LJ International Named Vendor of the Year By ShopNBC
August 25 2005 - 12:30PM
PR Newswire (US)
Home Shopping Channel Also Designates China-Based Jewelry Firm a
"Rising Star" HONG KONG and LOS ANGELES, Aug. 25
/PRNewswire-FirstCall/ -- LJ International, Inc. (LJI)
(NASDAQ:JADE), one of the fastest-growing jewelry companies in the
world, today said it has been named "Vendor of the Year" and a
"Rising Star" by ShopNBC, the third largest home shopping channel
in the U.S. The awards recognize the growing popularity of LJI
products with ShopNBC customers. LJI has been selling its jewelry
products through ShopNBC since September 2003. ShopNBC, the
flagship media property of ValueVision Media Inc. (NASDAQ:VVTV), is
a multi-channel retailer that reaches some 60 million U.S. homes.
ValueVision had $649 million in sales in its latest fiscal year,
ended January 31, 2005. "We are pleased that ShopNBC, one of our
most valuable retail partners, has recognized us for our
contribution to the ShopNBC product mix," said Betty Ho, LJI Vice
President for Corporate Development. "This honor is particularly
significant for us, as a supplier and product development partner,
to develop a long term relationship". We look forward to continued
growth in this important retail relationship." If you would like to
be added to LJI's investor e-mail lists, please contact Haris
Tajyar with Investor Relations International at . About LJ
International LJ International, Inc. (LJI), based in Hong Kong and
the U.S., is engaged in designing, branding, marketing and
distributing a full range of jewelry. It has built its global
business, currently one of the fastest-growing in the jewelry
industry, on a vertical integration strategy and an unwavering
commitment to quality and service. LJI distributes to fine
jewelers, department stores, national jewelry chains and electronic
and specialty retailers throughout North America and Western
Europe, with a growing retail presence in China through its ENZO
stores and e-shopping sites. Its product lines incorporate all
major categories sought by major retailers, including earrings,
necklaces, pendants, rings and bracelets. It trades on the NASDAQ
National Market under the symbol JADE. Forward looking statement:
Except for the historical information, the matters discussed in
this news release may contain forward-looking statements,
including, but not limited to, factors relating to future sales.
These forward-looking statements may involve a number of risks and
uncertainties. Actual results may vary significantly based on a
number of factors, including, but not limited to, uncertainties in
product demand, the impact of competitive products and pricing,
changing economic conditions around the world, release and sales of
new products and other risk factors detailed in the company's most
recent annual report and other filings with the Securities and
Exchange Commission. DATASOURCE: LJ International CONTACT: Betty
Ho, Vice President, Corporate Development of LJ International,
+011-852-2170-0001, ; Haris Tajyar, Managing Partner of Investor
Relations Intl, +1-818-382-9702, Web site: http://www.ljintl.com/
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