Call your brokers... that's what I did. Still not clear, but it seems like they might take care of it so that I get credited automatically.

Does anyone know if we have to fill out a special form or will our accounts be credited automatically?

I really liked this stock as it seemed low fraud-risk legit due to verifiable locations ... although I'm making some profit, this buyout is bad news for the sector IMO as we need serious upside to compensate for the fraud risk! This could have been at least a triple...

Going private and relisting on the HK stock exchange... where they'll get a better valuation.

SOKF.. A real company from China..

SOKO Fitness & Spa Group Went Private as a Result of a Short-form Merger by a Consortium of its Existing Shareholders

PR Newswire - Jul 27 16:05 EDT

Alert hits:all
Company Symbols: Stuttgart:3SK, NASDAQ-OTCBB:SOKF


HARBIN, China, July 27, 2011 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC BB: SOKF) ("SOKO"), an operator of fitness centers, beauty salons and spas in Northeast China, Beijing, Zhengzhou and Hangzhou today announced that it was informed by Tong Liu, its Chairman and Chief Executive Officer, Xia Yu, its Chief Financial Officer, Bingrong Wu, its Vice President, Chunying Liu, its Director of Operating, Lei Jiang, its Director of Marketing, Guozhe Li, its Director of Investment and Development, Qinyue Sun, Su Liu, Xiangjin Yin, Guerrilla Partners, L.P., Hua-Mei 21st Century Partners, LP, IDG-ACCEL China Growth Fund II L.P., IDG-ACCEL China Investors II L.P., China Golden Leaf Equity Fund SPC, Golden Year Holdings Limited ("Golden Year") and Lucky Eagle Limited (collectively, the "Contributing Stockholders") that, pursuant to a contribution and subscription agreement (the "Contribution Agreement"), dated July 25, 2011, among the Contributing Stockholders, Queen Beauty and Wellness Group Limited ("Queen Beauty"), SOKO Acquisition Corporation, a Delaware corporation and wholly owned subsidiary of Queen Beauty ("Merger Sub"), China Consumer Capital Fund ("CCC") and Mousserena, L.P. ("Mousse'), on July 27, 2011 (i) the Contributing Stockholders contributed their 90.79% of the shares of common stock, $0.001 par value per share, of SOKO (the "Common Stock") to Queen Beauty in exchange for 10,819,999 ordinary shares and 9,488,945 preferred shares of Queen Beauty, (ii) CCC, Golden Year and Mousse contributed an aggregate $9,999,994.50 in cash in exchange for 2,222,221 preferred shares of Queen Beauty and (iii) Queen Beauty contributed all of the shares of Common Stock contributed to it by the Contributing Stockholders to Merger Sub in exchange for one (1) share of common stock of Merger Sub.

As a result of these transactions, on July 27, 2011 Merger Sub acquired 90.79% of the total issued and outstanding shares of Common Stock of SOKO and completed a "short-form" merger with SOKO continuing as the surviving corporation pursuant to Section 253 of the General Corporation Law of the State of Delaware. As a result of the merger, SOKO became a wholly owned subsidiary of Queen Beauty, quotation of the Common Stock on the OTC Bulletin Board ceased and SOKO filed a Form 15 with the Securities and Exchange Commission to terminate its reporting obligations as a public company under the U.S. securities laws on July 27, 2011. Existing stockholders of the Common Stock will be notified by mail of the cancellation of their shares and their right to receive $4.50 in cash per share upon the submission of their stock certificates in accordance with proper procedures.

About SOKO Fitness & Spa Group, Inc.

SOKO Fitness & Spa Group, Inc., an OTCBB listed company (SOKF), is an operator of fitness centers and beauty salons and spas in key cities in Northeastern China as well as in Beijing, Zhengzhou and Hangzhou. SOKO provides programs, services, and products 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.

Cautionary Note Regarding Forward Looking Statements

This press release and the statements of representatives of SOKO Fitness & Spa Group, Inc. ("SOKO") related thereto contain, or may contain, statements that are not historical facts and are therefore "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to SOKO's plans, objectives, projections, beliefs, expectations and intentions and other statements identified by words such as "guidance," "projects," "may," "could," "would," "should," "believe," "expect," "anticipate," "estimate," "intend," "plan," or similar expressions. These statements are based upon the current beliefs and expectations of SOKO's management and are subject to significant risks and uncertainties, including those detailed in SOKO's filings with the Securities and Exchange Commission. Actual results, including, without limitation, future financial results and results regarding SOKO's expansion strategies, service offerings, client, membership and customer figures, proposed new center openings and prospects and strategies for growth, may differ significantly from those set forth in the forward-looking statements. These forward -looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond SOKO's control). SOKO does not undertake any obligation to update any forward- looking statement, except as required under applicable law.

Contacts:





SOKO Fitness & Spa Group, Inc.
SOKO Fitness & Spa Group, Inc.

Shawn Qu
Judy Jiang

Tel: (908) 208-8681
Tel: +86(451) 8770 2280

Email: shawnqu@sokofitness.com
Email: judyjiang@sokofitness.com





SOURCE Soko Fitness & Spa Group, Inc.

==============================================================

10 bagger Share Thursday, August 13, 2009 12:16:30 PM
Re: None Post # of 135403

SOKF.. $2.50

This is thin.. To be fair,, I am long 4,248 @ $1.9071 and I can't buy any more on the cheap.. Some one put in an order yesterday and paid as high as $4.00 on a thousand shares.. I sold 200 at $2.50.. I think SOKF is a longterm Bobwin's mold collector.. hank

SOKO Fitness & Spa Group Announces Third Quarter FY2009 Financial Results
Revenue up 42%, Net Income up 29%


HARBIN, China, April 15 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board: SOKF - News), a leading operator of fitness clubs and spas in Northern China, announced its operating results for the fiscal third quarter ended February 28, 2009.

Total revenue for the quarter was $5.1 million, an increase of 42% over the same quarter in the previous year. For the nine months ended February 28, 2009, revenues were $14 million, an increase of 55% from the prior year. SOKO also reaffirmed its previous FY2009 revenue guidance in a range of $16.3 to $18.3 million and its pro forma net income guidance of $6.5 to $7.1 million.

Net income during the quarter grew 29% to $1.85 million from $1.43 million for the same quarter of 2008. For the nine months ended February 28, 2009, net income increased to $5.2 million, an increase of 49%. Third quarter Earnings per share were $0.11 vs. $0.13 in the prior period. The decline was caused by the dilution from the stock offering. EPS for the 9 months were $0.30 vs. $0.32 in the previous year. Higher earnings were offset by a higher share count.

Revenue growth was driven primarily by the opening of two spas during the period. We increased product sales in our spas. Fitness and yoga membership fee revenues increased by 135% year to year, mainly as a result of the acquisition of a majority interest in Letian in March 2008. Letian contributed about 52% to our fitness revenue for Q3 FY2009.

Operating margin increased to 64.6%, compared to 62.5%. The increase in our gross profit margin was mainly driven by our ability to obtain high volume discounts because of our larger size as well as by the increases in our fitness segment.

Operating expenses increased by approximately $0.6 million to $1.4 million for the three months ended February 28, 2009 year to year. As a percentage of revenues, expenses increased to 28.2% from 22.6%. This increase was mainly driven by the high cost of being a public company as well as the start-up costs for building management teams for our new facilities.

We have reclassified some direct labor costs from operating expenses to cost of sales. The impact of this change is to lower gross margins and lower operating expenses/sales. The reclassification has no impact on either sales or net income. The numbers below for both 2008 and 2009 reflect the impact of the reclassification and are comparable with each other.

"We are very pleased with the results of our business," Mr. Liu Tong, Chairman of SOkO commented. "We focus our business on Northeast, which is the most famous traditional industry base of China, and expect to open more spas and fitness centers in the future. We believe we have significant opportunities for expansion, and look forward to becoming the dominant company in the fitness and beauty business in the northeast."





=======================================================
10 bagger Share Thursday, August 13, 2009 12:16:30 PM
Re: None Post # of 135403

SOKF.. $2.50

This is thin.. To be fair,, I am long 4,248 @ $1.9071 and I can't buy any more on the cheap.. Some one put in an order yesterday and paid as high as $4.00 on a thousand shares.. I sold 200 at $2.50.. I think SOKF is a longterm Bobwin's mold collector.. hank

SOKO Fitness & Spa Group Announces Third Quarter FY2009 Financial Results
Revenue up 42%, Net Income up 29%


HARBIN, China, April 15 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board: SOKF - News), a leading operator of fitness clubs and spas in Northern China, announced its operating results for the fiscal third quarter ended February 28, 2009.

Total revenue for the quarter was $5.1 million, an increase of 42% over the same quarter in the previous year. For the nine months ended February 28, 2009, revenues were $14 million, an increase of 55% from the prior year. SOKO also reaffirmed its previous FY2009 revenue guidance in a range of $16.3 to $18.3 million and its pro forma net income guidance of $6.5 to $7.1 million.

