Why RELLECIGA Swimwear Was Chosen by Amazon

NEW YORK, April 7, 2015 /PRNewswire/ — RELLECIGA has been chosen as the top seller to take part in Lightning Deals again on Amazon.com on the last day of March and got very good results. This is not the first time that RELLECIGA took part in this event – earlier in February Amazon has helped promote RELLECIGA on its website and gained popularity before summer. Soon it became the Top 1 of swimwear and Top 123 of Apparel.

As is known, Amazon is a global superstore. It used to focus on books and consumer electronics, and later it expanded its range to all the retail goods. Differs from other platforms which are still focusing on cheap products in bad quality, Amazon moves one step forward. It notices that importance of quality and brand – it can help build the reputation from both suppliers and consumers. As a result, it is now choosing the reliable brands whose products are in the top quality and helping them to build the brands on its own website.

RELLECIGA, as a Paris-based bikini brand, meets the requirement of Amazon totally and was chosen together with Roxy and Seafolly to enter the website soon after Amazon released the brand-building plan. The main reason that Amazon chose RELLECIGA is its attitude to the quality except for its brand and design. Nowadays the competition of swimwear is even more severe – most manufacturers focus on the cost and price instead of quality and design. Thus there are swimwear that can only be worn once which is disposable. As we all know, swimwear, especially bikini, is the closest wearing to ladies when they are swimming or relaxing on the beach. It must be of as high quality as lingerie so that they can feel more comfortable and show out their most confident and sexiest side. With a dream of “the sexiest woman in the world wears the sexiest bikini”, RELLECIGA concentrates at every detail. Besides using better materials, which is a regular method to guarantee quality, RELLECIGA also uses better technology to improve the quality. For instance, it uses the folding technology to hide the stitches so that the wearer will not feel them and moreover, it looks even more aesthetic.

You can find RELLECIGA even easier on Amazon.com after the Easter. And another good news is that RELLECIGA has just agreed to a swimwear deal with the U.S. supermodel Aubrey Skyy. RELLECIGA believes in healthy instead of skinny style, and Aubrey will help spread its concept all over the world. Moreover, RELLECIGA also inspires more customized swimwear designs for girls like Aubrey in the near future.

Check out more news about RELLECIGA on its official website www.relleciga.com and all the social media below:

Facebook: https://www.facebook.com/Relleciga
Instagram: http://instagram.com/rellecigaswimwear
Twitter: https://twitter.com/RELLECIGABIKINI
YouTube: https://www.youtube.com/user/RellecigaSwimwear

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/why-relleciga-swimwear-was-chosen-by-amazon-300061325.html

PR Newswire and WardrobeTrendsFashion Teams On Multi-Year Partnership

SINGAPORE, April 7, 2015 /PRNewswire/ — Global provider of news release distribution and multimedia platforms, PR Newswire, and Asia’s high fashion and luxury online portal, WardrobeTrendsFashion, announces their newly forged, strategic multi-year partnership today. The partnership allows WardrobeTrendsFashion, also known as WTF, to offer to their audience fresh and constantly updated news headlines and rich media content from a trusted news source; and innovative ways to promote and market themselves.

“We’re thrilled to partner with such a reputable communications company,” said Herbert Rafael Sim, Founder and Managing Director of WardrobeTrendsFashion, “Working together with PR Newswire, we’re able to provide the exceptional readers’ experience that every media publication seeks and that WardrobeTrendsFashion delivers.”

Helen Zhang, Senior Audience Development Manager at PR Newswire said: “We are equally excited to work with WardrobeTrendsFashion. This collaboration further enhances our reach in Asia high fashion sector, and helps our global clients in luxury goods to reach Asia shoppers who are increasingly more important especially. And we are looking forward to further collaborate with WardrobeTrendsFashion in the near future in other areas to help our clients to achieve better visibility in the region.”

About PR Newswire
PR Newswire (www.prnasia.com) is the premier global provider of news release distribution and multimedia platforms that enable marketers, corporate communicators, public relations officers and investor relations professionals to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry in 1954, PR Newswire today provides end-to-end solutions to produce, distribute, target and measure text and multimedia content across traditional, digital, mobile and social channels. Combining the world’s largest multi-channel content distribution and optimization network with comprehensive workflow tools and platforms, we enable the world’s enterprises to tell their stories to the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.

