SOURCE: Wall Street News Alert

May 02, 2006 08:38 ET

Wall Street News Alert: Breaking Market News! 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), Lucent Technologies (NYSE: LU), Kohl's (NYSE: KSS) and Target (NYSE: TGT).

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

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit, 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.

Lucent Technologies (NYSE: LU) even on 43.3 million shares traded.

Lucent Technologies designs and delivers the systems, services and software that drive next-generation communications networks.

Kohl's (NYSE: KSS) up 0.05% on 4.6 million shares traded.

Kohl's is a family-focused, value-oriented specialty department store offering moderately priced national and exclusive brand apparel, shoes, accessories, home and beauty products.

Target (NYSE: TGT) up 0.04% on 4.3 million shares traded.

Target is committed to providing guests with great design through innovative products, in-store experiences and community partnerships.


"Construction spending was up by 0.9% for March, and this gain was higher than the 0.4% predicted by economists. Economists said that consumer activity remains robust and this is one good reason for the steady economic growth," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're Interested in telling your story, we can help. Contact us at

WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 50 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at and select the "join now" button.

*** Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street! If you receive any such fax, please do not contact us at You may wish to inquire about the fax, with the CEO of the company that the fax is written about ***

Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated Forty Thousand Dollars for current coverage AND was previously compensated Eighty Thousand Dollars for past coverage of Ever-Glory International Group (OTC BB: EGLY), by a third party (Nikolas Capital Corp.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.

Contact Information