Everyone Loves the Love Plate Line! Even You – Check Out Its Fresh Design.
EGDI – Elgrande International, Inc. Elgrande International
(OTCBB: EGDI) announced that they are accelerating strategic plans to manufacture the Ginger Kelly line of artist designed glassware in China. Steadily increasing sales of the Ginger Kelly line have made production in China very attractive because it provides increased production capabilities and higher profit margins. Sales of this popular line of glassware have grown significantly. The Company’s inability to meet demand for the glassware has necessitated the acceleration of plans designed to improve both pricing and production capacity. The Company expects to be ready to launch its expanded line under the new name “Ginger Kelly Collection” in the fall of 2006. Michael Holloran, Chief Executive Officer of Elgrande International, stated, “The difficulties we are experiencing with the Love Plates product have forced us to accelerate plans which began in mid 2005 to introduce higher margin, higher production, artist designed products to meet the demands of our customers. The skill level of the Chinese glass blowers is equal to that of Europe, and combined with higher production capacity and lower manufacturing costs, gives us more flexibility to meet increasing market demand. This is an inevitable move that will also allow us to expand the market for the Ginger Kelly Collection beyond North America, thereby greatly increasing shareholder value.”
The high quality of this product and in particular the Love Plate line may be viewed here: http://www.europeansourcesdirect.com/
About Elgrande International
Elgrande International ( www.elgrande.com ) specializes in sourcing, importing, marketing and distributing unique artist designed quality products in the medium to high-end home décor tabletop market. Their products are exclusively produced for the North American home décor and giftware sectors. The Company has a North American sales and distribution infrastructure that services approximately 650 customers that include independent retailers and national key accounts. Elgrande was the winner of the 2003 CGTA “Best New Giftware” award ( www.cgta.org ).
Safe Harbor Provision: This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include “…will also allow us to expand the market for the Ginger Kelly Collection beyond North America, thereby greatly increasing shareholder value” and are based on the Company’s current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Risk factors include, lack of inventory financing, foreign currency fluctuations, availability of product, uncertainty concerning market acceptance of its products, competition and other risk factors as outlined in the Company’s SEC filings.
Forward Looking Statement: The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward- looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.
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Sources:
Market Wire, Inc.
VANCOUVER, BC
EGDI – Elgrande International, Inc.
Address:
1450 Kootenay Street
Suite 302
Vancouver, BC V5K 4R1
Website: http://www.elgrande.com
Phone: 604-689-0808