About WardrobeTrendsFashion
WardrobeTrendsFashion, also known as WTF, is a high fashion and luxury online portal, featuring fashion lookbooks, campaigns and runway collections; luxury news in the different industries – automobile, aerospace, nautical, dining, watches, jewelry, technology; celebrity news, interviews; as well as charity – activities, events, campaigns by NGOs and Non-profit organizations. WTF strives towards being one of the world largest repository of fashion labels’ campaigns and lookbooks from across the globe.

WTF readers are international and are mostly from the upper echelons of the business world, C-level executives, experts and personnel from the fashion industry, film industry, and more. WTF is accessible via domain urls, WardrobeTrendsFashion.com and WTFSG.com.

Media contacts:
WardrobeTrendsFashion
Media Rep
wardrobetrendsfashion@gmail.com

PR Newswire
Asia Marketing team
Asia.marketing@prnasia.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pr-newswire-and-wardrobetrendsfashion-teams-on-multi-year-partnership-300061146.html

An Unlikely Collaboration – Fragrance Du Bois teams up with Arabic singer to create ‘Life’s Treasure’ A Song for Oud

SINGAPORE, April 3, 2015 /PRNewswire/ — In what must surely be a world’s first, Fragrance Du Bois (a French perfume house and retailer specialising in the use of sustainable Oud), and Nadeem Nour (one of the Middle East’s best known and most respected singer/songwriters), came together to produce a musical enterprise close to both their hearts.

Nadeem Nour is a well-renowned Jordanian singer. The reason for his artistic name "Nadeem Nour" is that it is said that from the first moment you hear him, you can feel the light in his voice

Nadeem Nour is a well-renowned Jordanian singer. The reason for his artistic name “Nadeem Nour” is that it is said that from the first moment you hear him, you can feel the light in his voice

“About a year ago I was introduced by a friend to a gentleman from Iran who had just returned from visiting Thailand and Malaysia. While he was there, he discovered the agarwood (Oud) plantations owned and managed by Asia Plantation Capital,” said Nadeem Nour in Dubai recently. “I became fascinated when I learned that not only was much of the Oud that we take for granted coming from illegal sources — not only in the past, but also today — but that it was in danger of extinction in the wild as a result.”

“Having grown up in Jordan, with Oud being very much a part of my daily life, and that of my family, I felt guilty when I realised that like many others, I could have spent my entire life taking Oud for granted, without ever wondering where it actually came from. The thought that I may actually be part of driving an illegal industry was horrifying.”

Nadeem continued, “I became deeply concerned, and as I feel passionately for the world in which we live, I decided to do my own research and find out the facts. I quickly realised — after talking to friends, and doing some research on the internet and looking at several news reports — that we had reached a situation where Oud, in the wild, was soon to be no more. I also realised that I was not alone in my ignorance. Hardly any of my friends were aware of Oud in terms of where it came from, and the threats it faces. Like me, they pretty much took it for granted.”

Nadeem went on to detail how important Oud was in Arabic culture and heritage, further lamenting the fact that the source was often unreliable. International fashion houses and perfume brands are now putting Oud into their products in increasing amounts, creating pressure on future supplies of the mystical substance.

Agarwood, and Oud (the oil derived therefrom), is now on the CITES (the Convention on International Trade in Endangered Species of Wild Flora and Fauna), list of endangered species, and as such, all trade has to be legal, certified, and sustainable. Demand is huge, far outstripping supply, and only sustainable plantations are the way forward.

“Asia Plantation Capital and their sister company Fragrance Du Bois,” continued Nadeem, “are two companies leading the way in making this industry transparent and sustainable for the benefit of all users of Oud – not only in the Gulf region, but also across the world. I decided that this story had to be told, and for me the only way to tell the story was through traditional Arabic words and music.”

