(BSNS WIRE) Score One, Inc. Reports Per-Share Earnings Increase of 25 Perce
Score One, Inc. Reports Per-Share Earnings Increase of 25 Percent to 6 Cents
for the Quarter Ended June 30, 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.
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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CONTACT: Score One, Inc.
Roy Ho, 852-2406-8978
KEYWORD: CALIFORNIA CHINA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: HARDWARE EARNINGS
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