China Shoe Holdings Inc.
China Shoe Holdings Inc.: CONTINUED GROWTH
China Shoe Holdings Inc. / Development of Sales/Forecast Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- CHINA SHOE HOLDINGS ANNOUNCES CONTINUED GROWTH 4 October, 2007, Shanghai, PRC China Shoe Holdings Inc. (OTCBB: 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 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. SOURCE China Shoe Holdings, Inc. For more information, please contact: For the Company: Investors: Jason Ma Donald P. Visco Phone: +852-98350984 D. Visco, Inc. Fax: +86-21-51686308 Phone: (561)213-4469 E-mail: jkwma@hotmail.com E-mail: viscoidon7@yahoo.com 05.10.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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