Nadeem Nour has been a rising star on the Middle Eastern music scene for several years since appearing in the Jordanian Pop Idol show, and has built up a loyal following for his beautiful singing voice, heartfelt lyrics, and the music he performs across the Gulf. Dubbed ‘Nadeem Nour’ by Tarek Al Arians, the artist has evolved to the point at which listeners can feel the ‘light in his voice’, from the first moment you hear him sing.

Fragrance Du Bois, Asia Plantation Capital and Nadeem Nour earnestly hope that the light in his voice helps to tell a story that we all need to hear, and that ‘Life’s Treasure’ imparts a vital message when it comes to protecting a species that could all too easily have been lost forever.

A video of the song can be watched here http://youtu.be/PsV0Ku4vWDU

About Fragrance Du Bois

Fragrance Du Bois is a niche luxury perfume house working closely with sustainable plantations in Asia, bringing exciting new 100% organic Oud oil based fragrances to exclusive markets worldwide. Sustainably sourcing the finest raw materials across the globe, working with French perfumers to create a full range of products, and also providing bespoke fragrance services, Fragrance Du Bois is personal luxury with a conscience. With exclusive fragrance lounges around the world, in Dubai, Hong Kong, Thailand, Malaysia and Singapore, Fragrance Du Bois creates only the finest experience in bespoke perfumery.

Fragrance Du Bois is known as Parfums Du Bois in France and in non-French speaking markets, as Fragrance Du Bois.

About Asia Plantation Capital

Quick facts:

  • US$ 600 million – combined value of assets owned and under management
  • US$ 53.5 million – turnover in the last financial year
  • US$ 100 million – turnover forecast for current financial year
  • 2,000,000 – Aquilaria trees today, on Agarwood plantations.

Asia Plantation Capital (APC) is the owner and operator of a diverse range of commercial plantation and farming businesses across the Asia-Pacific region and around the world, and is part of the Asia Plantation Capital Group of associated companies. Its focus is on multicultural and diverse plantation projects geared to the domestic and commercial demands of the countries in which it operates. Working closely with, and supporting local communities, is an underlying core principle of the APC business, providing social and cultural support, as well as investment, to move these communities away from deforestation and illegal logging activities, previously seen as a main source of income in some regions of Asia. Established officially in 2008 (although operating privately since 2002) the group now has plantation and agricultural projects on four continents, with operational projects at various stages in Thailand, Malaysia, China, Laos, India, Cambodia, Sri Lanka, Myanmar, Vietnam, North America and Europe.

Promoting the use of sustainable and certified wood is the best way of preventing deforestation, protecting biodiversity, and combatting poverty in the tropical rainforest regions. For the yachting sector (a major user of teak) which strives for excellence and which is already involved in environmental efforts, this is also a way of ensuring that no wood from illegal logging is used.

CONTACT: Stéphanie du Ché, PR & Media Manager Europe, stephanie.duche@asiaplantationcapital.com, +33 616 361 108; Adrian Heng, Group Marketing Director, adrian.heng@asiaplantationcapital.com, +65 6299 1778

Photo – http://photos.prnasia.com/prnh/20150403/8521502133

RELLECIGA agrees swimwear deal with U.S. model Aubrey Skyy

NEW YORK, April 1, 2015 /PRNewswire/ — In March 2015, RELLECIGA officially announced that after more than a year of negotiations, United States model Aubrey Skyy signed an agreement with the global swimwear brand to become their official bikini spokesmodel.

As a representative of a new generation of American supermodels, Aubrey Skyy has won appreciation and admiration from numerous fans, reflecting the spirit and culture of fashionable young Americans.

But there’s more to her than just sexy clothes and sultry poses. Skyy prefers to show her inner charm when in front of the camera. “I like to show my comfortable side to everyone. On the one hand, I love sun, beaches and bikinis, which are all sexy; on the other, I love fitness, tattoos and punk rock. If you are not impressed by my story, just let my smile attract you”.

RELLECIGA is a swimwear brand launched by Paris-based RIDI (RELLECIGA Industry Design Institute) with the aim of designing the sexiest swimwear as unique as the beautiful woman wearing it.

