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 Harbin Tai Ai Beauty Co. Ltd. Harbin Tai Ai Beauty Co. Ltd. owns 100% of a LEA Spa inside a five-star hotel. This is an inaugural cooperation with luxury hotel for SOKO.
The 650-square-meter (7,000-square-foot) LEA Spa is located inside the Sofitel Wanda Harbin, a five-star Hotel. The Indonesia spa therapists help customers relax and experience the SOKO lifestyle.
The Lea Spa was opened on July 2, 2008. In the first two months, this facility has served over 1,000 customers per month and has contributed over $216,000 in revenue. Profit margins are already well above 35%.
"Our LEA Spa provides professional spa services inside the Sofitel Hotel," said Tong Liu, CEO and Chairman of the Board of SOKO Fitness and Spa Group. "We believe partnering with luxury hotel chains will accelerate our expansion and development. This is a big step in that direction."
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.
