▌ News Releases

Ever-Glory Expands with First La Go Go Store in Shenzhen

Add: 2008   Update: 2009/03/21

NANJING, China, Sept. 4 /Xinhua-PRNewswire-FirstCall/ -- International Group, Inc. (Amex: EVK) (the "Company," ""), a leading apparel supplier in the People’s Republic of China, today announced it has successfully opened its first La Go Go retail store in Shenzhen.

The newly opened La Go Go store is located in Kingkey Banner Center, a shopping mall serving high-end communities in Shenzhen. The store occupies 82 square meters.

"We are very pleased to open our first retail store in Shenzhen, which is a dynamic city in China," said Mr. Edward Yihua Kang, Chairman and Chief Executive Officer of . "Launched in early 2008, we have set up a retail network in more than 20 cities in China, and we are confident we will operate 80 to 100 La Go Go stores by the end of the year. With Chinese consumers increasing demand for the latest fashions, we anticipate our retail strategy will serve the domestic market through our stores?attractive presence and timely introduction of new styles."

Shenzhen is a coastal city in southern China’s Guangdong province, situated immediately north of Hong Kong. In 2007, Shenzhen’s GDP per capita was 79,221 yuan (US$10,628), ranking seventh among the 659 Chinese cities.

"In addition to opening stores in tier one and coastal cities, we also look forward to extending our reach into Central China, including Hubei, and Henan Provinces, where residents?purchasing power has grown dramatically in recent years," added Mr. Kang.

 

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, please contact:

 

International Group, Inc.

Ms. Emily Guo, Chief Financial Officer

Tel: +86-25-5209-6222

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

Mr. Crocker Coulson, President

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

Email: crocker.coulson@ccgir.com

Web: http://www.ccgirasia.com SOURCE International Group, Inc.

版权所有:江苏华瑞服装有限公司
苏ICP备17030860号