Published:
SOKO Fitness & Spa Group, Inc. Acquires 51% of Shenyang Letian Yoga Fitness Center
HARBIN, China, Oct. 1 /Xinhua-PRNewswire-FirstCall/ -- Harbin Mege Union
Beauty Management Ltd., wholly owned by SOKO Fitness & Spa Group, Inc. (OTC
Bulletin Board: SOKF), aDelaware corporation, announced the acquisition of
51% of Shenyang Letian Yoga Fitness Center inShenyang, the biggest city in
Northeast China.
This 73,200 sq. ft. club, with a Yoga master fromIndia, is the largest
Yoga club inAsia. In the short time since its opening, the club has already
signed up more than 3000 members.
The Shenyang Letian Yoga Fitness Center is currently operating above
break-even. With SOKO's professional management and a continuing increase in
membership, the club could achieve a profit margin of 30% within the next 2
years.
Mr. Tong Liu, CEO and Chairman of the board of SOKO Fitness & Spa Group,
Inc., comments, "The Shenyang Letian Yoga Club should become a very profitable
segment of SOKO Fitness. In addition, it gives us an entry intoShenyang, in
Liaoning Province, that will enable us to acquire experienced personnel and
expand the SOKO brand. This will help provide a base for our continuing
expansion. Our goal is to make more people enjoy the professional fitness
services and improve their quality of life."
About SOKO Fitness & Spa Group, Inc.:
SOKO Fitness & Spa Group, Inc., is a leading operator of fitness clubs and
spas inNortheast China. The Company provides programs, services, and products
uniquely combined with exercise, education, and nutrition to help their
members lead a healthy life and achieve their fitness goals. For further
information, please go to http://www.sokofitness.com .
Safe Harbor Statement
This announcement contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by words or phrases such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar statements.
Among other things, the business outlook and quotations from management in
this press release contain forward-looking statements. Statements that are not
historical facts, including statements about SOKO's beliefs and expectations,
are forward-looking statements. Forward-looking statements involve inherent
risks and uncertainties. A number of important factors could cause actual
results to differ materially from those contained in any forward-looking
statement. SOKO does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
For more information, please contact:
The U.S. Office:
Yan Mu
Tel: +1-484-716-1081
Email: muyan@sokofitness.com
China Office:
Yu Xia
Tel: +86-451-8770 2255
Email: yuxia@sokofitness.com
SOURCE SOKO Fitness & Spa Group, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,HEA,LEI,FAS,OTC,TNM,JVN,SOKF-Acquisition
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