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Ever-Glory International Group Retains CCG Elite

Add: 2007   Update: 2009/03/21

LOS ANGELES, Calif., and NANJING, China, March 16 /Xinhua-PRNewswire- FirstCall/ -- Ever-Glory International Group, Inc. (OTC Bulletin Board: EGLY - News; ''Ever-Glory"), a leading apparel manufacturer in the People's Republic of China (''PRC''), today announced that it has retained CCG Elite to design and execute its investor relations campaign.

Ever-Glory's broad product line includes high-grade, well-known casual wear, sportswear and outwear brands, including clothing for men, women and children. The company has an established and stable client network, including many well-known enterprises due to years of accumulated experience and practice. Customers include a number of well-known retail chains and internationally famous brands, including Itoyokado, Debenhams, C&A, Next, Etam China, Eddie Bauer, Teijin, Mast, Best-Seller, Shinko, Matalan, Itochu and B.B. Dakota. The Company also has its own design capabilities and provides its customers with a selection of unique and original designs that the customer may have manufactured for them.

''Ever-Glory has strong brand recognition and a reputation for offering our customers high quality products,'' said Mr. Yihua Kang, President, CEO and Director of Ever-Glory. ''This is due to our sophisticated production technology and advanced manufacturing procedures. Combined with our planned capacity improvements, we expect to continue increasing production to meet growing demand."

Ever-Glory's state-of-the-art factories in the Nanjing Jiangning Economic and Technological Development Zone and Nanjing Dongshan Town of mainland China accumulate the total capacity of 3.7 million garment pieces per year (The former has capacity of 1.2 million, the latter has 2.5 million). Due to its advanced manufacturing procedures and efficient operations, Ever-Glory is able to produce garments at a comprehensive cost 5%-10% below the average in China. The company markets and sells its products through international distributors and direct sales in Japan, the European Union and the United States.

Ever-Glory plans to expand its operations in the future by adding capacity, improving manufacturing operations and exploring growth opportunities in new markets.

"Ever-Glory has strong growth potential that should be realized through its planned capacity expansion," commented Crocker Coulson, President of CCG Elite. "Their historical revenue growth and strong cost management controls position Ever-Glory as a very attractive investment vehicle that leverages the growth of the textile and garment industry in China.''

About CCG Elite

CCG Elite is a joint venture between Elite Communications, based in Hong Kong, and CCG, one of the leading investor relations agencies in the U.S. CCG Elite is uniquely positioned to provide an outsourced, high-level investor relations solution that combines in-depth understanding of Asia's corporate culture and economic scene and a direct pipeline into the leading funds and broker-dealers in the U.S. CCG Elite is a global, full-service investor relations agency with corporate headquarters in Los Angeles and offices in New York City, Irvine, CA and Hong Kong. The agency's Asia-based clients include Haier Electronics Group, Hua Han Bio-Pharmaceutical Holdings Limited, Yantai North Andre Juice Co., Sinolink Worldwide Holdings Ltd., Panva Gas Holdings Limited, Pico Far East Holdings Ltd., Kasen International Holdings Limited, Sinotronics, Good Fellow Group Limited, Century Sunshine and Citic 21CN Company Limited. CCG Elite's U.S.-based clients include TRW Automotive Holdings, Quality Systems, Accuride Corp., SI International, Lite-On Corp. and City Telecom Ltd. For further information, contact CCG Elite directly, or visit the Company's Web site at http://www.ccgir.com .

About Ever-Glory International Group, Inc.

Ever-Glory International Group 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 two full subsidiary companies, Nanjing Goldenway Garments Co. Ltd., and New-Tailun Garment Co, Ltd. 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, Shinko, Debenhams, Next, C&A, Itoyokado and others 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, Eddie Bauer, Best-Seller, BB Dakota and others. The company employs above 1500 people. At present, the market distribution is segmented as 5% in Japan, 64% in Europe, 22% in United States and 5% in China. For more information about Ever-Glory International Group, please visit: http://www.everglorygroup.com .

Safe Harbor Statement

Under the Private Securities Litigation Reform Act of 1995: 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 include, but are not limited to the company's ability to accurately complete product orders, coordinate product design with its customers, ability to expand and grow its distribution channels, political and economic factors in the People's Republic of China, dependence on a limited number of larger customers and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Ever-Glory International Group, Inc.