SOURCE: Ka Wang Holding, Inc.

November 05, 2007 08:30 ET

Ka Wang's Audited Financial Statements Near Completion

LAS VEGAS, NV--(Marketwire - November 5, 2007) - Ka Wang Holding, Inc. (PINKSHEETS: KWGI), parent Company of Ka Wang Department Stores in Southern China, is pleased to announce the near completion of its audited financial statements as part of its ongoing efforts to provide shareholders with greater corporate transparency. The famous CPA firm of Zhan Jun Zhang and Associates in Henan Province is preparing the financial statements and Ka Wang hopes to release them to the public before the end of 2007.

About Ka Wang Holdings, Inc.

Ka Wang Holding Inc., parent company of Ka Wang Department Stores in Southern China, has been operating since 1980. Their main business is high-end designer clothing for men and women. Ka Wang carries many of the top brands and has joint ventured with the famous Italian design brand "Jagger" to be their sole agency in the Far East. From one store in 1980, Ka Wang has expanded into 70 retail stores. They also have their own manufacturing factory where they design, research and develop their own clothing lines for wholesale and retail customers including its new patented high density, soft as cotton, fabric blue jean material. With the standard of living in China improving, the general population is becoming more conscious of designer wear clothing. Ka Wang's 2006 sales reached 80 million with net income exceeding 30%.

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

Contact Information

  • For additional information, please contact:
    Ka Wang Holding, Inc.
    Ruzao Zheng
    (702) 995-0477
    www.kawangholding.com