A designer team who created customized fashion for celebrities and royal families, RIDI pieces were not available to the public until 2009 when they decided to branch out into swimwear and set up a new brand they named RELLECIGA. When RELLECIGA bikinis became available, they set off a wave of buying binges in Europe, with Lydia Juraskova, Simona Kollarova and other super-models all choosing the RELLECIGA series, highlighting the label as the right choice for beautiful women all over the world.

Aubrey Skyy is the hottest supermodel in the United States and online, while RELLECIGA is one of the most popular swimwear brands on the Internet. Combined, they call on girls to pursue a fashionable, sexy and healthy lifestyle.

Aubrey was one of the earliest users of RELLECIGA swimwear. When the unique RIKINI first appeared on the market, she bought one immediately and when she posted the picture to her personal Facebook page, tens of thousands of fans instantly ‘liked’ it. After getting to know more about RELLECIGA, Aubrey realized the brand’s fashionable, young, and sexy spirit echoed her own belief in the American spirit of self-confidence and individuality.

The RELLECIGA 2015 MARIANNE COLLECTION will integrate a new element – shining rhinestones. RIDI has also created a customized collection for Aubrey herself, with a special mosaic design to show off her feminine charm. When Aubrey saw this collection, she couldn’t take her eyes off it. “Lingerie is VS (Victoria’s Secret), while swimwear is RC (RELLECIGA Swimwear)” she said.

This endorsement is the first time that a European bikini brand has landed in the United States and cooperated with a super-star, and it is rumored this collection will be coming to Times Square, New York.

The growth of online shopping means RELLECIGA’s unique products are now available all over the world, not only at the RELLECIGA online store, but also Amazon.com.

In future, RIDI hope that more sexy, fit and fashionable models like Aubrey Skyy will join the RELLECIGA family and inspire more customized swimwear designs. Try visiting our Facebook, Instagram and Twitter pages to stay up to date with all the latest RELLECIGA news.

Official Website: http://www.relleciga.com
Facebook: https://www.facebook.com/Relleciga
Instagram: http://instagram.com/rellecigaswimwear
Twitter: https://twitter.com/RELLECIGABIKINI
YouTube: https://www.youtube.com/user/RellecigaSwimwear

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/relleciga-agrees-swimwear-deal-with-us-model-aubrey-skyy-300059029.html

The world’s largest luxury watch investment vehicle The Watch Fund is nominated against HSBC for WealthBriefingAsia Singapore Awards 2015

SINGAPORE, April 1, 2015 /PRNewswire/ — The HK and Singapore-based investment structure The Watch Fund is officially nominated for the category “Best Alternative Investment Manager” at the renowned WealthBriefingAsia Singapore Awards 2015. Previous winners of the award  which is initiated by the global wealth management news portal WealthBriefing  include Standard Chartered Private Banking, DBS Bank and J.P. Morgan.

Although the nomination is already a high accomplishment for The Watch Fund (TWF), its unique concept may be crucial for the final decision. Investors actually hold and wear two to three times of their investment amount in luxury watches from day one  before TWF eventually sells the watches for more than a 10% net profit. Being the only structure that individually manages accounts in the alternative investing space of watches  and allowing investors to wear them from day one  it has a distinctive position in the category “Best Alternative Investment Manager”.

Dominic Khoo, founder of TWF and Southeast Asia’s only certified watch specialist, feels tremendously honoured to be a nominee: “The review of the applications is an independent and transparent process. The best senior banking and wealth management professionals scan every investment structure and only pick the top performers.”

TWF was only founded in 2013 but already has USD$38,000,000 assets under management — and is challenging a global player such as HSBC. “The nomination is a clear distinction to other alternative asset funds it shows our top performance and innovation.” says Khoo.

The Watch Fund has two distinctive features: It is already the world’s biggest watch investment vehicle and the one with the highest returns. The performance is remarkable: Whilst one “unlucky” investor took back a 10% net gain after 364 days of wearing his three 6-digit priced watches, other investors have done better with the highest return of 54% in just three months or 216% annualized.

However, the typical investor is not a watch enthusiast: “Ironically you can say that our investors have no real interest in watches.” says Dominic Khoo. “They are focused on the returns and those are great. The Watch Fund has an international database of more than 9000 watch collectors that buy from the investors. If you understand the difference between a collector and an investor, you can understand where the money making is. he explains.

