SOURCE: Ka Wang Holding, Inc.

July 13, 2007 17:28 ET

Ka Wang Announces Projections for Fiscal Year 2007

LAS VEGAS, NV--(Marketwire - July 13, 2007) - Ka Wang Holding, Inc. (PINKSHEETS: KWGI), parent company of Ka Wang Department Stores, located in Southern China, announces projections for fiscal year 2007. With 6 months completed for 2007, CEO Mr. Mio Lok Tin wants shareholders to know that Ka Wang's projected sales and manufacturing will exceed Fiscal Year 2006. Aside from any acquisitions currently being worked on, Ka Wang is poised to become a very important retailer in the Chinese marketplace. Mr. Mio Lok Tin further states, "Shareholder value is the most important in the minds of all at Ka Wang Holding, Inc. Our future lies with the investors that believe in our company through steady growth."


Projected 2007 Wholesale and Retail Sales         $  110 Million
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Projected 2007 Manufacturing                      $   40 Million
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Projected 2007 Net Income                         $   45 Million
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About Ka Wang Holding, 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. They also have their own manufacturing factory where they design, research and develop their own clothing lines for wholesale and retail customers. With the standard of living in China improving, the general population is becoming more conscious of designer wear labels. 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.

For additional information, please contact Ka Wang Holding, Inc., Ruzao Zheng, (702) 995-0477. The Website address is jagger.com.cn

Contact Information

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