Score One Enters $10 Billion Domestic PCB Market Because of Normalized American Trade With China; Anticipated Annual Growth Increase From PRC's Economic Integration With West.Business Editors & High-Tech Writers NEW YORK--(BUSINESS WIRE)--Sept. 21, 2000 Score One Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SCRO SCRO Scottish Criminal Records Office (Glasgow, Scotland, UK) SCRO South Central Regional Office SCRO Society for the Conservation and Research of Owls SCRO Scottish Cave Rescue Organisation SCRO Shutdown Control Room Operator ), with the wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Advanced Technology Holdings Ltd., today announced that the company intends to expand current business and reposition itself to capture the lucrative domestic PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. market's potential annual turnover of $10 billion. Roy Ho, president of SCRO, stated, "Recent approval for permanent normal trade relations Permanent Normal Trade Relations (PNTR) status is a legal designation in the United States for free trade with a foreign nation. In the U.S. the name was changed from Most Favored Nation (MFN) to PNTR in 1998. and ultimate entry into the World Trade Organization for the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China will provide vast business opportunities for a number of industries, particularly those related to electronics and telecommunications." The company intends to benefit from the "permanent trade relations" status, which could afford Score One an approximate 17 percent reduction rebate on its imports duty for raw material used in the production of PCBs. The capturing of the domestic market with anticipated entry into the World Trade Organization could translate into an additional 30 percent growth provided that sufficient funding is available for the expansion of its production facilities. The company currently directs its business toward exporting to OEMs of brand-name Japanese, U.S. and European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. located in the People's Republic of China. These clients include Sharp, Canon, Citizen, Sony and Hitachi. Historical Revenues and Earnings The company recently released its earnings as of five months ended May 31, 2000.
May 31, 2000 Dec. 31, 1999
(five months) (annual)
Revenues $8.00 million $21.60 million
Earnings $1.84 million $ 3.95 million
EPS (basic/diluted) 10 cents 20 cents
Shareholder equity $4.84 million $ 3.19 million
Production Goals The company is developing a Multiple Polyamide polyamide material used in the creation of nonabsorbable, synthetic, nylon sutures. Inter Connection Board (MPIC MPIC Medical Person in Charge (United States Coast Guard certification) MPIC Multi-Processor Interrupt Controller MPIC Multi-Path Interference Cancellation MPIC Ministry of Plantation Industries & Commodities ) for an estimated additional $16.5 million in revenue and an additional $5.9 million in earnings for fiscal year 2001. Production Facility The production facilities of Advanced Technology International Holdings are located at Dongguan, southern China. There were two production lines built within the factory premises, consisting of one five-story building and one single-story building that house the approximate 600 employees of the company. About Score One (SCRO) The company manufactures specific-application printed circuit boards (PCBs), including flexible double-sided conductive carbon and polyester-based PCBs, principally to OEMs of brand-named consumer electronics companies such as Sharp, Canon, Citizen, Sony and Hitachi and are certified at the IS09002 level. The consumer electronics and telecommunications 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. Note to Editors: A corporate profile (unedited) is available at http://money.vmc3.com; financials are available at www.sec.gov. |
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