SOURCE: Wall Street News Alert

May 04, 2006 08:38 ET

Wall Street News Alert: Stock Watch Issued on EGLY! May 4, 2006

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

WESTON, FL -- (MARKET WIRE) -- May 4, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Ever-glory International Group (OTC BB: EGLY), Lucent Technologies (NYSE: LU), Intel (NASDAQ: INTC) and Microsoft Corporation (NASDAQ: MSFT).

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, an international manufacturer of apparel, issued a press release announcing that it has executed a Letter of Intent to acquire the majority or all outstanding shares of Nanjing Catch-Luck Garment Company Limited.

News of the Intent to acquire the company should continue to have the attention of investors! Edward Kang, President and CEO of Ever-Glory, commented, "We are excited about the opportunity to grow our business in a new direction with the acquisition of Nanjing Catch-Luck Garment Company Limited. This transaction represents another significant step toward achieving our goal of dynamic growth through new products and synergistic acquisitions," he concluded.

According to the press release, the addition of Ever-Glory's management team and infrastructure will greatly strengthen Nanjing Catch-Luck Garment Company Limited's already-established millions in revenue as well as strengthen worldwide expansion efforts for their and The Company's products. With $10.8 M in sales reported in Ever Glory International Group's Annual Report, this acquisition will immediately add an additional US$16 million to annual revenues, as well as accelerate overall international growth, expansion, and profitability.

Investors should continue to monitor the progress of Ever-glory International! "We have been looking for good acquisition candidates that will both enhance our operations and create value for our shareholders. This acquisition does both. Ever-Glory is looking forward to another year of strong performance and record profitability," added Mr. Edward Kang, President and CEO of Ever-Glory.

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor Ever-glory International! The press release states that the closing of the transaction is subject to certain due diligence and customary closing conditions and is expected to take place within 60 days. Moreover, the acquisition will be accretive to earnings. As a result of the acquisition, Nanjing Catch-Luck Garment Company Limited will become a majority or wholly owned subsidiary of Ever-Glory.

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." Earlier this week, the company announced that it is building a new state-of-the-art factory. The technological improvements in the new facility will strengthen Ever-Glory's already impressive processing levels.

Prior to the latest press release, the stock closed yesterday at $1.59 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 including China, Europe and the U.S. The Company cooperates with well-respected garment retailer chains such as ITOCHU, ABERCROMBIE & FITCH (ANF), SHINKO , DEBENHAMS , NEXT, OTTO , C&A, I.Y, 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 MATALAN, EB, BEST-SELLER, BB DAKOTA, FAT FACE, LINDEX,and JUST JEANS, etc. 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) down 3.5% on 211.5 million shares traded.

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

Intel (NASDAQ: INTC) down 1.6% on 69.9 million shares traded.

Intel is one of the largest chip makers, is also a leading manufacturer of computer, networking and communications products.

Lucent Technologies (NYSE: LU) down 1.4% on 60.1 million shares traded.

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


"The Commerce Department noted that U.S. made goods and factory orders were up by 4.2% for March. This was the largest gain in 10 months and above the expected 3.7% predicted by economists," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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