LJ International Inc. Announces Change of Fiscal Year End
HONG KONG, Dec. 28, 2012 /PRNewswire/ -- LJ International
Inc. (NASDAQ: JADE) ("LJI" or the "Company"), a leading
colored gemstone and diamond jeweler with retail and wholesale
businesses, today announced that its Board of Directors has
approved a change of the Company's fiscal year end
from December 31 to March 31 each year. The primary purpose of
the change of fiscal year end is to align its reporting with that
of the Company's domestic peers to improve comparability on both a
quarterly and an annual basis. The change of fiscal year end
is effective immediately.
About LJ International Inc.
LJ International Inc. (LJI) (NASDAQ:JADE) is engaged in the
designing, branding, marketing and distribution of its full range
of jewelry. It has built its global business on a vertical
integration strategy, and an unwavering commitment to quality and
service. Through its China-based
ENZO retail chain stores, LJI is now a major presence in
China's fast-growing retail
jewelry market. As a wholesaler, it distributes to fine jewelers,
department stores, national jewelry chains and electronic and
specialty retailers throughout North
America and Western Europe.
Its product lines incorporate all major categories, including
earrings, necklaces, pendants, rings and bracelets. For more
information on the Company, visit the Company's website at
www.ljintl.com.
Cautionary Note Regarding Forward-Looking
Statements: This press release may contain
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as "anticipates,"
"intends," "plans," "seeks," "believes," "estimates," "expects" and
similar references to future periods. Forward-looking
statements are based on our current expectations and assumptions
regarding our business, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict. Our
actual results may differ materially from those contemplated by the
forward-looking statements. They are neither statements of
historical fact nor guarantees or assurances of future performance.
We caution you therefore against relying on any of these
forward-looking statements. Factors that could cause actual results
to differ materially from such statements, as well as additional
risk factors, are detailed in the Company's most recent filings
with the Securities and Exchange Commission. Any forward-looking
statement made by us in this press release speaks only as of the
date on which it is made. We undertake no obligation to
publicly update any forward-looking information contained in this
press release or with respect to the announcements described
herein, except as may be required by law.
Investor Relations contact:
LJ International Inc.
Mr. Ringo Ng
T:
852-2764 3622
E: ir@ljintl.com
SOURCE LJ International Inc.
