Business Services Industry
Score One Inc. Expands Revenue Base by Opening New Marketplace Offering Circuit on Board ``COB'' Product
Business Wire, Oct 19, 2000
Business & High-Tech Writers
LOS ANGELES--(BUSINESS WIRE)--Oct. 19, 2000
Advanced Technology Holdings Ltd., a wholly owned subsidiary of Score One Inc. (OTCBB:SCRO), announced today another development in its product expansion program directed toward increased revenue, earnings and shareholders' equity.
Score One, a supplier of rigid and flexible Printed Circuit Boards (PCB), has begun to provide the installation of electronic components on its PCBs as a value added service to its existing customers. This new Circuit-On-Board (COB) offering is expected to retain and attract new customers for its existing PCBs and open a new marketplace for the COB product.
"We anticipate that our new COB product will deliver approximately 20 percent more business to the company and a substantial increase to net income," commented Roy Ho, president and CEO of Score One. "This latest development complements our new `World Trade' marketing plan, which has been designed to expand and diversify the company's revenue base."
Score One has recently entered into a Letter of Intent for the purchase of a 45 percent 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 multimedia 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.
The company continues to expand and improve its production facilities, including the installation of a new fully automatic production line for flexible PCBs. It is also developing a Multiple Polyamide Inter Connection Board (MPIC) product that is expected to add an estimated $16.5 million in revenue and $5.9 million in earnings for fiscal year 2001.
As a result of these investments and other measures, the Shareholders' Equity rose 95 percent in nine months, from $3.19 million in December 1999 to $6.22 million in August 2000. The Book Value also increased during the same period from 15 cents to 31 cents, based on 19,930,000 shares outstanding.
About Score One Inc.
The company is certified at IS0 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, but are not limited to, hand-held organizers, scientific calculators, cameras and mobile phones.
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.
Corporate Profile available at http://scro.stockpr.com.
Websites: http://202.96.172.179 and http://www.globalsources.com/athl.co
Financials at www.sec.gov.
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