Score One to Acquire $75 Million Dalian Project
June 22 2007 - 5:00PM
PR Newswire (US)
HONG KONG, June 22 /Xinhua-PRNewswire/ -- Score One Inc. (OTC:SREA)
(BULLETIN BOARD: SREA) announced today that its wholly owned
subsidiary, RC Capital Limited entered into an agreement to acquire
Dalian Fengming International Recreation Town Phase II ("Recreation
Town"). Recreation Town is a piece of undeveloped land located in
the peninsula in Dalian, the PRC with a current market value
exceeding $75 million. Under the agreement, Score One Inc. will
issue 28 million shares to acquire 100% of Recreation Town and the
transaction is contemplated to be completed in approximately 12
months. "We have been looking into potential acquisitions and
investment opportunities in Dalian, a major city in Northern
China.," remarked by Ms. Hoi-ho Kiu, Chairman and CEO of Score One,
Inc. "We believe the opportunity for the involvement in Recreation
Town development project and the extension signed for the
completion of this transaction will ensure sufficient time for us
to carry out due diligence process as well as to tap into potential
financing opportunities from the capital market in the U.S. for
this project." About Score One Inc. Score One Inc. is a
comprehensive investment service group and the parent company of RC
Capital Limited, a Hong Kong based corporation which business
includes financial consultation, investment and financial planning,
enterprise re-organization, public offering consultation, and
direct investment. Safe Harbor Information in this news release or
on this website may contain statements about future expectations,
plans, prospects or performance of Score One Inc. that constitute
forward-looking statements for purposes of the safe harbor
provisions under the Private Securities Litigation Reform Act of
1995. The words or phrases "can be," "expects," "may affect,"
"believed," "estimate," "project," and similar words and phrases
are intended to identify such forward-looking statements. Score One
Inc. cautions you that any forward- looking information provided by
or on behalf of Score One Inc. is not a guarantee of future
performance. None of the information on this website constitutes an
offer to sell securities or investment advice of any kind, and
visitors should not base their investment decisions on information
contained in this website. Score One Inc.'s actual results may
differ materially from those anticipated in such forward-looking
statements as a result of various important factors, some of which
are beyond Score One Inc.'s control. In addition to those discussed
in Score One Inc.'s press releases, public filings, and statements
by Score One Inc.'s management, including, but not limited to,
Score One Inc.'s estimate of the sufficiency of its existing
capital resources, Score One Inc.'s ability to raise additional
capital to fund future operations, Score One Inc.'s ability to
repay its existing indebtedness, the uncertainties involved in
estimating market opportunities and, in identifying contracts which
match Score One Inc.'s capability to be awarded contracts. All such
forward-looking statements are current only as of the date on which
such statements were made. Score One Inc. does not undertake any
obligation to publicly update any forward-looking statement to
reflect events or circumstances after the date on which any such
statement is made or to reflect the occurrence of unanticipated
events. For more information, please contact: Investors Relation
Officer Tel: 852-2251-8831 Fax: 852-2251-8830 Email: DATASOURCE:
Score One Inc. CONTACT: Investors Relation Officer of Score One
Inc., 852-2251-8831, or fax, 852-2251-8830, or
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