Score One Inc. Enters Into Letter of Intent to Acquire Jiang Yin Kai Sheng Copper Clad Laminated Sheet Co. Ltd

Business Wire, Jan 30, 2001

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Jan. 30, 2001

Additional US$2 Million in Net Profit for Fiscal Year 2001 Anticipated

Score One Inc. (OTCBB:SCRO) announced that it has entered into a Letter of Intent with Jiang Yin Kai Sheng Copper Clad Laminated Sheet Co. Ltd. ("Copper Clad Laminated Sheet Co.") to acquire all of the common stock and business assets of Copper Clad Laminated Sheet Co., based on a 5-times price-earning multiple on the projected net profit of fiscal year 2001, which is expected to be not less than US$2 million.

The specific terms of the transaction are confidential at this time.

Copper Clad Laminated Sheet Co. is a wholly foreign owned enterprise established in the People's Republic of China, and is principally engaged in the manufacture of board materials for printed circuit board manufacturers. The business assets of Copper Clad Laminated Sheet Co. that are to be acquired by Score One have an anticipated value of at least US$10 million.

Commenting on the proposed acquisition of Copper Clad Laminated Sheet Co., Roy Ho, president and chief executive officer of Score One, stated, "We anticipate the acquisition of Copper Clad Laminated Sheet Co. to translate into an increase of US$2 million in our net profit for fiscal year 2001."

Ho added, "Our anticipated acquisition of Copper Clad Laminated Sheet Co. symbolizes our commitment to maintaining our edge over the competition by, amongst other things, expanding and diversifying our revenue base."

About Score One Inc.

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-named consumer electronics companies such as Sharp, Canon, Citizen and Samsung, and are certified at ISO 9002 level.

The consumer electronics and telecommunication products include, and are not limited to, handheld organizers, scientific calculators and mobile phones.

For the three-month period ended Nov. 30, 2000, Score One's net income increased 75 percent to $1.7 million as compared to the same period ended November 1999, while gross profit margin also increased to 39.2 percent from 22.8 percent in 1999.

The total earning per share of $.09 for the three-month period ended Nov. 30, 2000, constitutes a significant increase of 50 percent over the previously reported $.06 for the same period ended Nov. 30, 1999. During the previous six-month reporting period ended Nov. 30, 2000, shareholder equity appreciated by 64 percent from $4.84 million to $7.95 million.

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.