¶ Score One Announces Increase in Production Capability...
LOS ANGELES--(BUSINESS WIRE)--Nov. 1, 2000--Advanced Technology Holding Ltd., a wholly owned subsidiary of Score One Inc. (OTCBB:SCRO), announced today the purchase of a Hot-air leveling machine to meet increasing demand for telecommunication and computer-related Printed Circuit Boards (PCBs). Management anticipates a significant increase in new orders for PCBs, as the new equipment has the ability to boost productivity by at least 10%, while improving product quality and reducing delivery time proportionally. The company significantly increased Shareholders' Equity by investing approximately $600,000 in income-producing assets during the last reporting quarter, $400,000 of which was applied to the purchase of the Hot-air leveling machine. Roy Ho, president and CEO of Score One, commented: "Quality and service are the essence of our success in this competitive market. Increased production capability and reduced delivery time afford Score One that essential edge over the competition, while maximizing investment returns and shareholders' value."
Recent Announcements Include:
-- Net income increased 8% to $1.38 million as compared to the same period ended Aug. 31, 1999, while gross profit margin increased to 32.4%.
-- Total earning per share of $.07 for the three-month period ended Aug. 31, 2000 and a 33% increase in shareholder equity to $6.2 million.
-- $.10 per share earnings for the five-month period ended May 31, 2000, and shareholder equity increase of 52% from $3.19 million to $4.84 million. Shareholders' Equity rose 95 percent in the nine-month period ended Aug. 31, 2000, while Book Value increased from 16 cents to 31 cents.
-- Score One has recently entered into a Letter of Intent for the purchase of a 45% equity stake in Blue-Tech Industrial Co. Ltd. ("Blue-Tech"), a joint venture with the Pao Li Group of Jiangsu Province in the People's Republic of China (PRC). Blue-Tech plans to manufacture Multi-media Home Personal Computers and expects to generate approximately $20 million in revenues and $2.65 million in net income for the first year of operation, approximately $1.2 million of which would accrue to Score One.
About Score One Inc.
The company is certified at the ISO 9002 level and manufactures specific application printed circuit boards (PCBs), including flexible double-sided conductive carbon and polyester-based PCBs, principally for OEM manufacturers of brand-named consumer electronics companies such as Polaroid, Sharp, Canon, Citizen, Sony and Hitachi. The consumer electronics and telecommunication products include hand-held organizers, scientific calculators, cameras and mobile phones.
Corporate profile (unedited) available at http://scro.stockpr.com. Financials at www.sec.gov.
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
--30--JUN/la* SJK/la KZ/la
CONTACT: Stockcom International Inc. Kathryn K. Jensen, 877/878-6909 ceo@stockpr.com or Advanced Technology Holdings Ltd. Bernard Chan, 011/852-2521-5210 bkchan@ctimail.com
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.