareholders Agree to Convert $3,000,000 of Debt to Equity SPRINGFIELD, Mo., Nov. 5 /PRNewswire-FirstCall/ -- Decorize, Inc. a recognized leader in the home furnishings and accessories industry announced a major recapitalization of the Company and a name change to GuildMaster, Inc. The Company, now known as GuildMaster, Inc., recently concluded a major recapitalization with the backing of its largest shareholders. The recapitalization allowed the Company to shed more than $3,000,000 of debt and all of its outstanding preferred stock in exchange for equity. The exchange, which occurred concurrent with the reverse stock split described below, was priced above the then-current market price of the Company's common stock. The Company also raised an additional $560,000 through the sale of common stock. "The commitment shown by our shareholders through their willingness to participate in the recapitalization is a clear vote of confidence in the Company's management team and our vertically integrated business model," said President and Chief Executive Officer Steve Crowder. "The capital infusion and the conversion of $3,000,000 of debt and all of our outstanding preferred stock to equity has resulted in a rock-solid balance sheet and positions the Company as a leading competitor to be reckoned with in the home furnishings and accessories industry. We anticipate our fiscal year 2010 which ends June 30, 2010 will be our most profitable year ever." Mr. Crowder went on to explain the Company's name change. "For years, the GuildMaster brand has been known throughout the industry for its compelling hand-crafted designs and old world custom finishes. Officially changing our name to GuildMaster, Inc. allows us to capitalize on the goodwill associated with the GuildMaster brand." In connection with the recapitalization, the Company's Board of Directors authorized a one-for-five reverse split of its common stock. The reverse split became effective on November 4, 2009. Stockholders will be receiving more information concerning the reverse stock split within the next 10 days. Effective November 4, 2009 the Company's stock began trading on the Pink Sheets under the symbol "GLDU". About GuildMaster GuildMaster, Inc. specializes in designing, manufacturing and delivering the finest premium home accents directly from its production facilities in Indonesia and China to retailers across the U.S. The company has developed a vertically integrated design, sourcing and logistics model that reduces costs traditionally channeled into home furnishings. This model allows the company to remain on the leading edge of the market by identifying trends and developing product significantly faster than others. Because of its vertical integration, GuildMaster is able to serve its customers with shortened delivery times for custom orders. GuildMaster serves more than 3,000 retail accounts, including national brand names such as Neiman Marcus, May/Federated Stores, Rooms To Go, Broyhill Furniture Industries, Dillards, OfficeMax, Home Depot, and Sears-The Great Indoors. For more information, visit the GuildMaster web site at http://www.guildmaster.com/ or on facebook at http://www.facebook.com/pages/GuildMaster-on-Tour/47980244486 Safe Harbor Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements about the future performance of GuildMaster, economic trends, and other forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including and without limitation, continued acceptance of GuildMaster's products, increased levels of competition for the company, new products and technological changes, GuildMaster's dependence on third-party suppliers, and other risks. GuildMaster provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Contact GuildMaster, Inc. Steve Crowder, CEO (417) 879-3326 DATASOURCE: Decorize, Inc. CONTACT: Steve Crowder, CEO, GuildMaster, Inc., +1-417-879-3326, Web Site: http://www.guildmaster.com/

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