HONG KONG, China, Aug. 11 /Xinhua-PRNewswire-FirstCall/ -- Score One Inc. (OTC Bulletin Board: SREA) announced today that the Company is negotiating with Dragon Gainer-Gold Fund, a private investment company ( http://www.dg.com.hk ) based in Hong Kong with total fund under management of approximately US$30 million, to provide a combination of equity and debt financing in the amount of between US$2 million and $4 million.
"Upon successful completion of the financing, we intend to use the proceeds to acquire several small-sized auto parts manufacturers domestically as well as internationally for the growth of the Company," said Ms. Hoi-ho Kiu, Chairman and CEO of Score One, Inc. "Our strategy to take part in the auto parts industry is crystal-clear. We recently eye overseas acquisitions of our counter part so as to get around the rising trade protectionism against Chinese products in other western countries."
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 as well as eyeing overseas acquisitions.
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.
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Investors Relation Officer
Tel: +852-2251-8831
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Email: rccapitalltd@hottdesk.com
