SHANGHAI, Dec. 27, 2012 /PRNewswire-FirstCall/ -- Zuoan Fashion Limited (NYSE: ZA) ("Zuoan" or the "Company"), a leading design-driven fashion casual menswear company in China, today announced that it was one of fifty-six textile and apparel companies awarded the '2012 Product Development Award' from the China National Textile and Apparel Council ("CNTAC").
CNTAC is a national, nonprofit federation of textile-related industries that aims to provide the best service to the modernization of China's textile industry. The Product Development Award is given to the companies which have made significant product development contributions in China's textile and apparel industry in 2012.
James Hong, Founder, Chairman of the Board and Chief Executive Officer, commented, "We are proud to be a recipient of the '2012 Product Development Award' and are grateful to the China National Textile and Apparel Council for recognizing our fashion casual menswear products and Zuoan's leading position in China's apparel market. We have a strong design team, comprised of both domestic and international fashion design talent, and have incorporated the latest technology to enhance our fabric design, accessories and apparel innovation. By accepting this award, we remain committed to developing high-quality, in-demand fashion products and will continue our efforts to contribute to the overall development of China's textile and apparel industry."
About Zuoan Fashion Limited
Zuoan Fashion Limited is a leading design-driven fashion casual menswear company in China, and is head-quartered in Shanghai. Zuoan offers a wide range of products, including men's casual apparel, footwear and lifestyle accessories, primarily targeting urban males between the ages of 20 and 40 who prefer stylish clothing that represents a sophisticated lifestyle. Through extensive networks of distributors and retail stores, Zuoan sells its products in 30 of China's 32 provinces and municipalities. As of September 30, 2012, Zuoan had 1,289 stores located in China.
This news release may contain forward-looking information about Zuoan Fashion Limited, which is covered under the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward- looking terminology such as believe, expect, may, will, should, project, plan, seek, intend, or anticipate or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and Zuoan Fashion Limited's future performance, operations, and products.
Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Actual performance results may vary significantly from expectations and projections. Further information regarding this and other risk factors are contained in Zuoan's public filings with the U.S. Securities and Exchange Commission.
All information provided in this news release and in any attachments is as of the date of the release, and the companies do not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
Zuoan Investor Relations Department
SOURCE Zuoan Fashion Limited
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