SOURCE: Wall Street News Alert

May 02, 2006 09:52 ET

EGLY Is on the Move: Announces It Is Building a New State-of-the-Art Factory! May 2, 2006

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- May 2, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Ever-glory International Group (OTC BB: EGLY), Microsoft Corp. (NASDAQ: MSFT), Wal-Mart Stores, Inc. (NYSE: WMT) and Google Inc. (NASDAQ: GOOG).

Ever-glory International Group (OTC BB: EGLY) has issued additional news which could appeal to aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, a multinational enterprise specializing in garment manufacturing and exports, issued a press release announcing that it is building a new state-of-the-art factory.

News of the new factory should get the attention of investors! "Ever-Glory International Group is committed to widening its lead in advanced garment manufacturing," said Edward Kang, President and CEO. "Our manufacturing network is a strategic asset of unmatched scope and scale that gives The Company the ability to provide customers with leading-edge products in high volume. Today's announcement of a Nanjing Jiangning Economic factory reaffirms that Ever-Glory platforms will contain the advanced and innovative technology for years to come," concluded Kang.

Investors should continue to monitor the progress of Ever-glory International! The size of the new factory is quite large in respect to most garment manufacturing facilities, and has facilities including multiple productive workshops, an office building, design and development building, dining area and apartments.

The technological improvements in the new facility will strengthen Ever-Glory's already impressive processing levels. The new factory will be in use by late 2006. At that point, annual production capacity is expected to reach 6,500,000 pieces and it will drastically increase current annual production capacity of 3,000,000 pieces.

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor Ever-glory International! This factory represents a significant milestone in the great progress The Company has made in the clothing market, both in the US and across the world. It is an important investment which will enable them to continue to deliver strong growth and innovation from The Company's portfolio of garment manufacturing brands.

Two weeks ago, the company reported that it has passed the evaluation of Abercrombie & Fitch's Product Quality Standard to become its producer. At that time, Edward Kang, President and CEO of Ever-Glory stated, "Manufacturing Abercrombie & Fitch's fashionable, immensely popular lines of clothing will be another step in the right direction for Ever-Glory, as we will continue to expand our reach in the U.S. market and further strengthen our expertise in establishing the best quality production possible."

Prior to the latest press release, the stock closed yesterday at $1.50 a share.

For an in-depth profile of Ever-glory International, visit http://www.thenewssvc.com/EGLY050106.html

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the company: According to the press release, Ever-Glory International Group 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 a full subsidiary company, Nanjing Goldenway Garments Co. Ltd. located in China. Ever-Glory has strategic marketing and logistics channels located in, Japan, Europe, and United States and has strategic business partners in countries and regions including China, Hong Kong, the U.S., and the U.K. The Company cooperates with well-respected garment retailer chains such as ITOYOKADO, UNIQLO, Debenhams, GAP, and ABERCROMBIE & FITCH (ANF), etc. in handling high and middle grade casual-wear and sportswear. The company entered into production and sale cooperation agreements with a number of internationally famous brands such as LEVI'S, GUESS (GES), OLDNAVY and others. The company employs about 700 people. At present, the market distribution is segmented as 35% in Japan, 50% in Europe and the 15% in United States.

Microsoft Corp. (NASDAQ: MSFT) up 0.5% on 175 million shares traded.

Microsoft is the one of the leaders in software, services and solutions that help people and businesses realize their full potential.

Wal-Mart Stores, Inc. (NYSE: WMT) up 2% on 18.5 million shares traded.

Wal-Mart Stores, Inc. operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM'S CLUB locations in the United States.

Google Inc. (NASDAQ: GOOG) down 4.5% on 10.3 million shares traded.

Google's innovative search technologies connect millions of people around the world with information every day.

Commentary:

"How many millionaires are in the U.S.? Well, according to the Washington Post, in 2005 the number of households with a net worth of $1 million, done by a survey of the Spectrum Price Group of Chicago, is 8.2 million, up by 800,000 from 2004. Those with a net worth of $5 million surged 26% in 2005 to 930,000," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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