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Press Release Source: Ever-Glory International Group Inc.
Order in Excess of $2,000,000 between Ever-Glory and Matalan Friday August 4, 4:46 pm ET
LOS ANGELES, Aug. 4, 2006 (PRIMEZONE) -- Ever-Glory International Group (OTC BB:EGLY.OB - News) (Frankfurt:E4G.F - News), a multinational enterprise specializing in garment manufacturing and exports recently announced new order amounting to more than $2,000,000 with Matalan Retail Limited (Matalan). ADVERTISEMENT
``Matalan is one of the U.K.'s leading clothing and homeware retailers, offering quality fashion and homeware at as little as half the equivalent market-high prices,'' commented Edward Kang, President and CEO of Ever-Glory International Group. Ever-Glory's expectation is to see its products and code of ethics spread to many customers through Matalan. It is Ever-Glory's hope that doing business with Matalan and other leading clothing retailers will help to assure that strong, new and popular concepts in fashion and living are continually developed.
In closing, Mr. Kang stated, ``Ever-Glory has now signed many manufacturing contracts with famous garment enterprises throughout the world. With Ever-Glory's focus on developing additional new business in the European and American markets in the near future, it is important to continue developing good working relationships with companies such as Matalan.''
About Ever-Glory International Group
Ever-Glory International Group (OTC BB:EGLY.OB - News) (Frankfurt:E4G.F - News) is a U.S. publicly traded company engaged in international garment manufacturing for well-known middle to high-grade casual, outer, and sportswear brands. The company's U.S. headquarters is based in Los Angeles, CA, although Ever-Glory also owns a full subsidiary company, Nanjing Goldenway Garments Co. Ltd. located in China. Ever-Glory has strategic business partners in countries including China, Europe and the U.S. The Company cooperates with well-respected garment retailer chains such as ITOCHU, ABERCROMBIE & FITCH (ANF), SHINKO, DEBENHAMS, NEXT, OTTO, C&A, I.Y., etc. in handling high and middle grade casual-wear and sportswear. The company entered into production and sale cooperation agreements with a number of internationally famous brands such as MATALAN, EB, BEST-SELLER, BB DAKOTA, FAT FACE, LINDEX, and JUST JEANS, etc. The company employs about 700 people. At present, the market distribution is segmented as 35% in Japan, 50% in Europe and 15% in the United States.
Matalan offers something for all the family. With an average 30,000 sq. ft per store, Matalan's product range offers a comprehensive selection of quality homewares, ladies', men's and children's clothing and footwear -- all under one roof. With the latest key looks for the season, from modern basics to classic styles, customers can choose from a range of in-house brands, as well as top fashion names including Wrangler, Falmer, Wonderbra, Wolsey and Lee Cooper.
This press release contains certain ``forward-looking statements,'' as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors are detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities.
Contact: Ever-Glory International Group Ms. Sarah Liu (626) 839.9116 info*everglorygroup.com
-------------------------------------------------------------------------------- Source: Ever-Glory International Group Inc.
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