Net income during the quarter grew 29% to $1.85 million from $1.43 million for the same quarter of 2008. For the nine months ended February 28, 2009, net income increased to $5.2 million, an increase of 49%. Third quarter Earnings per share were $0.11 vs. $0.13 in the prior period. The decline was caused by the dilution from the stock offering. EPS for the 9 months were $0.30 vs. $0.32 in the previous year. Higher earnings were offset by a higher share count.

Revenue growth was driven primarily by the opening of two spas during the period. We increased product sales in our spas. Fitness and yoga membership fee revenues increased by 135% year to year, mainly as a result of the acquisition of a majority interest in Letian in March 2008. Letian contributed about 52% to our fitness revenue for Q3 FY2009.

Operating margin increased to 64.6%, compared to 62.5%. The increase in our gross profit margin was mainly driven by our ability to obtain high volume discounts because of our larger size as well as by the increases in our fitness segment.

Operating expenses increased by approximately $0.6 million to $1.4 million for the three months ended February 28, 2009 year to year. As a percentage of revenues, expenses increased to 28.2% from 22.6%. This increase was mainly driven by the high cost of being a public company as well as the start-up costs for building management teams for our new facilities.

We have reclassified some direct labor costs from operating expenses to cost of sales. The impact of this change is to lower gross margins and lower operating expenses/sales. The reclassification has no impact on either sales or net income. The numbers below for both 2008 and 2009 reflect the impact of the reclassification and are comparable with each other.

"We are very pleased with the results of our business," Mr. Liu Tong, Chairman of SOkO commented. "We focus our business on Northeast, which is the most famous traditional industry base of China, and expect to open more spas and fitness centers in the future. We believe we have significant opportunities for expansion, and look forward to becoming the dominant company in the fitness and beauty business in the northeast."

Just visited their Hangzhou facilities a couple weeks ago, and it obviously is.

But I thought you were done with this company Hank. Change of mind or just visiting?

SOKF.. $3.90 Is this a real company from China.. I think so..hank

SOKO Fitness & Spa Group Reports Third Quarter Fiscal 2011 Financial Results

PR Newswire - Apr 14 at 06:00

Company Symbols: NASDAQ-OTCBB:SOKF

Net Income Increases 11% Year-over-year to $3.0 Million, or $0.14 EPS, on Record Quarterly Revenue of $10.3 Million; Cash Flow From Operating Activities Increases 95% to $20.0 Million for the First Nine Months of Fiscal 2011


HARBIN, China, April 14, 2011 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC BB: SOKF) ("SOKO"), an operator of fitness centers and beauty salons and spas in China, today announced its financial results for the third quarter and first nine months of fiscal 2011, ended February 28, 2011.

Third Quarter Financial Highlights:

-- Revenue totaled $10.3 million, an increase of 27% over $8.1 in the third
quarter of fiscal 2010.
-- Gross profit increased 21% to $7.0 million, compared with $5.8 million,
in the same period a year ago. Gross margin was 68.2% for the third
quarter of fiscal 2011, compared with 71.6 % for the third quarter of
fiscal 2010, and 67.6% for the second quarter of fiscal 2011.
-- Net income attributable to SOKO improved 11% year-over-year to $3.0
million, or $0.14 per diluted share based on diluted shares outstanding
of 22.0 million shares, compared with $2.7 million, or $0.15 per diluted
share based on diluted shares outstanding of 18.2 million shares in the
same period a year ago.
-- SOKO increased total fitness club members 27% year-over-year and 0.3%
sequentially to approximately 23,000 and beauty salon and spa clients
28% year-over-year and 7% sequentially to approximately 27,100.
-- Cash and cash equivalents was $15.7 million as of February 28, 2011, an
increase of $0.7 million over November 30, 2010. The sequential increase
in cash and cash equivalents was related to increased operating cash
flow.
-- Record deferred revenue of $18.9 million as of February 28, 2011.
-- SOKO has affirmed its expected revenue range of $39-$42 million for
fiscal 2011, ending May 31, 2011. This represents an increase of
approximately 30–40% compared with fiscal 2010.




Third Quarter and Recent Business Highlights:

-- Added eight new facilities in the third quarter of fiscal 2011 and 12
facilities year-to-date. Expansion remains on-track to add up to 16 new
facilities in fiscal 2011 through new construction, acquisition or
operation under management agreements.
-- Entered new strategic markets in Eastern and Central China through the
opening of two beauty salons and two fitness centers in Hangzhou,
Zhejiang Province, as well as a yoga center in Zhengzhou, Henan
Province.
-- Expanded operations in Northeastern China through the opening of two
beauty salons and one fitness center in Harbin and Shenyang




"This was another record quarter for SOKO as we continued to execute on our business plan, growing our top and bottom-line, expanding our geographic footprint and generating increased cash from operations," said Tong Liu, Chief Executive Officer of SOKO. "We delivered robust growth across our fitness and aesthetic businesses in each of our core geographic markets and achieved meaningful growth in our member and client base, with total spa and salon clients at the end of the third quarter exceeding our goal for the full year, supported by growth in both our newly-opened and more mature facilities. While actively signing new members and clients, we have been able to maintain high retention rates, which contributed to a record backlog of $18.9 million at the end of the third quarter."

"Our continued geographic expansion and our emerging position as a national brand in China's growing market for luxury fitness and aesthetic services remains a top focus of our company, and we are making excellent progress against these goals. With the addition of eight new facilities to our portfolio in the third quarter, we have further solidified our presence in our core Harbin and Shenyang markets in Northeastern China, as well as expanded into strategic markets in Eastern and Central China. Through our ongoing expansion efforts, combined with the maturation of our existing facilities, we believe we can capitalize on the continued growth of China's middle class and desire of our target customers and clients to improve their standard of living. Through this, we believe we will be able to continue driving revenues, earnings and shareholder value," Mr. Liu concluded.

SOKO currently operates 32 facilities in China, including 17 beauty salons and spas, one non-surgical medical beauty center, 13 fitness centers and yoga studios and one beauty school. 21 of these facilities are wholly owned, six are majority owned, and five are minority owned, and operated by SOKO under a management agreement. Of these facilities, 16 were in their first year of operation, four were in their second year, four were in their third year, and eight had reached maturity, at more than three years old.

Third Fiscal Quarter Financial Summary

Total revenue for the three months ended February 28, 2011 was $10.3 million, an increase of 27%, compared with revenue of $8.1 million for the three months ended February 28, 2010. The increase in revenue was primarily attributable to increased sales from existing members and clients, sales of add-on services to members and clients and SOKO's continued efforts to add members and clients at both new and existing facilities.

During the three months ended February 28, 2011, spa and beauty services and products, including beauty school tuition, accounted for 83.0% of revenue, with fitness centers accounting for 17.0% of revenue for the quarter. SOKO expects its revenue mix to remain relatively stable in future periods.

Gross profit for the three months ended February 28, 2011 was $7.0 million, compared with $5.8 million for the three months ended February 28, 2010. The increase in gross profit was mainly attributable to an increase in the number of SOKO-operated facilities, growth in the number of members and clients at SOKO's existing facilities and the introduction of value added products and services. Overall gross profit margin was 68.2% for the three months ended February 28, 2011, compared with 71.6% in the year-ago period. The year-over-year decline in gross margin was primarily related to an increase in overall cost of sales related to pre-opening expenses incurred during the quarter.

Selling, general and administrative expenses for the three months ended February 28, 2011 was $4.0 million, compared with $3.1 million for the three months ended February 28, 2010. The increase in SG&A expense was mainly attributable to the increase in the expense associated with the opening of new facilities. Since the third quarter of fiscal 2010, SOKO has added a total of 15 facilities to its portfolio of owned and operated fitness centers, spas and salons, including eight during the third quarter of fiscal 2011. SOKO expects that its SG&A will continue to fluctuate from quarter to quarter, based on the level of facility opening and construction activity.

Net income attributable to SOKO Fitness & Spa Group, Inc. for three months ended February 28, 2011 increased 11% year-over-year to $3.0 million, compared with $2.7 million in the third quarter of fiscal 2010. Diluted earnings per share was $0.14, based on 21.7 million weighted average diluted shares outstanding, compared with $0.15 per diluted share, based on 18.2 million weighted average diluted shares outstanding, for the same period a year ago. The increase in net income for the third quarter of fiscal 2011 was mainly attributable to the aforementioned 27% revenue growth, partially offset by the increases in amortization of leasehold improvement, rental expenses for new facilities and expenses relating to opening new facilities.

As of February 28, 2011, SOKO had cash and cash equivalents of $15.7 million compared with $18.1 million on May 31, 2010 and $15.0 million on November 30, 2010. The sequential-quarter increase in cash and cash equivalents was related to cash flow from operations.

