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LJ International Inc. Announces Filing of a Universal Shelf Registration Statement with SEC

2008-07-22 16:05:00

LJ International Inc. Announces Filing of a Universal Shelf Registration Statement with SEC

    HONG KONG, July 22 /Xinhua-EMWNews/ -- LJ International

Inc. (LJI) (Nasdaq: JADE), a leading jewelry manufacturer and retailer,

today announced that it has filed a Universal Shelf Registration Statement

on Form F-3 with the Securities and Exchange Commission (SEC).



    Upon being declared effective by the SEC, this Universal Shelf

Registration Statement will allow LJI to sell, in one or more public

offerings, common stock or warrants, or any combination of such securities

for proceeds in an aggregate amount of up to $100 million. The terms of any

offering, including the type of securities involved, will be established at

the time of sale.



    This Universal Shelf Registration Statement will allow LJI, subject to

market conditions and the Company's capital needs, to access the capital

markets to support its growth strategy, which may include the expansion of

its ENZO retail jewelry chain, potential acquisitions, business

combinations or industry partnerships, as well as general working capital

and the repayment or reduction of its short-term liabilities.



    A registration statement on Form F-3 relating to these securities has

been filed with the SEC, but has not yet become effective. These securities

may not be sold, nor may offers to buy be accepted, prior to the time the

registration statement becomes effective. This release shall not constitute

an offer to sell or the solicitation of an offer to buy, nor shall there be

any sale of these securities, in any state in which such offer,

solicitation or sale would be unlawful prior to registration or

qualification under the securities laws of any such state. Any offer of

these securities will be made solely by means of the prospectus included in

the registration statement and any prospectus supplement that may be issued

with respect to such offering.



    To be added to LJI's investor lists, please contact Haris Tajyar at

[email protected] or at 818-382-9702.



    About LJ International



    LJ International Inc. (LJI) (Nasdaq: JADE), based in Hong Kong, is

engaged in the designing, branding, marketing and distribution of a full

range of jewelry. It has built its global business 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.



    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 and earnings. 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 and in China, introduction 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.





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