LJ International Featured in Los Angeles Times
July 18 2006 - 12:00PM
PR Newswire (US)
LJI and its ENZO Retail Chain One of First Chinese Retailers to
Receive Such Prominent Coverage by a Major U.S. Media Outlet HONG
KONG and LOS ANGELES, July 18 /Xinhua-PRNewswire-FirstCall/ -- LJ
International, Inc. (LJI) (NASDAQ:JADE), one of the fastest-growing
jewelry companies in the world, today reported that it was the
subject of a feature article in this past Saturday's Business
Section of the Los Angeles Times, America's fourth largest
newspaper. The article, written by Los Angeles Times staff writer
Don Lee who is currently based out of Shanghai and has visited the
Company's ENZO stores in China, is headlined, "Chasing the Glint of
a Different-Colored Stone." The article describes the history and
current activities of LJI as well as a profile of the Company's
founder, Chairman and CEO, Yu Chuan Yih. Among other things, it
provides current information on LJI's expansion into China's retail
market, the fastest growing in the world. LJI, through its
wholly-owned ENZO Division, has already opened over 30 stores in
this growing market and, based on current plans, is expected to
increase its leadership position over its foreign rivals by an even
great margin to a goal of at least 100 stores in time for the
Beijing Olympics in 2008. With circulation figures of over 850,000
daily and over 1.23 million in its Sunday edition, the Los Angeles
Times is currently the fourth largest daily newspaper in the U.S.
The publication's article on LJI can be found by clicking the
following link:
http://www.latimes.com/business/la-fi-chinagems15jul15,1,2378934.story
(archive access required after five days past the publication
date). "The extensive coverage of the LJI story by a major U.S.
print publication is not only our first-ever in America, but a very
encouraging sign of the rapidly growing interest in LJI and, in
particular, in the success of our ENZO retail jewelry chain in
China," said Mr. Yih. "This credible third-party story, together
with soon-to-be released coverage by other global print and
broadcast media outlets regarding our latest corporate
developments, is a strong reflection of the increasing interest in
the LJI story by both investors and consumers alike. "Our
first-mover advantage in launching our ENZO Division is,
day-by-day, enabling us to solidify and expand on our position as
the largest foreign- branded jewelry chain in China. We believe
this strong foundation will serve as the key element behind a
number of strategic initiatives designed towards achieving our one
underlying goal: enhancement of shareholder value," concluded Mr.
Yih. To be added to the LJI's investor lists or to participate in
any upcoming conference calls or institutional investor meetings,
please contact Haris Tajyar at or at 818-382-9700. About LJ
International Inc. LJ International Inc. (LJI) (NASDAQ:JADE), based
in Hong Kong and the U.S., is engaged in the designing, branding,
marketing and distribution of 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. Its product lines incorporate all major categories
sought by major retailers, including earrings, necklaces, pendants,
rings and bracelets. For more information on LJI, please visit
http://www.ljintl.com/ . 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 revenues. 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 revenues 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. For further information: AT LJI: AT INVESTOR RELATIONS
INTL: Betty Ho Haris Tajyar Vice President, Corporate Development
Managing Partner Ph: 011-852-2170-0001 Ph: 818-382-9702 Email:
Email: DATASOURCE: LJ International, Inc. CONTACT: Betty Ho of LJ
International, +852-2170-001, or ; Haris Tajyar of Investor
Relations Intl for LJ International, +1-818-382-9702 or Web site:
http://www.ljintl.com/
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