Fiscal 2011 Guidance:

SOKO is affirming its gross revenue guidance for fiscal year 2011, ending May 31, 2011. Revenue for the fiscal year is expected to range from $39 million to $42 million, which if achieved, would represent year-over-year growth of approximately 30-40%. SOKO expects its revenue growth to be driven by a combination of new facility openings, an increase in the number of members and clients at its existing fitness and spa facilities and an increase in average revenue per customer.

During the fourth quarter of fiscal 2011, SOKO plans to add four new facilities to its portfolio through a combination of new construction, majority acquisition and the establishment of management agreements at minority-owned facilities, bringing the total number of new facilities added in fiscal 2011 to 16. SOKO expects that capital expenditures associated with these facilities will be fully funded from cash on hand and operating cash flow.

Mr. Liu added, "We believe we have built a strong foundation upon which to continue building our business throughout China. Consistent with our past practice, we plan to continue our expansion focus on strategically targeted, economically stable tier-two markets in which we can build market share and quickly establish brand equity. The execution of our growth strategy is proceeding according to plan, with 12 new facilities opened during the first nine months of fiscal 2011, and another 4 under construction or engaged in pre-opening activities. In the fourth quarter and into our fiscal 2012, we will continue to target new strategic markets and identify ways to extend our demographic and geographic footprint, increase our customer base, capture market share and continue to grow our business."

Conference Call

SOKO will host a conference call for interested investors and analysts to discuss its financial results for the period on Thursday, April 14, 2011, at 8:00 a.m. Eastern time. To participate in the conference call, please dial 1-877-941-8416 from the U.S. and Canada, or 1-480-629-9808 for international callers.

An audio replay will also be available approximately one hour after the conclusion of the call and will be made available through April 28, 2011. The audio replay can be accessed by dialing 1-800-406-7325 from the U.S or Canada, or 1-303-590-3030 internationally, and entering access ID Number 4432095.

About SOKO Fitness & Spa Group, Inc.

SOKO Fitness & Spa Group, Inc., an OTCBB listed company (SOKF), is an operator of fitness centers and beauty salons and spas in key cities in China. SOKO provides programs, services, and products 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.

To be added to SOKO's email distribution for future news releases, please send your request to soko@tpg-ir.com.

Cautionary Note Regarding Forward Looking Statements

This press release and the statements of representatives of SOKO Fitness & Spa Group, Inc. (the "Company") related thereto contain, or may contain, statements that are not historical facts and are therefore "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company's plans, objectives, projections, beliefs, expectations and intentions and other statements identified by words such as "guidance," "projects," "may," "could," "would," "should," "believe," "expect," "anticipate," "estimate," "intend," "plan," or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. Actual results, including, without limitation, future financial results and results regarding the Company's expansion strategies, service offerings, client, membership and customer figures, proposed new center openings and prospects and strategies for growth, may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). The Company does not undertake any obligation to update any forward- looking statement, except as required under applicable law.


Contacts:

The Piacente Group, Inc.

Investor Relations

Brandi Floberg or Lee Roth

(212) 481-2050

soko@tpg-ir.com



SOKO Fitness & Spa Group, Inc. SOKO Fitness & Spa Group, Inc.

Shawn Qu Judy Jiang

Tel: (908) 208-8681 Tel: +86(451) 8770 2280

Email: shawnqu@sokofitness.com Email: judyjiang@sokofitness.com








SOKO FITNESS & SPA GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(IN US DOLLARS)

(UNAUDITED)



February28,2011 May 31, 2010

ASSETS

Current Assets

Cash $ 15,673,158 $ 18,104,218

Accounts receivables, net 184,942 911,523

Inventories, net 1,307,723 1,099,208

Advance to suppliers 8,924,621 6,302,976

Other receivables 515,806 437,196

Loan to others 151,974 146,270

Refundable investment deposits 3,191,917 -

Prepaid expense 203,155 127,365

Total Current Assets 30,153,296 27,128,756



Building facilities and equipment, net 43,880,300 24,116,400

Advanced payment for construction in
progress 1,948,524 -

Security deposits 462,128 75,412

Deferred rent 642,945 897,032

Goodwill 4,341,300 4,178,365

Intangible assets, net 1,330,372 1,739,107



Total Assets $ 82,758,865 $ 58,135,072



LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities

Short term loans $ 3,804,226 $ 2,196,869

Accounts payable, accrued expenses and
other payables 1,963,180 1,707,381

Deferred revenue 18,856,864 9,344,088

Taxes payable 138,260 144,598



Long-term Liabilities

Long-term loan 1,521,690 -



Total Liabilities $ 26,284,220 $ 13,392,936



Shareholders' Equity

Preferred Stock, $0.001 par value;
10,000,000 -

Common stock, $0.001 par value; 500,000,000
shares
authorized, 20,459,677 and 20,213,889
shares issued and
outstanding at February 28, 2011 and May
31, 2010,
respectively. 20,460 20,214

Additional paid in capital 13,046,555 12,604,619

Warrants 639,253 639,253

Accumulated other comprehensive income 3,772,682 1,913,924

Retained earnings 38,969,695 29,655,804

Total SOKO Fitness & Spa Group, Inc.
Shareholders' Equity 56,448,645 44,833,814

Non-controlling interest 26,000 (91,678)

Total Equity 56,474,645 44,742,136

Total Liabilities and Equity $ 82,758,865 $ 58,135,072











SOKO FITNESS & SPA GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(IN US DOLLARS)

(UNAUDITED)

FortheThreeMonthsEnded FortheNineMonthsEnded
February28, February28,

2011 2010 2011 2010



Net Sales $ 10,282,781 $ 8,087,602 $ 29,245,410 $ 21,931,285

Cost of Sales (3,264,885) (2,293,963) (9,547,417) (6,745,707)

Gross profit 7,017,896 5,793,639 19,697,993 15,185,578



Selling,
General and
Administrative
Expenses: 4,041,561 3,107,666 10,548,698 7,007,425

Operating
Income 2,976,335 2,685,973 9,149,295 8,178,153



Other income
(expense):

Bank charges (5,186) (1,807) (16,194) (11,789)

Interest income 5,514 1,347 9,419 4,061

Interest
expense (72,220) 83 (145,922) (33,560)

Foreign
exchange
gain/loss (12,020) (22) (33,100) -

Other income 70,508 41,066 479,243 79,755

Total other
income(expense) (13,404) 40,667 293,446 38,467



Income before
income tax 2,962,931 2,726,640 9,442,741 8,216,620

Provision for
Income Tax 13,175 14,337 31,832 62,241



Net income 2,949,756 2,712,303 9,410,909 8,154,379

Less: net
(loss) income
attributable to
non-controlling
interest (78,498) 6,234 97,018 (155,916)

Net Income
Attributable to
SOKO Fitness &
Spa Group, Inc. 3,028,254 2,706,069 9,313,891 8,310,295



Other
comprehensive
income (loss)
Foreign
currency
translation
adjustments

Attributable to
SOKO Fitness &
Spa Group, Inc 778,951 3,073 1,858,758 7,767

Attributable to
non-controlling
interest (1,456) (28) (1,708) (91)



Comprehensive
income (loss)

Attributable to
SOKO Fitness &
Spa Group, Inc $ 3,807,205 $ 2,709,142 $ 11,172,651 $ 8,318,062

Attributable to
non-controlling
interest $ (79,954) $ 6,206 $ 95,310 $ (156,007)



Basic and
Diluted Income
per common
share

Basic $ 0.15 $ 0.16 $ 0.46 $ 0.49

Diluted $ 0.14 $ 0.15 $ 0.43 $ 0.45



Weighted average common shares outstanding

Basic 20,459,677 17,000,000 20,330,815 17,000,000

Diluted 21,963,081 18,168,443 21,834,220 18,467,236










SOKO FITNESS & SPA GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(IN US DOLLARS)

(UNAUDITED)

For the Nine Months Ended February 28,

2011 2010



Cash flows from operating
activities:

Net Income $ 9,410,909 $ 8,154,379



Adjustments to reconcile net income
to net cash used in operating
activities

Stock based compensation 192,181 22,979

Depreciation 2,416,593 1,767,079

Amortization 607,918 197,860

Changes in current assets and
liabilities

Restricted cash - 7,232

Accounts receivable, net 726,581 (729,532)

Inventories, net (208,515) (86,004)

Advance to suppliers (2,621,645) (1,903,830)

Other receivables (84,314) (453,958)

Prepaid expense (75,790) 90,856

Security deposits (386,716) (207,666)

Deferred rent 254,087 (236,003)

Accounts payable, accrued expenses
and other payables 255,799 403,813

Deferred revenue 9,512,776 3,443,182

Taxes payable (6,338) (219,259)

Net cash provided by operating
activities 19,993,526 10,251,128



Cash flows from investing
activities:

Purchase of software (140,367) -

Investment payment - (1,486,647)

Refundable investment deposits (3,191,917) -

Purchase of building facilities and
equipment

and advanced payment for
construction in progress (22,832,929) (6,048,978)

Cash acquired from acquisition - 208,116

Net cash used in investing
activities (26,165,213) (7,327,509)



Cash flows from financing
activities:

Capital contribution from minority
shareholder 21,946 -

Proceeds from warrants exercise 250,000 -

Proceeds from short term loans 3,732,374 3,660,609

Proceeds from long-term loans 1,492,949 -

Repayment of short term loans (2,239,424) (3,660,609)

Net cash provided by financing
activities 3,257,845 -



Effect of exchange rate changes on
cash and cash equivalents 482,782 2,233

Net (decrease) increase in cash (2,431,060) 2,925,852



Cash - beginning balance 18,104,218 1,907,640



Cash - ending balance $ 15,673,158 $ 4,833,492



Supplemental disclosure of cash flow
information

Interest paid $ 145,922 $ 31,564

Income taxes paid $ 38,387 $ 22,753









SOURCE Soko Fitness & Spa Group, Inc.

