Score One Incorporated is a broad investment service group and the parent company of RC Capital Limited. The Hong Kong based corporation includes businesses like financial consultation, investment and financial planning, enterprise re-organization, public offering consultation, and direct investment.

The company announced that according to a recent article published last June by Network Center of MOFCOM, China goes beyond Germany and becomes the second largest auto parts exporter to the US for the first time. According to a separate article published by Keith Bradsher of the New York Times on June 7, 2007, ”China’s auto parts exports have increased more than six fold in the last five years, nearly topping US$1 billion in April and emerging as one of the fastest-growing categories of Chinese industrial products sold overseas. More than half of these auto parts go to the United States; most of the rest to Europe and Japan”.

Besides those discussed in Score One Inc.’s press releases, public filings, and statements by Score One Inc.’s management, the company estimates the sufficiency of its existing capital resources, ability to raise additional capital to fund future operations, capacity to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Score One Inc.’s capability to be awarded on agreement. All such forward-looking statements are current only from the date on which such statements were made. Score One Inc. does not undertake any obligation to publicly update any advanced statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Ms. Hoi-ho Kiu, Chairman and CEO of Score One, Inc. stated that “China is moving up from basic goods like textiles, toys and shoes towards higher-value industrial goods that pay better wages and achieve higher operating margins. We believe we are in an ideal position to capture the rewards from this higher-value movement. Our country, China, is strongest in electrical and electronic components and in cast metal parts that require lots of manual labor of machining. We further believe soaring output at auto assembly plants in China is generating enormous demand for auto parts and creating the large economies of scale productions which previously are possible only in North America, Europe and Japan.”

This entry was posted on Saturday, August 4th, 2007 at 2:12 am and is filed under Aftermarket parts news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.