Business Services Industry
Score One, Inc. Reports Per-Share Earnings Increase of 25 Percent to 6 Cents for the Quarter Ended June 30, 2001
Business Wire, August 28, 2001
Business Editors
LOS ANGELES--(BUSINESS WIRE)--Aug. 28, 2001
Score One, Inc. (OTCBB:SCRO):
-- Revenue Increases by 45.8 Percent -- Gross Profit Margin Increases to 28 Percent -- Net Income Increases 19.7 Percent -- Per-Share Earnings Increase by 25 Percent
Score One, Inc. (OTCBB:SCRO) announced the filing of its Form 10-QSB with the Securities and Exchange Commission on Aug. 24, 2001, for the three-month period ended June 30, 2001.
For the three-month period ended June 30, 2001, total revenue increased by $2.3 million, or 45.8 percent, to $7.2 million, as compared with $4.9 million for the corresponding period in year 2000, while gross profit margin also increased to 28 percent from 26.1 percent.
Related Results
For the three-month period ended June 30, 2001, income before extraordinary gain increased by $195,000, or 19.7 percent, to $1.2 million, as compared with $990,000 for the corresponding period in year 2000.
Roy Ho, president and chief executive officer of Score One, stated, "We attribute the company's increase in net income and gross profit margin to our successful entrance into higher-profit-margin PCB markets, our providing of additional value-added services to our clients during the last two quarters, and lower production costs as a result of bulk purchases of raw materials at comparatively lower prices."
Ho added, "With the highly anticipated entry of China into the World Trade Organization, we expect numerous doors to open which will enable us to capture an abundance of new and lucrative business for many years to come."
The total earnings per share of 6 cents for the three-month period ended June 30, 2001, constitute an extremely significant increase of 25 percent over the previously reported 5 cents for the corresponding period in year 2000.
Ho added, "We continue to demonstrate our ability to report consecutive periods of increasing profitability and our dedication to maximizing investment returns and shareholders' value."
About Score One, Inc. (OTCBB:SCRO)
The company manufactures specific application printed circuit boards (PCBs), including flexible double-sided conductive carbon and polyester based PCBs, principally to OEM manufacturers of brand-name consumer electronic companies such as Sharp, Canon, Citizen, Sony and Hitachi, and is certified at the ISO 9002 level. The consumer electronics and telecommunication products include and are not limited to handheld organizers, scientific calculators 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. Financials are at www.sec.gov.
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