Yes, good growth and judging from the conference call they have solid plans for expansion in cities where they have a foothold as well as new cities.

I just wish they could keep their costs down more, but they are maintaining their 30-35% profit margin, which is impressive.

nice results...good growth. I like what I'm seeing.

SOKO Fitness & Spa Group Reports Second Quarter Fiscal 2011 Financial Results
14.01.2011 12:01

Achieves Record Quarterly Revenue and Net Income of $9.8 Million and $3.3 Million, Respectively Company Narrows Fiscal 2011 Revenue Guidance to $39-$42 Million, or 30-40% YoY Growth

HARBIN, China, Jan. 14, 2011 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness&Spa Group, Inc. (BULLETIN BOARD: SOKF) ("SOKO"), an operator of fitness centers and beauty salons and spas in Northeast China as well as Beijing, today announced its financial results for the second quarter and first six months of fiscal 2011, ended November 30, 2010.

Second Quarter Financial Highlights:
-- Revenue totaled $9.8 million, an increase of 32% over $7.4 million year-over-year.
-- Gross profit increased 29% to $6.6 million, compared with $5.2 million, in the same period a year ago. Gross margin was 67.6% for the second quarter of fiscal 2011, compared with 69.5% for the second quarter of fiscal 2010, and 66.1% for the first quarter of fiscal 2011. The decline in gross margin was related to increased promotional activity in the second quarter of fiscal 2010, which contributed to increased sales of higher-margin services.
-- Net income attributable to SOKO improved by 2% year-over-year to $3.3 million, or $0.15 per diluted share, compared with $3.2 million, or $0.17 per diluted share in the same period a year ago. Net income for the second quarter of fiscal 2010 included the abovementioned increase in sales of higher-margin services.
-- SOKO increased total fitness club members 54% year-over-year and 11% sequentially to approximately 22,900 and beauty salon and spa clients 27% year-over-year and 11% sequentially to approximately 25,320.
-- Cash and cash equivalents was $15.0 million as of November 30, 2010, a decrease of $9.5 million over August 31, 2010. The sequential decrease in cash and cash equivalents was related to increased investment in new facility openings, consistent with SOKO's growth strategy.
-- SOKO has narrowed its expected revenue range to $39-$42 million for fiscal 2011, ending May 31, 2011. This represents an increase of approximately 30-40% compared with fiscal 2010. Second Quarter and Recent Business Highlights:
-- Expanded presence in Northeastern China and Beijing through the opening of four new facilities, including its first facility operated under a management agreement in the new market of Dalian, Liaoning Province.
-- Continued aggressive expansion initiatives, with nine facilities under construction or engaged in pre-opening activities; SOKO remains on-track to add up to 16 new facilities in fiscal 2011 through new construction, acquisition or operation under management agreements.

"We achieved record quarterly sales and net income based on the strength of our offering and the successful and continued implementation of our growth strategy to increase our member and client base, as well as our aggressive facility opening efforts," said Tong Liu, Chief Executive Officer of SOKO. "In addition to our new members, clients and centers, our renewal rates remain strong due to the high level of service we provide our customers. We continue to invest in the growth of our business through ongoing expansion in our traditional markets of Harbin and Shenyang, while taking steps to establish SOKO's presence in new strategic markets where we believe we can quickly build our brand and develop profitable facilities. In conjunction with the opening of new facilities, which we believe will give us exposure to a growing base of potential customers, we are constantly working to improve the level of service we provide to fitness center members and spa and salon clients."

"In addition to growing SOKO's presence in our core markets and expanding our geographic footprint with entry into Dalian, we extended our business model through the initiation of our first facility management agreement for our fitness center in Dalian. Under this agreement, we will operate the minority-owned facility and receive a percentage of the center's pre-tax sales, maintaining an option to acquire full ownership after two years of operation. We believe this approach will provide us with an effective, lower-risk way to enter new markets as it grants us the ability to acquire complete control of a facility without incurring the significant upfront capital costs typically associated with the launch of a new fitness center, spa or salon. Of our 16 new facilities planned for fiscal 2011, we expect that at least five will operate under this new model."

[...]

The uplisting will come sooner or later. As management said on a previous earnings call, they submitted their NASDAQ application back in the fall.

more on SOKO's first analyst coverage from http://www.streetinsider.com/New+Coverage/Global+Hunter+Securities+Starts+SOKO+Fitness+%26+Spa+Group+%28SOKF%29+at+Buy/6191813.html :

Global Hunter Securities Starts SOKO Fitness & Spa Group (SOKF) at Buy
Click here to find out more!
More News related to SOKF

* Global Hunter Securities Starts SOKO Fitness & Spa Group (SOKF) at Buy
* SOKO Fitness & Spa Group Expands Presence in Core Market with Three New Facilities Under Operation

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* Standpoint Research Starts hhgregg (HGG) at Buy, Sees 45% Upside

More News related to New Coverage
January 4, 2011 10:46 AM EST

Global Hunter Securities initiates coverage on SOKO Fitness & Spa Group (OTC: SOKF) with a Buy. PT $7.

Global analyst says, "SOKF is a leading fitness and spa business in northeast China. It operates nine fitness centers, 14 beauty salon & spas, and one beauty school to serve approximately 24,000 fitness members and 25,000 spa customers. The unique business model includes cross-selling fitness and spa services and primarily targeting mid- to high-end consumers. During the last three years, the company has grown revenue at a CAGR of 59% while maintaining high profitability with 64%-69% in gross margins and 33%-36% in net margins. With strong cash flow and a healthy balance sheet, the company plans to open 16 facilities in FY11 and 20-25 facilities in FY12 with a goal of operating 85-90 facilities by FY13. We like the market potential of the sector and SOKF’s consistent strong execution."

For more ratings news on SOKO Fitness & Spa Group click here and for the rating history of SOKO Fitness & Spa Group click here.

Shares of SOKO Fitness & Spa Group closed at $4.25 yesterday, with a 52 week range of $2.15-$4.94.

Still waiting on that "higher exchange" listing. I hope it comes. I've been holding out a long time for the chance of this happening.

Edit: this is not a recommendation to buy or sell this stock

Good Luck,
03

http://www.theflyonthewall.com/permalinks/entry.php/SOKFid1352679/SOKF-SOKO-Fitness--Spa-initiated-with-a-Buy-at-Global-Hunter-preopen

"SOKO Fitness & Spa initiated with a Buy at Global Hunter (pre-open)
Target $7."

bleh.. nothing we didn't know about a year ago.

Lots of insider buying by IDG. They are the institutional shareholders that bought a 10% stake in March. Sounds like SOKO didn't want to sell them more than 10% (a good sign), so they have been buying over the last several months on the open market.

IDG are the guys who backed Baidu and CTrip. They have an observer on SOKO's board, so they probably have very good information.

IDG featured SOKO on their website several months ago when they bought their initial stake, but removed them shortly after. I wondered why at the time. Perhaps I now understand - they did not want to promote the company while still buying on the open market.


See
Form 4 SEC Filings showing IDG buys

1 week ago, there was a day with 0 volume, and today's volume is over a quarter million?!? What's up with that?

