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Ever-Glory Announces New LA GO GO Retail Store Openings

Add: 2008   Update: 2009/03/21

NANJING, China, Dec. 17 /PRNewswire-Asia-FirstCall/ -- International Group, Inc. (the "Company," "") (NYSE Alternext US: EVK), a leading apparel supply chain manager and retailer in China, today announced the opening of 15 new retail LA GO GO stores in the past six weeks.

 

LA GO GO sells clothing designed and manufactured by and targets the urban youth women's wear market segment in China. Ladies' wear currently accounts for the largest and fastest growing segment in the Chinese apparel market. LA GO GO is dedicated to designing clothing for women that is at the forefront of fashion styles and trends, celebrating women and becoming part of their lifestyle.

 

The 15 new stores opened up in six different provinces throughout China: Beijing, Shanghai, Chongqing, Sichuan, Henan, and Hunan. Each store occupies slightly more than 1,000 square feet of space.

 

Mr. Edward Yihua Kang, Chairman and Chief Executive Officer, commented, "This is a very exciting time for . With the addition of these 15 new stores throughout China, we currently operate 83 retail LA GO GO stores. We plan to open approximately 10 additional new stores toward the end of the year, spread among seven provinces throughout China."

 

Mr. Kang concluded, "We continue to focus on maximizing sales and expanding margin opportunities by opening new LA GO GO stores in strategic locations and offering high quality garments in a wide selection of styles and trends. Our new stores are resonating well with the consumer audience. We remain confident in our expansion strategy and look forward to furthering our success in the final quarter of the year and beyond."

 

About International Group, Inc.

 

Based in Nanjing, China, International Group, Inc. is a leading apparel supply chain manager and retailer in China. is the first Chinese apparel company listed on the American Stock Exchange, and has a focus on middle-to-high grade casual wear, outerwear, and sportswear brands. The Company maintains global strategic partnerships in Europe, the United States, Japan and China, conducting business with several well-known brands and retail chain stores. In addition, operates its own domestic chain of retail stores known as "LA GO GO."

 

Safe Harbor Statement

 

Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from those contemplated by any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.

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