updated 2/11/2011 8:16:53 AM ET 2011-02-11T13:16:53

JINJIANG, China, Feb. 11, 2011 (GLOBE NEWSWIRE) -- 8888 Acquisition Corporation (OTCQB:EGHA) ("Chengchang Shoes" or the "Company"), in the business of designing, producing and selling high quality soles to manufacturers of athletic and leisure shoes in China, today announced that it has retained CCG Investor Relations to design and execute its investor relations campaign.

"We look forward to working closely with CCG to establish and enhance our profile among members of the international investment community and to improve our communication with media outlets, potential investors and current shareholders," said Guoqing Zhuang, Chairman and CEO of Chengchang Shoes. "Given CCG's strong track record of representing a wide spectrum of high growth, US-listed Chinese companies, we are confident that our new partnership will help build long term shareholder value."

"We are thrilled to support Chengchang Shoes management as they execute on a sound growth strategy that includes capacity expansion, strategic acquisitions, penetration into wider markets, and technological product innovation," commented Crocker Coulson, president of CCG Investor Relations. "We believe that Chengchang Shoes is very well positioned among manufacturers of high quality soles in China's athletic and leisure shoe market."

About CCG Investor Relations

CCG is a leading global investor relations and strategic communications consulting firm. In business for more than 30 years, the agency provides a complete range of investor communications, counseling, and IT and data solutions through our global network to over 300 clients across multiple capital markets. CCG has been awarded a number of industry honors for its handling of complex investor relations and crisis communications matters. The agency's corporate headquarters is in Los Angeles with additional offices in New York, Beijing, Shanghai, Hongkong, Frankfurt, and Tel Aviv. For further information, contact CCG directly, or visit the Company's web sites at http://www.ccgir.com and http://www.ccgirasia.com.

About 8888 Acquisition Corporation

8888 Acquisition Corporation ("Chengchang Shoes"), through its wholly owned subsidiary, Jinjiang Chengchang Shoes Co., Ltd., is a leading designer and producer of high quality soles marketed to manufacturers of athletic and leisure shoes in China. From its strategically located manufacturing facilities in Jinjiang, Fujian Province, the Company distributes ten millions of soles per year to its customers, which include many of China's well recognized sportswear companies and an OEM supplier of Adidas® in Asia. Chengchang Shoes continuously invests in research and development to regularly introduce innovative new products and enhance design and performance features of products in its portfolio. By leveraging its technologically advanced and efficient production lines for granulation, injection molding, foam molding and synthetic rubber, the Company aims to satisfy its customers' strict accuracy requirements and capitalize on growing demand for athletic shoes in China. For more information, please visit: http://www.chandracn.com.

Safe Harbor Statement

The statements contained herein that are not historical facts are considered "forward-looking statements." Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the potential growth of the markets are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.

CONTACT: Mr. Peter Chen, VP of Finance
         8888 Acquisition Corporation
         Tel: +86 595-82889862 (China)
         Email: tuyan_chen@yahoo.com.cn
         Website: www.chandracn.com
         Investor Relations Contact:
         Mr. Kalle Ahl, CFA, Account Manager
         Tel: +1 646-833-3417
         Email: kalle.ahl@ccgir.com
         Website: www.ccgirasia.com

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