RIDGEFIELD, Conn., Nov. 2 /PRNewswire-FirstCall/ -- Petals Decorative Accents, Inc. (OTC:PDEC) (BULLETIN BOARD: PDEC) (the "Company") is pleased to announce the appointment of Gregory Powell as its new chief financial officer. Mr. Powell joined the Company on October 23, 2006. Prior to joining the Company, Mr. Powell served as the chief financial officer of Spiegel Brands, Inc., a direct response retailer of apparel and home furnishings based in New York, New York. Prior to his affiliation with Spiegel Brands, Mr. Powell served as the Vice President of Merchandise Planning and Inventory Control for the Direct Sales Division of J. Crew Group, Inc. With over 16 years of experience in the direct marketing industry, Mr. Powell is considered an invaluable addition to the Company's management team. The Company's Chief Executive Officer, Chris Topping, stated that "Greg is a highly respected direct marketing executive who will provide Petals with the type of fiscal leadership that will help profitably grow the Petals brand." About Petals: Petals (http://www.petals.com/), headquartered in Ridgefield, CT, is a premier direct marketer of silk flowers and home accessories in the United States. "Forward-Looking Statements" Investors are cautioned that certain statements contained in this press release, as well as some statements in periodic press releases and some oral statements of the Company's officers and directors during presentations, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: insufficient cash flow to continue to fund the marketing of the Company's products and a rejection of the Company's products by the marketplace. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about the Company, its products, economic and market factors and the markets the Company does business, among other things. These statements are not guarantees of future performance and the Company has no specific intention to update these statements. More detailed information about those factors is contained in the Company's filings with the Securities and Exchange Commission. http://www.sec.gov/. DATASOURCE: Petals Decorative Accents, Inc. CONTACT: Chris Topping of Petals Decorative Accents, Inc., +1-203-431-3300 Web site: http://www.petals.com/ http://www.sec.gov/

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