HONG KONG, July 25 /Xinhua-PRNewswire-FirstCall/ -- Score One Inc. (OTC Bulletin Board: SREA) announced today that according to a recently published China Auto Parts Industry Report, 2007 (publisher: Research InChina), the revenue of China's auto parts industry amounted to RMB527 billion (or approximately US$68 billion) in year 2006, an increase of 34.71% for a year-on-year basis.
Also, according to a separate article published by Keith Bradsher of the New York Times on June 7, 2007, “China's auto parts exports have increased more than six fold in the last five years, nearly topping US$1 billion in April and emerging as one of the fastest-growing categories of Chinese industrial products sold overseas. More than half of these auto parts go to the United States; most of the rest to Europe and Japan.”
“With the potential cooperation with Xian Bohua Machinery Electronic Co. Ltd. ( http://www.xabohua.com.cn ) to build a first China ‘Motown in Dalian,' we are in the right position to capitalize on the booming auto parts industry,” delighted by Ms. Hoi-ho Kiu, Chairman and CEO of Score One, Inc. “We believe that this China Motown will create tremendous business opportunities as well as economic rewards for domestic and international auto parts and peripherals manufactures,” she furthered. “We look forward to finalize our cooperation with Xian Bohua in the coming weeks.”
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. Recreation Town is a piece of undeveloped land located in the peninsula in Dalian, the PRC with a current market value exceeding $75 million.
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