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Ever-Glory Opens Two La Go Go Stores in Downtown Shanghai

Add: 2008   Update: 2009/03/21

Nanjing, China ?August 19, 2008 ? International Group, Inc. (AMEX: EVK) (“the Company,?“Ever-Glory?, a leading apparel supplier in the People’s Republic of China, today announced the August opening of two additional La Go Go retail stores in downtown Shanghai.

 

The stores are located in City Center Shopping Mall and Longzhimeng Shopping Mall in Shanghai and occupy 115 square meters and 71 square meters, respectively. Both shopping centers are in large, densely populated commercial districts. With these two additions, the Company now operates four retail stores in Shanghai and 44 La Go Go stores in 21 other major Chinese cities. Currently, select stores offer more than 200 styles in the brand’s summer and fall collections.

 

“We are very confident in our La Go Go retail expansion strategy, as domestic demand continues to grow rapidly,?said Mr. Edward Yihua Kang, Chairman and Chief Executive Officer of . “Shanghai is an especially important market for La Go Go’s development, as we launched the brand to target the urban youth ladies?wear market segment. Several additional Shanghai stores will open soon, part of our plan to open between 80 and 100 La Go Go stores in China this year.?

 

With a population of 16 million, Shanghai is one of the largest cities in China and has been recognized as one of the world’s fashion centers, having hosted an annual fashion culture festival for 14 years.

 

About International Group, Inc.

International Group is a U.S. publicly-traded company engaged in international garment manufacturing for well-known middle- to high-grade casual, outerwear and sportswear brands. In 2008, the company partnered with local retailer La Chapelle to launch its own brand of ladies' garments in China. The company's U.S. headquarters is based in Los Angeles, California, although also has several subsidiaries in China, including Goldenway Nanjing Garments Co. Ltd., Nanjing New-Tailun Garments Co, Ltd., Nanjing Catch-Luck Garments Co., Ltd. and Shanghai LA GO GO Fashion Company Limited. is a supplier to well-known garment retail chains in countries including China, Japan, Europe and the U.S. In 2007, 57% of the company's total sales revenue came from customers in Europe, 16% from Japan, 21% from the United States and 6% from within China. For more information about 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, the company’s ability to find attractive acquisition candidate and/or joint venture partners, the performance of third parties with whom the company does business, 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. For more information about International Group, please visit: http://www.everglorygroup.com .

 

 

For more information, please contact:

 

International Group, Inc

Ms. Emily Yan Guo, Chief Financial Officer

Tel: +86-25-52096222

Email: emily@ever-glory.com

 

Ms. Angel Zhang, Vice President of Finance

Tel: +1-646-385-5222

Email: angelzhang@ever-glory.com.cn

 

CCG Investor Relations

Crocker Coulson, President

Tel: +1-646-213-1915 (New York)

Email: crocker.coulson@ccgir.com

Web: http://www.ccgir.com

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