China Shoe Announces Continued Growth
04 Octubre 2007 - 12:35PM
PR Newswire (US)
SHANGHAI, China, Oct. 4 /PRNewswire-FirstCall/ -- China Shoe
Holdings Inc. (OTC:CHSH) (BULLETIN BOARD: CHSH) ("the Company"), an
independent shoe manufacturer in China, today announced that its
business volume has continued to expand through increased orders
from large overseas customers. Management estimates that the
current orders on hand will allow the Company to run at full
production capacity up to at least mid-2008. Based on current
orders and operating conditions, management believes that the
Company's 2008 results will exceed 2007 results. "We are delighted
about the continual growth of the manufacturing business,
especially from overseas customers. This further endorses our
reputation as a premier quality shoes manufacturer in China, which
is going to be a key success factor as we step into the retail
market", said Mr. Gu Xianzhong, President and CEO of China Shoe
Holdings. China Shoe has already formulated its strategy to enter
the China retail footwear market and currently continues to engage
in negotiations with various investors to raise the required
capital. About China Shoe Holdings, Inc. Based in Shanghai, China,
China Shoe manufactures, designs and sells private label and its
own branded footwear throughout China and in overseas markets,
principally Japan. China Shoe has its own manufacturing facilities
located in China. China Shoe has built a diversified customer base
throughout China and overseas. To learn more about the Company
please visit http://www.shoeses.net/. Safe Harbor Statement This
release may contain forward-looking statements. These forward-
looking statements are neither promises nor guarantees, but involve
risks and uncertainties that may cause actual results to differ
materially from those in the forward-looking statements. Readers
should not place undue reliance on any such forward-looking
statements that are based solely on information known as of the
date of this release. China Shoe Holdings, Inc. disclaims any
obligation to update or revise any such statements to reflect any
change in expectations or in events, conditions or circumstances on
which any such statements may be based or that may affect the
likelihood that actual results will differ from those contained in
the forward-looking statement. DATASOURCE: China Shoe Holdings,
Inc. CONTACT: Jason Ma of China Shoe Holdings, Inc., +852-98350984,
fax +86- 21-51686308, ; or Investors: Donald P. Visco of D. Visco,
Inc., +1-561-213-4469, , for China Shoe Holdings, Inc. Web site:
http://www.shoeses.net/
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