SAN FRANCISCO, Feb. 2, 2006 (PRIMEZONE) -- Ever-Glory International Group (OTCBB:EGLY), a multinational enterprise specializing in garment manufacturing and exports, recently announced a new agreement by which they will be a supplier of the Denmark founded clothing company, Bestseller. The initial order agreement is in the amount of $1,400,000.
Bestseller's products have a tradition of "luxury" by use of the finest fabrics, details and colors. Therefore, it is a great compliment to the overall quality of Ever-Glory production that Bestseller has chosen to fully trust Ever-Glory to manufacture their lines of products. Ever-Glory looks forward to the possibility of continued relations with Bestseller, which has the philosophy to "sell more at lower prices."
Edward Kang, President and CEO of Ever-Glory Group commented, "Bestseller's design style is aimed at creating a super fashionable look for young people in urban environments. Ever-Glory will enhance its designing ability and increase profits by machining garments for Bestseller. With more than 1,800 Bestseller shops in over 30 countries, it is certain that Ever-Glory-made Bestseller products will travel to many markets throughout the world."
About Ever-Glory International Group
Ever-Glory International Group (OTCBB:EGLY) 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 marketing and logistics channels located in, Japan, Europe, and United States and has strategic business partners in countries and regions including China, Hong Kong, the U.S., and the U.K. The Company has long-term partnerships with many world-famous clothing companies and retailing chains. The company employs about 700 people.
For more information about Ever-Glory International Group, please visit: http://www.everglorygroup.com.
About Bestseller
Bestseller is a family-owned clothing company founded in Denmark in 1975 by Troels Holch Povlsen. Approximately 13,000 people work at Bestseller in more than 30 countries designing, developing, selling and marketing Bestseller's brands. Bestseller's clothes and accessories target young women, men, teenagers and children and are sold under a variety of brand names in Europe, the Middle East, China, and Canada through chain stores and more than 12,000 independent retailers. Bestseller's turnover in 2004 was DKK 5.5 billion not including turnover and earnings for China and related retail turnover.
For more information about Bestseller, please visit: www.bestseller.com
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.