SOKF.. This will be my last post on SOKF.. I wish all the best and as I have sold the rest of my shares today I see no reason to Mod. this board any longer.. I bought my first position well below $2.00 and have made a good profit on my position.. I feel even the current growth in SOKF will no be enough to show the same earnings per share groth as in the past due to continued dilution of shares and that ids my reason for selling the intire position.. GLTA.. At present I only hold 2 sizable positions in stocks from China.. HFGB and CHHE.. hank

SOKF.. $4.11 ..Reports First Quarter

SOKO Fitness & Spa Group Reports First Quarter Fiscal 2011 Financial Results

PR Newswire - Oct 13 at 06:00

Company Symbols: NASDAQ-OTCBB:SOKF

Achieves Record Quarterly Revenue and Net Income of $9.1 Million and $3.1 Million, Respectively
Company Offers Preliminary Fiscal 2011 Revenue Guidance of $38-$42 Million


HARBIN, China, Oct. 13 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board: SOKF) ("SOKO"), an operator of fitness centers and beauty salons and spas in Northeast China as well as suburban Beijing, today announced its financial results for the first quarter of fiscal 2011, ended August 31, 2010.

First Quarter Financial Highlights:
-- Revenue totaled $9.1 million, an increase of 42% over $6.4 million in
the same period a year ago.
-- Gross profit increased 42% to $6.0 million, compared with $4.2 million,
in the same period a year ago. Gross margin was 66% for the first
quarter of both fiscal 2011 and 2010.
-- Operating income improved by 25% year-over-year to $2.9 million,
compared with operating income of $2.3 million in the same period a
year ago.
-- Net income (after including other income and expense) improved by 35%
year-over-year to $3.1 million, or $0.14 per diluted share, compared
with $2.3 million, or $0.13 per diluted share in the same period a year
ago.
-- Increased total fitness club members 40% year-over-year and 13%
sequentially to approximately 20,500, and beauty salon and spa clients
16% year-over-year and 7% sequentially to approximately 22,700.
-- Cash and cash equivalents of $24.5 million as of August 31, 2010, an
increase of $6.4 million over May 31, 2010.
-- Introduces preliminary guidance for fiscal 2011 ending May 31, 2011.
Company expects revenue of $38-$42 million, an increase of
approximately 27-40% over fiscal 2010.

First Quarter and Recent Business Highlights:

-- Appointed Mr. Colin Sung as an independent director and Chairman of the
Company&;s Audit Committee.
-- Expanded Yoga Wave Brand with the opening of the Company&;s first Yoga
facility in Beijing, located in Westin&;s five-star Chaoyang Hotel.
-- Expanded the Company&;s education offerings, in conjunction with Bin
Xian vocational technology and education center, for beauty training
and education programs.


"We achieved strong results during the first quarter of fiscal 2011, with record top and bottom line growth reflecting the ongoing implementation of our expansion strategy," said Tong Liu, Chief Executive Officer of SOKO. "While our focus remains on our core markets in Northeastern China, positive results from our initial expansion efforts in Beijing have given us confidence that we can effectively replicate our business model in new markets in China. Another area that we believe presents significant growth potential is the luxury hotel market, and in an effort to capitalize on this opportunity, we opened our second hotel-based facility and first yoga center in Beijing, located in Westin&;s Chaoyang Hotel. Initial customer reaction to Yoga Wave Westin has been positive and we look forward to ramping up this facility in a manner consistent with our other fitness and yoga centers."

"In addition to the progress we have made with our fitness and spa businesses, we recently made progress in advancing our training and education capabilities through the formation of a cooperation agreement with Bin Xian Vocational Technology and Education Center in suburban Harbin. We believe this relationship will augment our education and training capabilities and will serve as an important tool through which to recruit new employees for our fitness and beauty centers," continued Mr. Liu.

Mr. Liu added, "We have also taken steps to strengthen our corporate governance and internal controls, which will be an important element of our continued growth. I would like to congratulate Mr. Colin Sung on his appointment as both an independent director and Audit Committee Chairman. Colin brings to us a wealth of experience in governance and accounting practices, as well as deep financial and operational expertise, and we look forward to his contributions as a member of our Board."

First Fiscal Quarter Financial Summary

Total revenue for the three months ended August 31, 2010 was $9.1 million, an increase of 42%, compared with revenue of $6.4 million for the three months ended August 31, 2009. The increase in revenue was primarily attributable to an increase the number of fitness center members and spa and salon clients, as well as increased revenue per fitness center member and spa and salon client.

During the three months ended August 31, 2010, spa and beauty services and products, including beauty school tuition, accounted for 79% of revenue, with fitness centers accounting for 21% of revenue for the quarter.

Gross profit for the three months ended August 31, 2010 was $6.0 million, compared with $4.2 million for the three months ended August 31, 2009. The increase was primarily attributable to the expansion of facilities, an increase in the number of clients and members in existing facilities and the addition of new services. Gross margin was flat at 66% compared with the same period a year ago.

Selling, general and administrative expenses for the three months ended August 31, 2010 was $3.1 million, compared with $1.9 million for the three months ended August 31, 2009. The increase in SG&A expense was primarily attributable to an increase in the number of facilities in the first quarter of fiscal 2011 compared with the year-ago period.

Net income for three months ended August 31, 2010 increased 35% year-over-year to $3.1 million, or $0.14 per diluted share, based on 21.8 million weighted average diluted shares outstanding, compared with $2.3 million, or $0.13 per diluted share, based on 18.2 million weighted average diluted shares outstanding, for the same period a year ago.

As of August 31, 2010, SOKO had cash and cash equivalents of $24.5 million compared with $18.1 million on May 31, 2010 and $3.6 million on August 31, 2009. The sequential-quarter increase in cash and cash equivalents was related to operating cash flow of approximately $8.7 million, while the year-over-year increase was the result of cash flow from operations and the company&;s non-brokered private placement completed in April 2010.

Fiscal 2011 Guidance:

SOKO also introduced preliminary gross revenue guidance for fiscal year 2011 in the range of $38 million to $42 million, which, if achieved, would represent year-over-year growth of approximately 27-40%. SOKO expects that this revenue growth will be driven by a combination of new facility openings, an increase in the number of members and clients at its existing fitness and spa facilities and an increase in average revenue per customer.

During fiscal 2011, SOKO plans to open up to 16 new or acquired facilities (up from an estimate of 10 or more made earlier this year). These facilities will be either wholly-owned or majority controlled by SOKO but could also be minority owned or operated under a management agreement. Some of the new facilities are expected to be in SOKO&;s core markets of Heilongjiang and Liaoning Provinces where Harbin and Shenyang are located, respectively. SOKO expects that capital expenditures associated with these facilities will be fully funded from cash on hand and operating cash flow. By the end of fiscal 2011, SOKO expects its customer base to increase to 22,000 fitness center members and 26,500 spa and beauty clients. This compares with 18,000 fitness center members and 21,000 spa and beauty clients at the end of fiscal 2010.

Commenting on SOKO&;s outlook, Mr. Liu added, "Fiscal 2010 was an extremely positive year for SOKO, both strategically and operationally, and we believe we are well positioned to achieve continued strong growth in fiscal 2011. In addition to our expansion into new markets, we will continue to further establish SOKO&;s leadership position in our core markets of Northeastern China&;s second tier cities. Growth in our core markets is being driven by an expansion of China&;s upper and middle classes, as well as increasing affluence across the entire Chinese population. We offer a highly desirable suite of services to this important demographic and believe we can leverage our reputation, broad range of services and growing base of facilities as we continue to attract new customers and build brand equity, allowing us to capture the significant, untapped market potential that we believe exists in China for our services."

SOKO currently operates 21 facilities in Northeastern China and Beijing, including 11 beauty salons and spas, one non-surgical medical beauty center, eight fitness centers and yoga studios, including two fitness centers in suburban Beijing and one yoga studio in central Beijing, and one beauty school. As of August 31, 2010, SOKO had approximately 20,500 fitness club members, and approximately 22,700 beauty salon and spa clients. SOKO currently has 3 facilities under construction or engaged in pre-opening activities.

Conference Call

SOKO will host a conference call for interested investors and analysts to discuss its financial results for the period on Wednesday, October 13, 2010, at 8:00 a.m. Eastern time. To participate in the conference call, please dial 1-877-941-2321 from the U.S. and Canada, or 1-480-629-9714 for international callers.

An audio replay will also be available approximately one hour after the conclusion of the call and will be made available through October 27, 2010. The audio replay can be accessed by dialing 1-800-406-7325 from the U.S. or Canada, or 1-303-590-3030 internationally, and entering access ID Number 4374329.

About SOKO Fitness & Spa Group, Inc.

SOKO Fitness & Spa Group, Inc., an OTCBB listed company (SOKF), is an operator of fitness centers and beauty salons and spas in key cities in Northeastern China as well as in suburban Beijing. SOKO provides programs, services, and products 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 .

To be added to SOKO&;s email distribution for future news releases, please send your request to soko@tpg-ir.com.

