DALLAS, April 26, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of Ever-Glory International Group Inc. (OTCBB:EGLY). Ever-Glory engages in the international garment manufacturing business for primarily middle to high-grade well-known casual wear, outwear and sportswear brands. The company's U.S. headquarters is based in Los Angeles, CA. Ever-Glory also wholly owns a subsidiary company, Nanjing Glodenway Garment Co. Ltd. located in China. Through use of a large network of global garment manufacturers Ever-Glory has set strategic marketing and logistics channels in Japan, the United States, Europe and other places. They have succeeded in forging long-term partnerships with many world-famous clothing companies and large-scale retailing chains and have strategic business partners in countries including China, Europe and the U.S. Ever-Glory products are sold in China and exported to Japan, USA and European markets. In ten years of business, Ever-Glory has seen a steady 30% increase in annual sales.
The Company cooperates with well-respected garment retailer chains such as ITOYOKADO, UNIQLO, Debenhams, GAP, and ABERCROMBIE & FITCH (ANF), 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 LEVI'S, GUESS (GES), OLDNAVY and others. As of early 2006, the market distribution is segmented as 35% in Japan, 50% in Europe and the 15% in the United States.
To view the StockGuru.com Profile for Ever-Glory International Group Inc., please visit:
http://www.stockguru.com/profiles/egly/index.php
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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.
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