China Shoe Holdings Inc an independent shoe manufacturer in Chinab 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.
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