SOURCE: Ka Wang Holding Inc.

December 17, 2007 09:00 ET

Ka Wang Holding, Inc. Announces Entry Into a New 10,000 Square Foot Headquarters and Confirms the Company's Financial Audits Will Be Finished on Time by the End of 2007

LAS VEGAS, NV--(Marketwire - December 17, 2007) - Ka Wang Holding, Inc. (PINKSHEETS: KWGI), parent company of Ka Wang Department Stores in Southern China, is pleased to announce that the company has moved into a new 10,000 square foot corporate headquarters in the city of Zhuhai which is located next to Macau, China's fastest growing city. The core business of Ka Wang Holding, Inc. has been expanding tremendously during the recent years; a move into a bigger office building is an important step to both accommodate an immediate need and allow space for the company's continued rapid growth.

Ka Wang Holding, Inc. would also like to recognize and congratulate the president of Ka Wang, Mr. Mio, who has been elected as vice chairman of the Zhong Shaw Long Tou Chamber of Commerce for the coming year of 2008. He was recognized for his outstanding contributions and his reputation in the retail business.

Mr. Mio would like to personally confirm and reinforce a previous news release that the company's financial audits are on target to be finished by the end of this year, and the final result will be released as soon as possible.

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.

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