“Just imagine us a one-year fixed deposit instead of a 1% interest rate and a token umbrella, you can expect more than 11% and a whole range of investment-grade luxury watches as your personal, verifiable, usable collateral from day one.” Investors can even choose from an optional 10% net annualized guaranteed return — but Khoo clarifies that whilst this option might mean downside is protected, upside over and above the 10% goes straight to The Watch Fund’s revenue.

Another unique proposition of The Watch Fund that could influence the final decision for the WealthBriefingAsia Singapore Awards 2015 is that there are no annual or management fees. It survives of transaction fees which Khoo believes makes the TWF and investors completely aligned: “If you don’t make money we don’t survive.” says Khoo.

The performance of alternative investments is outstanding: According to the Coutts Index (2014) passion investments such as watches have risen 176% since 2005 and are outperforming shares in the MSCI All Country Equity Index. “Bearing in mind that this period includes the recession of 2008, it is important to invest not just in physical products with dying labour craft but also in uncorrelated assets in a world of volatility.” Khoo advises.

The award ceremony of the WealthBriefingAsia Singapore Awards 2015 is initiated by the global wealth management news portal WealthBriefing and will be held on 16 April in Singapore’s world-famous Raffles Hotel. WealthBriefing is published by UK based Clearview Financial Media, the world’s leading provider of business intelligence in the private banking and wealth management sector. Aiming to connect investment vehicles and client communities in financial centers such as New York, London, Hong Kong and Singapore, the prestigious awards are handed over by financial experts and top managers.

Media Enquiries

For further information, please contact

Jasmine Tuan
Public Relations
The Watchfund Pte. Ltd.
6 Kay Siang Road, Singapore 248924
Phone: +65-6366-4642
Mobile: +65-9843-1997
Email: pr@thewatchfund.com
Website: www.thewatchfund.com

Ever-Glory Reports 2014 Full Year Financial Results

NANJING, China, March 31, 2015 /PRNewswire/ — Ever-Glory International Group, Inc. (the “Company” or “Ever-Glory”) (NASDAQ Global Market: EVK), a retailer of branded fashion apparel and a leading global apparel supply chain solution provider based in China, today reported its financial results for its fiscal year ended December 31, 2014.

Full Year 2014 Highlights

  • Total net sales increased 25.0% YOY to $460.1 million
  • Gross profit increased 29.2% YOY to $122.2 million
  • Operating income increased 20.2% YOY to $21.8 million
  • Net income increased 52.4% YOY to $16.4 million
  • 2014 EPS of $1.11 compared to 2013 EPS of $0.73

Mr. Edward Yihua Kang, CEO of Ever-Glory commented, “I’m pleased to see our business maintain stable growth, while the macro environment remains challenging in 2014. In 2014, our retail business added two retail brands “Velwin” and “Sea To Sky”, which also sell women’s apparel but have different brand positioning than La go go. We believe the multi-brand strategy will improve our market share and expand our competitive position through the accurate positioning of each brand. In our wholesale business, we remain dedicated to service well-known brands and retail stores by providing a complete set of supply chain management. In 2015, we will continue to focus on high value-added solutions.”

Full Year 2014 Results

Total sales for the year ended December 31, 2014 were $460.1 million, an increase of 25.0% from the year ended December 31, 2013. This increase was primarily attributable to a 29.0% increase in the retail business as well as a 20.8% increase in the wholesale business.

In 2014, retail sales from the Company’s branded fashion apparel retail division, increased 29.0% to $244.7 million, compared to $189.7 million in 2013. This increase was primarily due to the increase in both new stores opened and same store sales. Ever-Glory had 1,201 retail stores as of December 31, 2014, compared to 960 retail stores at December 31, 2013.

In 2014, wholesale sales increased 20.8% to $215.5 million, compared to $178.3 million in 2013. The increase was primarily attributable to increased sales in PRC, Germany, United States and Europe partially offset by decreased sales in United Kingdom and Japan.

Total gross profit for the year 2014 was $122.2 million, or 26.6% of total sales, compared to $94.6 million, or 25.7% of total sales last year.

