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SOKO Fitness & Spa Group, Inc. Acquires 51% of Shenyang Letian Yoga Fitness Center

2008-09-30 15:10 1575

HARBIN, China, Oct. 1 /Xinhua-PRNewswire/ -- Harbin Mege Union Beauty Management Ltd., wholly owned by SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board: SOKF), a Delaware corporation, announced the acquisition of 51% of Shenyang Letian Yoga Fitness Center in Shenyang, the biggest city in Northeast China.

This 73,200 sq. ft. club, with a Yoga master from India, is the largest Yoga club in Asia. In the short time since its opening, the club has already signed up more than 3000 members.

The Shenyang Letian Yoga Fitness Center is currently operating above break-even. With SOKO’s professional management and a continuing increase in membership, the club could achieve a profit margin of 30% within the next 2 years.

Mr. Tong Liu, CEO and Chairman of the board of SOKO Fitness & Spa Group, Inc., comments, "The Shenyang Letian Yoga Club should become a very profitable segment of SOKO Fitness. In addition, it gives us an entry into Shenyang, in Liaoning Province, that will enable us to acquire experienced personnel and expand the SOKO brand. This will help provide a base for our continuing expansion. Our goal is to make more people enjoy the professional fitness services and improve their quality of life."

About SOKO Fitness & Spa Group, Inc.:

SOKO Fitness & Spa Group, Inc., is a leading operator of fitness clubs and spas in Northeast China. The Company provides programs, services, and products uniquely combined with exercise, education, and nutrition to help their members lead a healthy life and achieve their fitness goals. For further information, please go to http://www.sokofitness.com .

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. Statements that are not historical facts, including statements about SOKO’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. SOKO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Source: SOKO Fitness & Spa Group, Inc.
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