-- Revenue Grew 110%
-- Net Income Grew 86.5%
-- SOKO opened 3 new facilities and remodeled a fourth.
HARBIN, China, Oct.15 /Xinhua-PRNewswire-FirstCall/-- Harbin Mege Union
Beauty Management Ltd. today reported the operating results for SOKO Fitness &
Spa Group, Inc. (OTC Bulletin Board: SOKF)('the Company'), for the first
quarter ended August 31, 2008. Harbin Mege Union Beauty Management Ltd. is
wholly owned subsidiary of SOKO Fitness & Spa Group, Inc.
The Company's first quarter 2009 revenue grew 110% to $4.45 million from
$2.12 million during the same period last year. Net income during the quarter
grew 86.5% to $1.79 million, or $0.09 EPS (20.4 million fully diluted shares).
This compares to net income of $0.96 million, or $0.07 EPS (13.3 million fully
diluted shares) per diluted share, for Q1 2008.
SOKO Fitness and Spa Group continued its growth during the quarter with
openings of its Shenyang Letian Yoga Center, which at 73,200 sq. ft. is the
largest yoga club in Asia, and the 7,000 sq. ft. Harbin TaiAi Lea Spa located
in the five-star Sofitel Hotel, and Harbin SOKO spa which is next to the
Company's SOKO fitness center. The Company also relocated its Kunlun Spa to a
larger facility (14,000 sq.