Score One to Tap into China's US$120 Billion Auto Parts Exports Industry |
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By: Score One Inc. Posted: 2007-08-05 16:01:41 |
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Score One Inc. (OTC Bulletin Board: SREA) announced today that according to a recent article published by Michael Wen of Taiwan Economic News, Chinese authorities had marked the Chinese auto and auto-parts sectors as part of the official agenda by their reassuring performance in 2006. According to the article, Wei Jian-guo, vice minister of commerce, announced that China will boost its auto and auto-parts exports to US$120 billion in 10 years, for a 10% global market share, from the current US$11 billion.
"The quality of China-made auto parts and accessories has been upgraded significantly over the past years," claimed Ms. Hoi-ho Kiu, Chairman and CEO of Score One, Inc. "Our auto-parts industry has been able to meet the needs of the fast growing auto industry and the aftermarket, offer original equipment items to commercial vehicles, mid-range and high-end cars, thereby displacing the market shares of the imports parts. We have been evolved from low value-added to high value-added items, with some Chinese local brands beginning to join the international procurement network." She furthered, "Our potential cooperation with Xian Bohua will surely improve our corporate development and provide us with superb opportunities to tap into China's auto- parts industry and lead us to a high level of commercial battlefield." 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. For more information, please contact: Investors Relation Officer Tel: 852-2251-8831 Fax: 852-2251-8830 |
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