NEWS FLASH: According to the NPD Group located in Port Washington, NY, total US apparel sales reached $181 billion in the United States alone in 2005, a 4% increase over 2004. The apparel industry realized another strong year of growth, and this was also true globally. China, for example, saw its country’s exports rise to over $107 billion, up over 21% from the previous year. Further, U.S. textiles and apparel enterprises remain a critical part of the national economy providing over 1.4 million jobs.

Ever Glory International Group, Inc. is a diverse public company seeking opportunities in the manufacture and sale of apparel to well-known casual wear, outerwear and sportswear brands and retailers. The company manufactures all of its products from one 10,000 square meter factory in Nanjing Jiangning Economic and Technological Development Zone in Nanjing, China. This factory is equipped with highly advanced, state-of-the-art equipment. The factory employs a staff of 700 people with an annual production capacity of over 1 million pieces. The company’s customers include large retailers and well-known brands such as Levi, Guess, Old Navy, Brooks Brothers, Harley-Davidson, Jones, Edwin, Bobson, Big John, Reebok, The North Face, Fat Face, STS and Polo. At present the market distribution is segmented at 35% in Japan, 50% in Europe and 15% in the United States. With high quality and excellent services, the EGLY meets their clients’ needs.

Varying tastes, interests, attitudes, and previous experiences all combine to allow each of us to see something before us that has great potential. Despite being around for over ten years now, Every Glory is an emerging growth company with quality products. To achieve success, the chief executive and his management team have put more blood, sweat and tears in their efforts to create a winner than the average shareholder can imagine—and they are about to be rewarded. 

Focused Growth Strategy
Finding those companies with the right people, products and potential is the most challenging and exciting part of the business of “picking stocks.” We are not concerned with whether the market is up or down, cheap or dear, but what the prospects are for our picks. The world has definitely become a smaller place, and in turn, very competitive. Many companies have subsidiaries that are located or doing business in other countries, and this company is no different. They can’t help but benefit by the growth in these locations. As such, we feel Ever Glory is a solid candidate to be owned in any long-term growth investment portfolio provided they follow their business plan. At the current price of $1.30, the appeal here lies in the large multiple of profits that can be achieved with a modest initial investment. EGLY has achieved a steady 30% increase in annual sales over the past ten years and net revenues are on the rise. This multinational enterprise specializing in garment manufacturing and exports recently announced a new agreement with Bestseller, a Danish firm, with an initial order in the amount of $1,400, 000. This is the type of news that will definitely help reward loyal shareholders.

The company is well positioned to participate in the future growth of the apparel industry. At its current price of $1.30 per share, it is hard to conceive either from a fundamental or technical point of view that investors won’t come out as big winners over the long term. Visit the company’s web site at www.everglorygroup.com for additional information.

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