LOS ANGELES, July 10, 2006 (PRIMEZONE) -- Ever-Glory International Group (OTCBB:EGLY) (Frankfurt:E4G) signed an order valued at approximately $1,000,000 with OTTO, a successful customer-oriented multi-channel retailer. This deal will continue to put Ever-Glory's large production capacity and quality assurance practices to good use, as large quantities of high-grade clothing will be produced through the sizable order.
"Customer satisfaction is the number-one priority at Ever Glory International Group," said Edward Kang, President and CEO. "This new agreement with OTTO will help us continue to offer our customers the most advanced and comprehensive manufacturing services available while also improving the reliability, quality and performance of the Company."
Ever-Glory remains focused on building long-term, cooperative relationships with famous garment enterprises throughout the world. This focus and their relentless commitment to quality has guaranteed Ever-Glory a steady stream of repeat business agreements as well as an excellent track record for new business acquisition. "Ever-Glory looks forward to forging a lasting relationship with OTTO and continuing growth throughout the international marketplace by establishing new and lasting relationships with other famous clothing brands," commented Edward Kang, President and CEO of Ever-Glory International Group.
More than ever before, Ever-Glory's reputation for quality is playing a significant role in attracting new business. In accordance with Ever-Glory principles, quality is of the highest importance, as they have adopted the quality guideline of "99+(-1)=0". Their developmental process is more than ten years in the making and has resulted in one of the most strict quality control systems in the industry.
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, Calif., 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 the 15% in United States.
For more information about Ever-Glory International Group, please visit: http://www.everglorygroup.com.
About OTTO:
In 1963, OTTO was one of the first retailers to introduce telephone ordering, and as early as 1995, it made its catalogue available online at www.otto.de and published it as a CD-ROM. OTTO customers can order by phone, fax, mail, internet, cell-phone or TV, 24 hours a day, 365 days a year. And the delivery service by the successful multi-channel retailer is just as uncompromisingly customer-oriented. 24-hour service, delivery dates you choose, or assistance with assembling your product at home.
For more information about OTTO, please visit: http://www.otto.de
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.