Selling expenses for the year 2014 increased 30.8% to $67.7 million compared to $51.8 million last year. As a percentage of sales, selling expenses increased 60 basis points to 14.7% compared to 14.1 % last year.

General and administrative expenses for the year 2014 increased 32.5% to $32.7 million compared to $24.7 million last year. As a percentage of sales, general and administrative expenses increased 40 basis points to 7.1% compared to 6.7% last year.

Income from operations increased by 20.2% to $21.8 million in 2014 from $18.1 million in 2013. As a percent of sales, income from operations decreased 20 basis points to 4.7% compared to 4.9% last year.

For 2014, net income was $16.4 million, or $1.11 per diluted share, an increase of 52.4% from $10.7 million, or $0.73 per diluted share in 2013. Net income for 2013 includes approximately $0.3 million, or $0.02 per diluted share, of non-cash income related to the change in fair value of a derivative liability.

Balance Sheet and Cash Flow

As of December 31, 2014, Ever-Glory had approximately $34.1 million of cash and cash equivalents, compared to approximately $27.8 million as of December 31, 2013. Ever-Glory had working capital of approximately $48.5 million as of December 31, 2014, and outstanding bank loans of approximately $60.2 million as of December 31, 2014.

About Ever-Glory International Group, Inc.

Based in Nanjing, China, Ever-Glory International Group, Inc. is a retailer of branded fashion apparel and a leading global apparel supply chain solution provider. Ever-Glory is the first Chinese apparel Company listed on the American Stock Exchange (now named as NYSE MKT) in July 2008 and then transferred to The NASDAQ Global Market on December 31, 2014. Ever-Glory offers apparel to woman under its own brands “La go go”, “Velwin” and “Sea To Sky” and currently operates over 1,201 retail locations in China. Ever-Glory is also a leading global apparel supply chain solution provider with a focus on middle-to-high end casual wear, outerwear, and sportswear brands. Ever-Glory services a number of well-known brands and retail stores by providing a complete set of services of supply chain management on fabric development and design, sampling, sourcing, quality control, manufacturing, logistics, customs clearance and distribution etc.

Conference Call

The Company will hold a conference call today at 8:00 a.m. Eastern Time which will be hosted by Edward Yihua Kang, Chairman of the Board, President, and CEO, and Jason Jiansong Wang, Chief Financial Officer. Listeners can access the conference call by dialing # 1-913-312-1403 and referring to the confirmation code 7993658. The conference call will also be broadcast live over the Internet and can be accessed at the Company’s web site at the following URL: http://www.everglorygroup.com.

A replay of the call will be available from 11:00 a.m. March 31, 2015 through April 7, 2015 Eastern Time by calling # 1-858-384-5517; pin number: 7993658.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this release and other written or oral statements made by or on behalf of Ever-Glory International Group, Inc. (the “Company”) are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future events and developments and the Company’s 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, without limitation, market acceptance of the Company’s products and offerings, development and expansion of the Company’s wholesale and retail operations, the Company’s continued access to capital, currency exchange rate fluctuation and other risks and uncertainties. The actual results the Company achieves (including, without limitation, the results stemming from the future implementation of the Company’s strategies and the revenue, net income and new retail store projections set forth herein) may differ materially from those contemplated by any forward-looking statements due to such risks and uncertainties (many of which are beyond the Company’s control). These statements are based on management’s current expectations and speak only as of the date of such statements. Readers should carefully review the risks and uncertainties described in the Company’s latest Annual Report on Form 10-K and other documents that the Company files from time to time with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

EVER-GLORY INTERNATIONAL GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013

2014

2013

SALES

$

460,141,151

$

368,078,425

COST OF SALES

337,893,182

273,484,086

GROSS PROFIT

122,247,969

94,594,339

OPERATING EXPENSES

Selling expenses

67,729,492

51,772,169

General and administrative expenses

32,703,882

24,676,303

Total operating expenses

100,433,374

76,448,472

INCOME FROM OPERATIONS

21,814,595

18,145,867

OTHER INCOME (EXPENSE)

Interest income

1,238,050

1,186,402

Interest expense

(3,269,464)

(3,005,579)

