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NEWS OUT!! Ka Wang Announces That Their Wholesale Division Sales Are Expected to Double in 2007 Monday July 2, 8:30 am ET
LAS VEGAS, NV--(MARKET WIRE)--Jul 2, 2007 -- Ka Wang Holding, Inc. (Other OTC:KWGI.PK - News), parent company of Ka Wang Department Stores, located in Southern China, announces that their wholesale manufacturing division is growing faster than anticipated and should reach $40,000,000 for 2007 compared to $22,000,000 for 2006. The primary source of the wholesale revenues is for clothing manufactured for private label retailers. Mr. Mio Lok Tin, CEO of Ka Wang, said, "The future is very bright for the Company and expects that the increasing production requirements will continue through the fall and into next year."
ADVERTISEMENT About Ka Wang Holding, Inc.
Ka Wang Holding, Inc., parent company of Ka Wang Department Stores in Southern China, has been operating since 1980. Their main business is high-end designer clothing for men and women. Ka Wang carries many of the top brands and has joint ventured with the famous Italian design brand "Jagger" to be their sole agency in the Far East. From one store in 1980, Ka Wang has expanded into 70 retail stores (including the acquisition of Hunan Golden Dragon). They also have their own manufacturing factory where they design, research and develop their own clothing lines for wholesale and retail customers. With the standard of living in China improving, the general population is becoming more conscious of designer wear labels. Ka Wang's 2006 sales reached 80 million with net income exceeding 30%.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Contact:
For additional information, please contact: Ka Wang Holding, Inc. Ruzao Zheng (702) 995-0477 The Website address is http://jagger.com.cn
Sir-Lawrence
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KWGI up 25%
Sir-Lawrence
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great fundamentals to support PPS
IMAKEMONEY
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KWGI -- Ka Wang Holding, Inc. Com (1 Cent) Search for Dun & Bradstreet reports on this company.
Address: 4525 Dean Martin Drive Suite 1112 Las Vegas, NV 89103 USA
Phone: 702-995-0477
Business Description: Ka Wang Holding Inc. parent company of Ka Wang Department Stores in Southern China has been operating since 1980. Their main business is high end designer clothing for men and women. Ka Wang carries many of the top Italian brands and are the sole agency in the far east for these lines. From one store in 1980 Ka Wang has expanded into 70 retail stores in the southern part of China. Along with name brands, they also have their own manufacturing factory where they design, research and develop their own clothing lines for wholesale and retail customers.
Primary State of Incorporation: Florida
Country of Incorporation: USA Year of Incorporation 1980
Officers: Mio Lok Tim, CEO/President/Secretary/CFO; Ruzao Zheng, Dir.
Fiscal Year End: December 31
Edgar Filing Status: Current EDGAR Filer
CIK: 0000748103
Outstanding Shares: 50,224,969 as of 2007-04-26
Estimated Market Cap: 80.359M as of 2007-06-29 (based on Outstanding Shares as of 2007-04-26) Authorized Shares: 150,000,000 as of 2007-04-26 Float: 23,270 as of 2005-09-20 Number of Shareholders of Record: 136 as of 2007-04-26
Current Capital Change: shs decreased by 1 for 22 split Ex-Date: Record Date: Pay Date: 2007-03-21
Dividends:
Company Notes: Formerly=American Business Computers Corp. until 5-96 Formerly=ABC Dispensing Technologies, Inc. until 3-07
Class Notes: Capital Change=shs decreased by 1 for 1,000 split. Pay date=9-21-05
Transfer Agent: Transfer Online, Portland, OR 97204
Proposed Disclosure Category: No Information
Sir-Lawrence
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a good company and good fundamentals, small float makes for a great stock IMO
gumzsa
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I just bought some of this at .35/PPS after I read this PR then it dropped to .21/PPS Eod.
I hope it rebounds. It looks like they are making some loot.
Aug 29, 2007 9:10:41 AM
LAS VEGAS, NV, Aug 29, 2007 (MARKET WIRE via COMTEX News Network) --
Ka Wang Holding, Inc. (PINKSHEETS: KWGI) parent company of Ka Wang Department Stores in Southern China announces the signing of a $30,000,000 contract to produce their patented blue jean fabric for one of the largest textile companies in the Hunan Providence in Northern China.
This contract involves the delivery of 2265 metric tons over the next year of this newly developed high density, soft as cotton, fabric material.
This new-patented blue jean fabric has become one of the best selling products for Ka Wang's wholesale division.
Ka Wang has a well respected, state-of-the-art research and development department in the process of developing a number of other new products for future introduction to the world market.
About Ka Wang Holding, Inc.
Ka Wang Holding, Inc., parent company of Ka Wang Department Stores in Southern China, has been operating since 1980. Their main business is high-end designer clothing for men and women. Ka Wang carries many of the top brands and has joint ventured with the famous Italian design brand "Jagger" to be their sole agency in the Far East. From one store in 1980, Ka Wang has expanded into 70 retail stores (including the acquisition of Hunan Golden Dragon). They also have their own manufacturing factory where they design, research and develop their own clothing lines for wholesale and retail customers. With the standard of living in China improving, the general population is becoming more conscious of designer wear labels. Ka Wang's 2006 sales reached 80 million with net income exceeding 30%.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
For additional information, please contact: Ka Wang Holding, Inc. Ruzao Zheng (702) 995-0477
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