Cautionary Note Regarding Forward Looking Statements

This press release and the statements of representatives of SOKO Fitness & Spa Group, Inc. (the "Company") related thereto contain, or may contain, statements that are not historical facts and are therefore "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company&;s plans, objectives, projections, beliefs, expectations and intentions and other statements identified by words such as "guidance," "projects," "may," "could," "would," "should," "believe," "expect," "anticipate," "estimate," "intend," "plan," or similar expressions. These statements are based upon the current beliefs and expectations of the Company&;s management and are subject to significant risks and uncertainties, including those detailed in the Company&;s filings with the Securities and Exchange Commission. Actual results, including, without limitation, future financial results and results regarding the Company&;s expansion strategies, service offerings, client, membership and customer figures, proposed new center openings and prospects and strategies for growth, may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company&;s control). The Company does not undertake any obligation to update any forward- looking statement, except as required under applicable law.

For more information, please contact:

The Piacente Group, Inc.
Investor Relations
Brandi Floberg or Lee Roth
Phone: +1-212-481-2050
Email: soko@tpg-ir.com

SOKO Fitness & Spa Group, Inc.
Shawn Qu
Phone: +1-908-208-8681
Email: shawnqu@sokofitness.com

SOKO Fitness & Spa Group, Inc.
Judy Jiang
Phone: +86-451-8770-2280
Email: judyjiang@sokofitness.com



SOKO FITNESS & SPA GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN US DOLLARS)

AUGUST 31, MAY 31,
2010 2010
(UNAUDITED)
ASSETS
Current Assets:
Cash & cash equivalents $24,473,681 $18,104,218
Accounts receivable, net 512,557 911,523
Inventories 1,271,576 1,099,208
Advances to suppliers 6,180,147 6,302,976
Employee advance 216,060 437,196
Loan to others 146,710 146,270
Prepaid expense 149,687 127,365
Total Current Assets 32,950,418 27,128,755

Property, plant and equipment, net of
accumulated depreciation 25,773,727 24,116,400

Other Assets
Security deposit 231,193 75,412
Deferred rent 1,197,707 897,032
Goodwill 4,190,942 4,178,365
Intangible assets, net 1,694,988 1,739,107
Total Other Assets 7,314,830 6,889,917

Total Assets 66,038,975 58,135,072

LIABILITIES AND STOCKHOLDERS&; EQUITY

Current
Liabilities:
Short-term loans 2,203,481 2,196,869
Accounts payable, accrued expenses and
other payable 2,362,994 1,707,381
Unearned revenue 13,331,058 9,344,088
Taxes payable 126,658 144,598
Total Current Liabilities 18,024,191 13,392,936

Stockholders&; Equity
Preferred Stock, $.001 par value;
10,000,000 shares authorized; - 0 -
shares issued and outstanding at
August 31, 2010 and May 31, 2010 -- --
Common stock, $0.001 Par value;
500,000,000 shares authorized;
20,213,889 shares issued and
outstanding at August 31 and
May 31, 2010, respectively 20,214 20,214
Additional paid-in-capital 12,209,047 12,173,597
Additional paid-in-capital - Warrants 1,070,275 1,070,275
Accumulated other comprehensive income 2,026,283 1,913,924
Retained earnings 32,688,404 29,655,804

Total Stockholders&; Equity 48,014,223 44,833,814
Noncontrolling interest 561 (91,678)
Total Equity 48,014,784 44,742,136

Total Liabilities and Stockholders&; Equity $66,038,975 $58,135,072



SOKO FITNESS & SPA GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(IN US DOLLARS)
(UNAUDITED)

FOR THE THREE MONTHS ENDED
AUGUST 31,
2010 2009

Net Sales $9,141,328 $6,430,503
Cost of Sales (3,099,088) (2,188,938)
Gross Profit 6,042,240 4,241,565

Selling, General and
Administrative Expenses: 3,121,713 1,898,374

Operating Income 2,920,527 2,343,191

Other Income and Expenses
Interest expense (29,651) (32,525)
Other income 228,017 15,523
Other expenses (5,696) (471)
Total Other Income and (Expense) 192,670 (17,474)

Income Before Income Taxes 3,113,197 2,325,718

Provision for Income Taxes 9,502 23,880

Net Income 3,103,695 2,301,838
Less: net income (loss) attributable to
the noncontrolling interest 71,095 (125,767)

Net Income Attributable to SOKO Fitness &
Spa Group, Inc. $3,032,600 $2,427,604

Other Comprehensive Income - Foreign
currency translation adjustment
Attributable to SOKO Fitness & Spa
Group, Inc. 112,824 (21,282)
Attributable to non-controlling interest (450) (67)

Comprehensive Income (Loss)
Attributable to SOKO Fitness & Spa
Group, Inc. $3,145,424 $2,406,322
Attributable to non-controlling interest $70,645 $(125,834)

Basic and Diluted Income per common share
Basic $0.15 $0.14
Diluted $0.14 $0.13

Weighted average common share outstanding
Basic 20,213,889 17,000,000
Diluted 21,779,011 18,168,443



SOKO FITNESS & SPA GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN US DOLLARS)
(UNAUDITED)

FOR THE THREE MONTHS ENDED
AUGUST 31,
2010 2009
Cash Flows From Operating Activities:
Net income $3,103,695 $2,301,838
Adjustments to reconcile net income
to net cash provided by operating
activities:

Stock based compensation 35,450 7,660
Depreciation 707,296 564,191
Amortization 158,209 --

Changes in operating assets and
liabilities:
Restricted cash -- 7,228
Accounts receivable 713,207 (100,774)
Inventories (169,474) (16,752)
Advances to suppliers 41,077 1,469
Employee advance (72,378) 48,436
Other receivables 3,640 96,856
Prepaid expense 48,256 50,901
Security deposit (60,106) (93,087)
Deferred rent (365,028) (84,250)
Accounts payable 4,351 (1,102)
Unearned revenue 3,968,547 4,303,014
Taxes payable (18,371) (5,476)
Accrued expenses and other payables 634,826 36,360

Cash provided by operating
activities 8,733,200 7,116,513

Cash Flows From Investing Activities:
Purchase of software (114,184) --
Addition in construction in progress (2,080,487) (5,709,094)
Purchase of property and equipment (215,287) (184,055)
Cash paid for acquisition, net -- 65,265

Cash used in investing activities (2,409,958) (5,827,884)

Cash Flows From Financing Activities:
Capital contribution from minority
shareholder 21,632 --
Proceeds from short-term loan -- 380,522

Cash provided by financing
activities 21,632 380,522

Effect of exchange rate changes on cash and
cash equivalents 24,589 (12,573)

Increase In Cash and Cash Equivalents 6,369,463 1,656,578

Cash and Cash Equivalents - Beginning
of the period 18,104,218 1,907,641

Cash and Cash Equivalents - Ending of the
period $24,473,681 $3,564,219

SOURCE SOKO Fitness & Spa Group, Inc.

SOKO's FY2011 Projections also look good: (1) $38-40 million in revenue; (2) 11-12 million in SG&A; and (3) 16 new facilities. Hope NASDAQ approves soon.

The numbers look good to me! Solid growth, plenty of cash on hand, good outlook. I'm a buyer!

SOKF.. $3.65

SOKO Fitness & Spa Group to Report Fiscal First Quarter 2011 Financial Results on Wednesday, October 13, 2010

PR Newswire - Oct 12 at 04:15

Company Symbols: NASDAQ-OTCBB:SOKF


HARBIN, China, Oct. 12 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board: SOKF) ("SOKO"), an operator of fitness centers, beauty salons and spas in Northeast China as well as suburban Beijing, today announced that it will host a conference call to discuss financial results for its fiscal 2011 first quarter, ended August 31, 2010, on Wednesday, October 13, 2010 at 8:00 a.m. Eastern Time. Interested parties may access the conference call by dialing 1-877-941-2321 in the U.S. and Canada, or 1-480-629-9714 internationally.

For those unable to participate, an audio replay of the call will be available beginning approximately one hour after the conclusion of the live call through October 27, 2010. The audio replay can be accessed by dialing 1-800-406-7325 from the U.S. or Canada, or 1-303-590-3030 internationally, and entering access ID Number 4374329.

About SOKO Fitness & Spa Group, Inc.

SOKO Fitness & Spa Group, Inc., an OTCBB listed company (SOKF.OB), is an operator of fitness centers and beauty salons and spas in key cities in Northeastern China as well as in suburban Beijing. SOKO provides programs, services, and products 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 .

To be added to SOKO&;s email distribution for future news releases, please send your request to soko@tpg-ir.com.

For more information, please contact:

The Piacente Group, Inc.
Investor Relations
Brandi Floberg or Lee Roth
Phone: +1-212-481-2050
Email: soko@tpg-ir.com

Shawn Qu
SOKO Fitness & Spa Group, Inc.
Phone: +1-908-208-8681
Email: shawnqu@sokofitness.com

Judy Jiang
SOKO Fitness & Spa Group, Inc.
Phone: +86-451-8770-2280
Email: judyjiang@sokofitness.com

SOURCE SOKO Fitness & Spa Group, Inc.