Change in fair value of derivative liability

294,000

Other income

2,060,007

745,322

Total other income(expense)

28,593

(779,855)

INCOME BEFORE INCOME TAX EXPENSE

21,843,188

17,366,012

INCOME TAX EXPENSE

(5,476,921)

(6,627,434)

NET INCOME

16,366,267

10,738,578

Foreign currency translation (loss) gain

(506,177)

1,910,255

COMPREHENSIVE INCOME

$

15,860,090

$

12,648,833

EARNINGS PER SHARE:

Basic and diluted

$

1.11

$

0.73

Weighted average number of shares outstanding
Basic and diluted

14,782,320

14,778,080

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ever-glory-reports-2014-full-year-financial-results-300058314.html

Cachet Hotel Group And Drai’s Announce Formation Of Joint Venture Nightlife Company

– The new venture will target hotels and mixed-use developments with a focus on creating fully integrated nightlife and entertainment destinations.

HONG KONG, March 31, 2015 /PRNewswire/ — Cachet Hotel Group (CHG) and Drai’s Enterprises (Drai’s) today announced the formation of a joint venture nightlife management company, to be named Drai’s Asia. The new venture will focus on the development and management of Drai’s nightclubs, supper clubs, bars, ultra lounges and beach clubs throughout Asia Pacific in destination cities and resorts.

Drai's

Drai’s

“We are pleased to partner with creative geniuses, Victor Drai and Michael Gruber, who have a proven track record in creating nightlife destinations,” said Alexander Mirza, President and CEO of Cachet Hotel Group, “This new venture will serve Asia’s growing demand for nightlife. We look forward to debuting Drai’s within CHG hotels and in other properties.”

Victor Drai is the epitome of self-starting entrepreneurial success; from his humble beginnings to his stature as being a Las Vegas nightlife impresario. From business owner to movie producer to restaurant owner and more, today Drai is regarded by many as the “father of the Las Vegas’ nightlife scene.”  A nightlife mogul, Victor Drai is the creator and founder of Las Vegas’ mega clubs Tryst and XS at Wynn, and the visionary owner behind Drai’s Afterhours and Drai’s Beach Club·Nightclub at The Cromwell in Las Vegas. Prior to solidifying his firm foothold in the Las Vegas nightlife scene, Drai forayed into the entertainment industry where he hit cinematic gold as the sole producer of hits such as The Woman in Red, The Man with One Red Shoe, Folks, The Bride and the blockbuster Weekend at Bernie’s. 

The partnership with Cachet comes one year after Drai’s opened their flagship Las Vegas Drai’s Beach Club·Nightclub venue with Caesars Entertainment, and on the heels of Drai’s announcing their flagship ultra lounge set to open in the much anticipated Trump Hotel and Residences in Vancouver. 

“Victor and I are very excited about expanding into Asia Pacific with Cachet, an innovative lifestyle hotel group that is growing across the region,” said Michael Gruber, President of Drai’s Enterprises and CEO of Drai’s Asia, “Drai’s Asia will bring our award-winning brands and operation expertise to developers throughout China, Thailand and across Southeast Asia.”

The venture’s first two projects will debut in Chengdu at the Cachet Hotel in 2016 and in Bangkok at the much-anticipated Cachet Deluxe Hotel in 2017. The Chengdu and Bangkok venues will be Drai’s first locations outside North America.

About Cachet Hotel Group:

Cachet Hotel Group (CHG) is a Hong Kong-based hotel management company. CHG’s mission is to be the most innovative and socially responsible hospitality company in Asia. With numerous projects under development, CHG is focused on establishing properties in Greater China, Southeast Asia, Northeast Asia and the United States. For more information, please go to www.cachethotelgroup.com

About Drai’s Enterprises – Drai’s Beach Club – Nightclub/Drai’s Afterhours/Indigo Lounge:

