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Forward-Looking Statements
This presentation may contain “forward-looking statements,” within the meaning of federal securities laws, which include information
concerning the Company’s plans, objectives, goals, strategies, future revenues or performance, financing needs and other information that is
not historical information. When used in this presentation, the words “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,”
“believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking
statements, including without limitation, the Company’s expectations regarding improving the quality and range of existing products,
improving transportation and network design increasing brand awareness and adding new marketing initiatives, international and domestic
growth opportunities, increasing effectiveness with retailers, increasing market share, improving gross margin strengthening direct channel
and online sales efforts, , consumer preferences and behavior, meeting financial obligations, cost and operating expense reductions and
cash flow generation, are based upon current expectations and beliefs and various assumptions. There can be no assurance that the
Company will realize these expectations or that these beliefs will prove correct.
There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements
contained in this presentation. Numerous factors, many of which are beyond the Company’s control, could cause actual results to differ
materially from those expressed as forward-looking statements. These risk factors include general economic and industry conditions,
particularly in the retail sector, as well as consumer confidence and the availability of consumer financing; the Company’s ability to reduce
expenses to align with reduced sales levels; uncertainties arising from global events; the effects of changes in foreign exchange rates on the
Company’s reported earnings; consumer acceptance of the Company’s products; industry competition; the efficiency and effectiveness of
the Company’s advertising campaigns and other marketing programs; the Company’s ability to increase sales productivity within existing
retail accounts and to further penetrate the U.S. retail furniture channel, including the timing of opening or expanding within large retail
accounts; the Company’s dependence on its significant customers; the Company’s ability to address issues in certain underperforming
international markets; the Company’s ability to continuously improve its product line, maintain efficient, timely and cost-effective production
and delivery of its products, and manage its growth; changes in foreign tax rates, including the ability to utilize tax loss carry forwards; rising
commodity costs; the Company’s ability to retain members of its senior management team; the effects of increased interest rates; the market
price for the Company’s common stock prevailing from time to time; and the nature of other investment opportunities presented to the
Company from time to time.
Additional information concerning these and other risks and uncertainties are discussed in the Company's filings with the Securities and
Exchange Commission, including without limitation the Company's annual report on Form 10-K under the headings "Special Note Regarding
Forward-Looking Statements" and "Risk Factors". Any forward-looking statement speaks only as of the date on which it is made, and the
Company undertakes no obligation to update any forward-looking statements for any reason, including to reflect events or circumstances
after the date on which such statements are made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