Ah, I thought that box was a new feature, but it isnt'. I probably mistakenly clicked "Show/Hide iBox."

Why do we have that huge message up top? Nice 10% bump so far today, although on low volume.

I plan to attend SOKO's Rodman presentation in New York today. Let me know if you have any questions for management, and I'll try to get you their response.

I understand they applied to be listed on the NASDAQ in July, which means we should be on the lookout for an uplisting any day now. Any thoughts on the uplisting's effect?

SOKF.. $3.93

SOKO Fitness Announces Fourth Quarter and Fiscal Year End 2010 Financial Results

PR Newswire - Aug 30 at 06:00

Company Symbols: NASDAQ-OTCBB:SOKF

Full-Year Net Income Increases 55%, Revenue Increases 53% Over 2009; Company to Host Conference Call on Monday, August 30 at 8:00 AM Eastern Time


HARBIN, China, Aug. 30 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board: SOKF) ("SOKO"), an operator of fitness centers and beauty salons and spas in Northeast China as well as suburban Beijing, today announced financial results for the fourth quarter and fiscal year ended May 31, 2010.

Full Year Financial Highlights

-- Full-year revenue totaled $29.9 million, an increase of 53% over $19.6
million in fiscal 2009.

-- Gross profit improved to $20.4 million, or 68% of revenue, compared
with $13 million, or 66% of revenue for fiscal year end 2009.

-- Operating income improved by 44% year-over-year to $10.2 million,
compared with operating income of $7.1 million in fiscal 2009.

-- Net income improved by 55% year-over-year to $10.4 million, or $0.56
per diluted share, compared with $7.0 million, or $0.41 per diluted
share for fiscal 2009.

Fourth Quarter Financial Highlights

-- Fourth quarter 2010 revenue totaled $8.0 million, an increase of 40%
over $5.6 million in the fourth quarter of 2009.

-- Gross profit increased to $5.2 million, or 65% of revenue for the
quarter, compared with $3.8 million, or 68% of revenue in the fourth
quarter of 2009.

-- Operating income was $2.0 million, a 5% increase over $1.9 million in
the fourth quarter of 2009.

-- Net income was $2.0 million, or $0.10 per diluted share, compared with
$2.0 million, or $0.12 per diluted share in the same period a year ago.

Fourth Quarter and Full Year Business Highlights

-- Completed non-brokered private placement for gross proceeds of $10
million.

-- Opened 7 new facilities in fiscal 2010.

-- Entered Beijing market through December 2009 acquisition of majority
interest in 2 suburban Beijing fitness centers.

-- Opened Lea Spa Xishan Club, SOKO&;s first spa facility in Beijing.

-- Signed lease agreement with Westin Chaoyang Hotel in Beijing to open
SOKO&;s fourth yoga facility.

-- Opened Daoli Fitness, Legend Spa Central Club, and Yoga Wave Harbin,
collectively occupying 63,000 square feet in the Long Dian Building in
centrally located downtown Harbin.

"During fiscal 2010, we achieved solid top and bottom line growth, high margins and strong operating cash flow. This performance speaks to the significant demand that exists for our premium fitness and aesthetic services in the markets in which we operate, as well as the ongoing success of our growth strategy," said Tong Liu, Chief Executive Officer of SOKO. "Fiscal 2010 was notable for several important milestones, including our entry into the Beijing market, where we currently operate two fitness centers and one spa. We expect that our fourth Beijing facility, Yoga Wave Beijing, will open in September in Westin&;s Chaoyang hotel, marking our second facility located in a luxury hotel. We believe a tremendous opportunity exists for SOKO spas, fitness centers and yoga studios in the luxury hotel market, and expect that this facility could lead to further cooperation with hotel chains throughout China.

"In addition to our expansion into new markets, we took steps to further establish SOKO&;s leadership position in our core second tier city markets of Harbin and Shenyang. During fiscal 2010, we opened 4 new facilities in these cities, which we believe will allow us to better address the significant, untapped growth potential that exists among northeastern China&;s emerging upper and middle-classes. Early sales activity at these facilities has been strong, and we believe that they can make a meaningful contribution to our business as they mature," Mr. Liu added.

SOKO currently operates 20 facilities in Northeastern China and Beijing, including 11 beauty salons and spas, one non-surgical medical beauty center, seven fitness centers and yoga studios, including two fitness centers in suburban Beijing, and one beauty school. As of May 31, 2010, SOKO had approximately 18,000 fitness club members, and approximately 21,000 beauty salon and spa clients. SOKO currently has 4 facilities under construction or engaged in pre-opening activities.

Full Year Financial Summary

Total revenue for the fiscal year ended May 31, 2010 was $29.9 million, an increase of 53%, compared with revenue of $19.6 million for fiscal 2009. The increase in revenue was attributed to an increase in the number of SOKO-operated facilities and increased per-customer spending.

Among SOKO&;s three business segments, spa and beauty services and products accounted for 77.3% of revenue, fitness centers accounted for 18.2% of revenue and the beauty school accounted for 4.5% of revenue for the fiscal year ended May 31, 2010.

-- Total professional services were $19.1 million, up 69% year-over-year.
The year-over-year increase was primarily related to promotional
activities conducted in the second half of fiscal 2010, which drove an
increase in revenue during the period.

-- Total product sales were $4.1 million, up 13.9% year-over-year.

-- Membership fees grew to $5.4 million, up 80% year-over-year.

-- Revenue from beauty school tuition was $1.3 million, compared with $1.7
million in the same period a year ago. The decrease was due to SOKO&;s
strategic cut back in some of its short-term administration courses and
transition toward longer-term training programs to support its core
beauty and spa business operations.

Gross profit for the twelve months ended May 31, 2010 was $20.4 million, or 68% of revenue, compared with $13.0 million, or 66% of revenue for fiscal 2009.

Selling, general and administrative expenses for fiscal 2010 were $10.3 million, compared with $5.9 million for the fiscal year end 2009. The increase in SG&A expense was related to an increase in one-time expenses related to the Beijing fitness center acquisition and other activities related to both new and existing facilities, as well as increased costs directly related to the growth in revenue.

Net income for fiscal 2010 increased 55% year-over-year to $10.4 million, or $0.56 per diluted share, based on 18.6 million weighted average diluted shares outstanding, compared with $7.0 million, or $0.41 per diluted share, based on 17.3 million weighted diluted average shares outstanding, for the same period a year ago.

As of May 31, 2010, SOKO had cash and cash equivalents of $18.1 million compared with $1.9 million on May 31, 2009. The increase in cash and cash equivalents is attributable to SOKO&;s non-brokered private placement completed April 21, 2010, as well as continued positive cash flow from operations.

Company and Market Outlook

Commenting on SOKO&;s plans for the upcoming year, Mr. Liu stated, "Our growth plans for fiscal 2011 remain aggressive. We believe that the cash we generate from operations, coupled with the proceeds from our April financing, will give SOKO the resources to maintain our robust expansion plans to open new facilities and acquire centers that we believe complement our existing portfolio. We achieved a great deal in fiscal 2010 and believe that the stage is set for continued advancement in fiscal 2011. With an established, well-respected brand in the beauty and fitness markets, a growing base of potential customers driven by increasing affluence in China, and a strong financial position that will enable us to achieve our growth objectives, we are excited about what the future holds for SOKO."

Conference Call

SOKO will host a conference call for interested investors and analysts to discuss its financial results for the period on Monday, August 30, 2010, at 8:00 a.m. Eastern time. To participate in the conference call, please dial 1-877-941-2321 from the U.S. and Canada, or 1-480-629-9714 for international callers.

An audio replay will also be available approximately one hour after the conclusion of the call and will be made available through September 13, 2010. The audio replay can be accessed by dialing 1-800-406-7325 from the U.S or Canada, or 1-303-590-3030 internationally, and entering access ID Number 4352938.

About SOKO Fitness & Spa Group, Inc.

SOKO Fitness & Spa Group, Inc., an OTCBB listed company (SOKF), is an operator of fitness centers and beauty salons and spas in key cities in Northeastern China as well as in suburban Beijing. SOKO provides programs, services, and products 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 .

To be added to SOKO&;s email distribution for future news releases, please send your request tosoko@tpg-ir.com.

Cautionary Note Regarding Forward Looking Statements

This press release and the statements of representatives of SOKO Fitness & Spa Group, Inc. (the "Company") related thereto contain, or may contain, statements that are not historical facts and are therefore "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company&;s plans, objectives, projections, beliefs, expectations and intentions and other statements identified by words such as "projects," "may," "could," "would," "should," "believe," "expect," "anticipate," "estimate," "intend," "plan," or similar expressions. These statements are based upon the current beliefs and expectations of the Company&;s management and are subject to significant risks and uncertainties, including those detailed in the Company&;s filings with the Securities and Exchange Commission. Actual results, including, without limitation, results regarding the Company&;s expansion strategies, service offerings, client, membership and customer figures, proposed new center openings and prospects and strategies for growth, may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company&;s control). The Company does not undertake any obligation to update any forward- looking statement, except as required under applicable law.