Drai’s Enterprises owns and operates three exclusive Las Vegas nightlife venues in Las Vegas — Drai’s Beach Club – Nightclub/Drai’s Afterhours/Indigo Lounge.  Drai’s nightlife venues are strategically located across from Caesars Palace and The Bellagio, at the corner of Las Vegas Blvd. and Flamingo Blvd. on the rooftop and below ground of Caesars Entertainment’s 188 room and suite hotel The Cromwell and the classic Bally’s Hotel/Casino. With unrivaled views, Drai’s Beach Club – Nightclub takes entertainment and nightlife to new heights. The Strip’s only rooftop Beach Club includes multiple pools shaded by 10 towering palm trees, a variety of cabanas and bungalows, two full-service bars and a gourmet kitchen. Drai’s Nightclub is a dazzling, multi-level club with an expansive dance floor, massive LED lighting systems, and modern technology featuring more than 4,000 square feet of the most state of the art high definition LEDs in production, including a towering 80-sided LED disco ball – the only one of its kind, and the opportunity to detonate custom rooftop firework shows.  Additionally, the legendary Drai’s Afterhours is back in its original location for its 16th year and now brings late night/early morning entertainment to the Strip six nights a week.  Indigo Lounge, located at the iconic Bally’s Hotel/Casino, is a sexy, plush and beautifully designed lounge and bar on the casino floor at Bally’s Las Vegas. Once a main-stay of the Las Vegas experience, the casino lounge concept has all but disappeared, but with the arrival of Indigo Lounge, Victor Drai brought the classic, sophisticated Las Vegas icon back to the center of the Las Vegas Strip.

For more information, visit www.draislv.com and follow Drai’s at Facebook at www.facebook.com/draislv and on Twitter at www.twitter.com/draislv and Instagram @draislv

Photo – http://photos.prnasia.com/prnh/20150330/0861502392

Ever-Glory Schedules Full Year 2014 Earnings Release and Conference Call

NANJING, China, March 30, 2015 /PRNewswire/ — Ever-Glory International Group, Inc. (the “Company,” “Ever-Glory”) (NASDAQ-GM: EVK), today announced that the Company will report its full year 2014 financial results on Tuesday, March 31, 2015 before the market opens.

The Company will hold a conference call with senior management to discuss the financial results the same day at 8:00 a.m. Eastern Time. Listeners can access the conference call by dialing # 1-913-312-1403 and referring to the confirmation code 7993658. The conference call will also be broadcast live over the Internet and can be accessed at the Company’s web site at the following URL: http://www.everglorygroup.com.

A replay of the call will be available from 11:00 a.m. March 31, 2015 through April 7, 2015 Eastern Time by calling # 1-858-384-5517; pin number: 7993658.

About Ever-Glory International Group, Inc.

Based in Nanjing, China, Ever-Glory International Group, Inc. is a retailer of branded fashion apparel and a leading global apparel supply chain solution provider. Ever-Glory is the first Chinese apparel Company listed on the American Stock Exchange (now named as NYSE MKT) in July 2008 and then transferred to The NASDAQ Global Market on December 31, 2014. Ever-Glory offers apparel to woman under its own brands “La go go”, “Velwin” and “Sea To Sky” and currently operates over 1,201 retail locations in China. Ever-Glory is also a leading global apparel supply chain solution provider with a focus on middle-to-high end casual wear, outerwear, and sportswear brands. Ever-Glory services a number of well-known brands and retail stores by providing a complete set of services of supply chain management on fabric development and design, sampling, sourcing, quality control, manufacturing, logistics, customs clearance and distribution etc.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this release and other written or oral statements made by or on behalf of Ever-Glory International Group, Inc. (the “Company”) are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future events and developments and the Company’s 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, without limitation, market acceptance of the Company’s products and offerings, development and expansion of the Company’s wholesale and retail operations, the Company’s continued access to capital, currency exchange rate fluctuation and other risks and uncertainties. The actual results the Company achieves (including, without limitation, the results stemming from the future implementation of the Company’s strategies and the revenue, net income and new retail store projections set forth herein) may differ materially from those contemplated by any forward-looking statements due to such risks and uncertainties (many of which are beyond the Company’s control). These statements are based on management’s current expectations and speak only as of the date of such statements. Readers should carefully review the risks and uncertainties described in the Company’s latest Annual Report on Form 10-K and other documents that the Company files from time to time with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ever-glory-schedules-full-year-2014-earnings-release-and-conference-call-300057470.html