NANJING, China, May 1 /Xinhua-PRNewswire-FirstCall/ -- Ever-Glory International Group, Inc. (OTC Bulletin Board: EGLY) ("Ever-Glory"), a leading apparel manufacturer in the People's Republic of China ("PRC"), announced today that it received a new, $2.8 million production order from Dallas-based Walls Industries, Inc. ("Walls") on April 20, 2007.
During a visit to Ever-Glory's new headquarters and state-of-the-art Fabric Inspection and Testing Center, Mr. Jeff Cordes, Chief Operating Officer for Walls Industries, and his visiting team were greatly impressed by Ever-Glory's testing center, which gave them even more confidence in the Company's product quality. The center will lay a good foundation for closer cooperation between the two companies in the future.
The new production order marks the third year of the two companies' strategic partnership. Walls is a market-leading designer, manufacturer and marketer of branded workwear, hunting and outdoor apparel.
"We strive to maintain strong relationships with our major clients," said Mr. Yihua Kang, President, Chief Executive and Director of Ever-Glory. "Our new Inspection and Testing Center promotes rigorous production standards, which help us retain and attract overseas clients as Ever-Glory expands its presence in the high-margin, quality-oriented market and moves away from low-margin, labor-intensive products. Our growing production capacity and cost-effective operation have attracted an increasing number of respected brand names that want to develop long-term business relationships with us."
Ever-Glory has been aggressively looking for new opportunities while maintaining close relationships with its major clients. To enhance its presence internationally, the Company plans to build up overseas direct sales channels throughout this year.
About Walls Industries, Inc.
Walls Industries, Inc., headquartered in Dallas, Texas, is a market-leading designer, manufacturer and marketer of branded workwear, hunting and outdoor apparel. The company's products are sold under a number of highly recognized brand names including Walls(TM), Liberty(TM), Big Smith(TM), 10X(TM), Duxbak(TM), Zero Zone(TM) and Commander(TM), collectively serving a full range of price points. These trade names have developed significant brand equity through heritages dating back to the early 1900s. The Company product line includes a full range of insulated and non-insulated utility apparel for use in the workplace and recreational activities, including coveralls, bib overalls, jackets, pants, shirts and vests. Traditional consumers include farmers, ranchers, hunters, mechanics, construction workers, oil field workers and individuals who just like to wear a good-looking garment to keep warm and dry. For more information about Walls Industries, please visit: http://www.wallsoutdoors.com .
About Ever-Glory International Group, Inc.
Ever-Glory International Group, Inc. 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 China, Europe, the U.S. and Japan. The Company cooperates with well-respected apparel retail chains such as Itochu, Shinko, Debenhams, Next, C&A, Itoyokado and others in handling high- and middle-grade casual wear and sportswear. The company has entered into production and sales cooperation agreements with a number of internationally famous brands such as Matalan, Eddie Bauer, Best-Seller, BB Dakota and others. Ever-Glory employs more than 1,500 people. 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, the company's ability to find attractive acquisition candidates, 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.
