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Retransmission: Stock Analysis Firm, Market Advisors, Initiates Coverage of Ever-Glory International Group

Add: 2006   Update: 2009/03/22

SAN FRANCISCO, CALIFORNIA--(MARKET WIRE)--Apr 19, 2006 -- (PRIMEZONE VIA COMTEX) - Market Advisors, a well-respected stock analysis firm, has initiated coverage on Ever-Glory International Group, Inc. (OTC BB:EGLY.OB - News). The research report highlights the overall operations and business plan unfolding for the firm. Market Advisors has been reporting on publicly trading companies since the early 1980's and has identified EGLY as a company on the rise.

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Mr. Jeff Helleberg of Market Advisors states, "We feel Ever-Glory is a solid candidate to be owned in any long-term growth investment portfolio provided they follow their business plan. At the current price of $1.30, the appeal here lies in the large multiple of profits that can be achieved with a modest initial investment. EGLY has achieved a steady 30% increase in annual sales over the past ten years and net revenues are on the rise. The recent 10K released by the company showed Revenues for the year ended December 31, 2005 were $10,813,961, an increase of 36% from $7,967,601 for 2004. In 2005, sales to U.S. customers increased by approximately $3.0 million which translates into 207% increase. This multinational enterprise specializing in garment manufacturing and exports recently announced a new agreement with Bestseller, a Danish firm, with an initial order in the amount of $1,400,000."

"We are thrilled that Market Advisors has recognized our current success and future potential. Their report will certainly bring attention to our unique line of products and hopefully expand and broaden the attention of Wall Street and the investment community," comments Edward Kang, President and CEO of Ever-Glory International Group.

Market Advisors' positive outlook on EGLY is based on its analysis of the Company's impressive portfolio of technologies, potential growth and technical aspects. The complete, unedited analyst report can be viewed by going to www.stockmarketgarden.com/stock-reports/egly-stock-report/. Market Advisors was compensated $2,500 and is the source of this press release.

About Ever-Glory International Group

Ever-Glory International Group (OTC BB:EGLY.OB - News) 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 including China, Europe and the U.S. 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.

Contact:

Ever-Glory International Group

Ms. Sarah Liu

(626) 839.9116

info@everglorygroup.com

Source: Ever-Glory International Group, Inc.

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.