omniture

Score One to Acquire $75 Million Dalian Project

2007-06-25 09:51 1255

HONG KONG, June 23 /Xinhua-PRNewswire/ -- Score One Inc.

(OTC 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: rccapitalltd@hottdesk.com

Source: Score One Inc.
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