China Surpasses Germany in Auto Part Exports to the U.S. - Score One Profits
July 30 2007 - 9:04AM
PR Newswire (US)
HONG KONG, July 30 /Xinhua-PRNewswire-FirstCall/ -- Score One Inc.
(OTC:SREA) (BULLETIN BOARD: SREA) announced today that according to
a recent article published in June by Network Center of MOFCOM,
China has surpassed Germany and become the second largest auto
parts exporter to the US for the first time. During the first
quarter of 2007, China exported US$1.936 billion of auto parts to
the U.S., which surpassed Germany's US$1.934 billion during the
same period, an increase of over 27% for the same period last year.
Also, during the first three months of 2007, China exported
US$6.123 billion auto parts worldwide, an increase of 32.4% the
same period over last year. "China is moving up from basic goods
like textiles, toys and shoes towards higher-value industrial goods
that pay better wages and achieve higher operating margins,"
claimed Ms. Hoi-ho Kiu, Chairman and CEO of Score One, Inc. "We
believe we are in an ideal position to capture the rewards from
this higher-value movement. Our country, China, is strongest in
electrical and electronic components and in cast metal parts that
require lots of manual labor of machining. We further believe
soaring output at auto assembly plants in China is generating
enormous demand for auto parts and creating the large economies of
scale productions which previously are possible only in North
America, Europe and Japan." About Xian Bohua Machinery Electronic
Co. Ltd. With over 100 well-trained and experienced staff, Xian
Bohua is an expert in developing and manufacturing antilock brake
system (ABS) in China. It supplies its ABS to over 100 vehicle
models with an annual capacity exceeding 200,000 pieces. 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. Currently,
Score One is in negotiation with possible corporation with Xian
Bohua. 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 Relations
Officer Tel: +852-2251-8831 Fax: +852-2251-8830 Email: DATASOURCE:
Score One Inc. CONTACT: Investors Relations Officer,
+852-2251-8831, or fax, +852-2251-8830, or
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