SOURCE: Ka Wang Holding, Inc.

August 29, 2007 09:10 ET

Ka Wang Signs a Major $30,000,000 Contract to Sell Its Patented Blue Jean Fabric

LAS VEGAS, NV--(Marketwire - August 29, 2007) - Ka Wang Holding, Inc. (PINKSHEETS: KWGI) parent company of Ka Wang Department Stores in Southern China announces the signing of a $30,000,000 contract to produce their patented blue jean fabric for one of the largest textile companies in the Hunan Providence in Northern China.

This contract involves the delivery of 2265 metric tons over the next year of this newly developed high density, soft as cotton, fabric material.

This new-patented blue jean fabric has become one of the best selling products for Ka Wang's wholesale division.

Ka Wang has a well respected, state-of-the-art research and development department in the process of developing a number of other new products for future introduction to the world market.

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. From one store in 1980, Ka Wang has expanded into 70 retail stores (including the acquisition of Hunan Golden Dragon). 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.

Contact Information

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