LOS ANGELES, July 26, 2006 (PRIMEZONE) -- Ever-Glory International Group (OTCBB:EGLY) (Frankfurt:E4G), a multi-national enterprise specializing in garment manufacturing and exports, announced today that it has signed an order valued at more than $500,000 with Debenhams, "Britain's favorite department store." With 120 stores across the U.K. and Republic of Ireland, a fully transactional website and 21 overseas franchise stores, Debenhams is visited by 15.8 million customers each year.
"Ever-Glory will primarily produce high-quality menswear for this Debenhams project," stated Edward Kang, President and CEO of Ever-Glory. "We hope customers will continue to gain a deeper understanding of our company and products through Debenhams' intensive and effective distribution network."
Debenhams' selection of Ever-Glory was based on the company's key criteria to fully enhance the customer's satisfaction and the quality of its products.
"This agreement will help expand the already growing market for Ever-Glory in consumer products." said Mr. Kang. "We're committed to offering products to our reseller customers that will provide them with the best opportunities for success in a competitive marketplace and we also hope we can set up long-term relationships with many more international corporations in the near future."
Ever-Glory continues to excel in the clothing industry through its relentless growth strategies and great excellence in quality manufacturing processes. Near future plans call for a release of a fully owned Ever-Glory brand to appear in the U.S. through multiple sales and distribution channels.
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 Debenhams
Debenhams is Britain's favorite department store. They have 120 stores across the U.K. and Republic of Ireland and a fully transactional website. Debenhams employs 23,300 people and is visited by 15.8 million customers each year. In addition, Debenhams has 21 overseas franchise stores. In total, Debenhams sells over 500 international brands. Debenhams are the U.K.'s number one retailer of many international brands, including Estee Lauder, Clinique and Clarins, Meyer, Portmeirion and Viners-Oneida, Ben Sherman, Playtex and Lepel. Recently introduced brands include Kickers, Ted Baker Endurance and Morgan.
For more information about Debenhams, please visit: www.debenhams.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.