For more information, please contact:

The Piacente Group, Inc.
Investor Relations
Brandi Floberg or Lee Roth
Tel: +1-212-481-2050
Email: soko@tpg-ir.com

SOKO Fitness & Spa Group, Inc.
Shawn Qu
Tel: +1-908-208-8681
Email: shawnqu@sokofitness.com

SOKO Fitness & Spa Group, Inc.
Judy Jiang
Tel: +86-451-8770-2280
Email: judyjiang@sokofitness.com



SOKO FITNESS & SPA GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(IN US DOLLARS)

May 31,
2010 2009
ASSETS (RESTATED)
Current Assets:
Cash & cash equivalents $18,104,218 $1,907,640
Restricted cash -- 7,233
Accounts receivable, net 911,523 110,541
Inventories 1,099,208 1,391,302
Advances to suppliers 6,302,976 993,084
Employee advance 437,196 54,783
Loan receivable 146,270 --
Prepaid expense 127,365 146,959
Total Current Assets 27,128,755 4,611,542


Property, plant and equipment, net of
accumulated depreciation 24,116,400 19,674,394

Other Assets
Security deposit 75,412 47,853
Deferred rent 897,032 589,188
Deposit to suppliers -- 1,464,530
Investment advance -- 399,750
Goodwill 4,178,365 2,525,778
Intangible assets, net 1,739,107 --
Total Other Assets 6,889,917 5,027,099

Total Assets 58,135,072 29,313,035


LIABILITIES AND STOCKHOLDERS&; EQUITY

Current Liabilities:
Short-term loans 2,196,869 2,196,795
Accounts payable, accrued expenses and
other payable 1,707,381 471,457
Unearned revenue 9,344,088 1,909,755
Taxes payable 144,598 360,229
Contingent liability -- 200,000
Total Current Liabilities 13,392,936 5,138,236

Stockholders&; Equity
Preferred Stock, $.001 par value;
10,000,000 shares authorized; - 0 -
shares issued and outstanding at May
31,2010 and 2009 -- --
Common stock, $0.001 Par value; 500,000,000
shares authorized; 20,213,889 and
17,000,000 shares issued and outstanding
at May 31, 2010 and 2009, respectively 20,214 17,000
Additional paid-in-capital 12,604,619 2,346,397
Additional paid-in-capital - Warrants 639,253 639,253
Accumulated other comprehensive income 1,913,924 1,910,751
Retained earnings 29,655,804 19,215,114
Total Stockholders&; Equity 44,833,814 24,128,515
Noncontrolling interest (91,678) 46,283
Total Equity 44,742,136 24,174,799


Total Liabilities and Stockholders&;
Equity 58,135,072 $29,313,034




SOKO FITNESS & SPA GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(IN US DOLLARS)

FOR THE FISCAL YEARS ENDED
MAY 31,
2010 2009
(RESTATED)

Net Sales $29,931,674 $19,569,108

Cost of Sales (9,512,745) (6,591,906)

Gross Profit 20,418,929 12,977,202

Selling, General and Administrative
Expenses: 10,258,668 5,902,059

Operating Income 10,160,261 7,075,143

Other Income and Expenses
Interest expense (62,736) (66,121)
Other income 230,387 47,012
Penalty for investor&;s liquidated damages (200,000)
Other expenses (17,648) (70,731)
Total Other Income and (Expense) 150,004 (289,840)

Income Before Income Taxes 10,310,265 6,785,303

Provision for Income Taxes 114,301 42,667

Net Income 10,195,964 6,742,636
Less: net income (loss) attributable to
the noncontrolling interest (244,726) (287,865)

Net Income Attributable to SOKO Fitness
& Spa Group, Inc. $10,440,690 $7,030,500

Other Comprehensive Income - Foreign
currency translation adjustment
Attributable to SOKO Fitness & Spa Group,
Inc. 544 284,923
Attributable to non-controlling interest (35) 4,844

Comprehensive Income (Loss)
Attributable to SOKO Fitness & Spa Group,
Inc. $10,441,233 $7,315,423
Attributable to non-controlling interest $ (244,761) $(283,021)


Basic and Diluted Income per common share
Basic $0.60 $0.41
Diluted $0.56 $0.41

Weighted average common share outstanding
Basic 17,284,932 17,000,000
Diluted 18,597,186 17,297,931

SOURCE SOKO Fitness & Spa Group, Inc.

SOKF..$3.93

It appears that SOKF is finally getting caught up with just being another company from CHINA.. SOKF is much better than most from a transparency pointof view but the fact is true.. China company's are trading at half thier PE normal values.. hank

SOKO Fitness Announces Fourth Quarter and Fiscal Year End 2010 Financial Results

Full-Year Net Income Increases 55%, Revenue Increases 53% Over 2009; Company to Host Conference Call on Monday, August 30 at 8:00 AM Eastern Time
HARBIN, China, Aug. 30 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board: SOKF) ("SOKO"), an operator of fitness centers and beauty salons and spas in Northeast China as well as suburban Beijing, today announced financial results for the fourth quarter and fiscal year ended May 31, 2010.

Full Year Financial Highlights

-- Full-year revenue totaled $29.9 million, an increase of 53% over $19.6
million in fiscal 2009.

-- Gross profit improved to $20.4 million, or 68% of revenue, compared
with $13 million, or 66% of revenue for fiscal year end 2009.

-- Operating income improved by 44% year-over-year to $10.2 million,
compared with operating income of $7.1 million in fiscal 2009.

-- Net income improved by 55% year-over-year to $10.4 million, or $0.56
per diluted share, compared with $7.0 million, or $0.41 per diluted
share for fiscal 2009.

Fourth Quarter Financial Highlights

-- Fourth quarter 2010 revenue totaled $8.0 million, an increase of 40%
over $5.6 million in the fourth quarter of 2009.

-- Gross profit increased to $5.2 million, or 65% of revenue for the
quarter, compared with $3.8 million, or 68% of revenue in the fourth
quarter of 2009.

-- Operating income was $2.0 million, a 5% increase over $1.9 million in
the fourth quarter of 2009.

-- Net income was $2.0 million, or $0.10 per diluted share, compared with
$2.0 million, or $0.12 per diluted share in the same period a year ago.

Fourth Quarter and Full Year Business Highlights

-- Completed non-brokered private placement for gross proceeds of $10
million.

-- Opened 7 new facilities in fiscal 2010.

-- Entered Beijing market through December 2009 acquisition of majority
interest in 2 suburban Beijing fitness centers.

-- Opened Lea Spa Xishan Club, SOKO's first spa facility in Beijing.

-- Signed lease agreement with Westin Chaoyang Hotel in Beijing to open
SOKO's fourth yoga facility.

-- Opened Daoli Fitness, Legend Spa Central Club, and Yoga Wave Harbin,
collectively occupying 63,000 square feet in the Long Dian Building in
centrally located downtown Harbin.
"During fiscal 2010, we achieved solid top and bottom line growth, high margins and strong operating cash flow. This performance speaks to the significant demand that exists for our premium fitness and aesthetic services in the markets in which we operate, as well as the ongoing success of our growth strategy," said Tong Liu, Chief Executive Officer of SOKO. "Fiscal 2010 was notable for several important milestones, including our entry into the Beijing market, where we currently operate two fitness centers and one spa. We expect that our fourth Beijing facility, Yoga Wave Beijing, will open in September in Westin's Chaoyang hotel, marking our second facility located in a luxury hotel. We believe a tremendous opportunity exists for SOKO spas, fitness centers and yoga studios in the luxury hotel market, and expect that this facility could lead to further cooperation with hotel chains throughout China.

"In addition to our expansion into new markets, we took steps to further establish SOKO's leadership position in our core second tier city markets of Harbin and Shenyang. During fiscal 2010, we opened 4 new facilities in these cities, which we believe will allow us to better address the significant, untapped growth potential that exists among northeastern China's emerging upper and middle-classes. Early sales activity at these facilities has been strong, and we believe that they can make a meaningful contribution to our business as they mature," Mr. Liu added.

SOKO currently operates 20 facilities in Northeastern China and Beijing, including 11 beauty salons and spas, one non-surgical medical beauty center, seven fitness centers and yoga studios, including two fitness centers in suburban Beijing, and one beauty school. As of May 31, 2010, SOKO had approximately 18,000 fitness club members, and approximately 21,000 beauty salon and spa clients. SOKO currently has 4 facilities under construction or engaged in pre-opening activities.

Full Year Financial Summary

Total revenue for the fiscal year ended May 31, 2010 was $29.9 million, an increase of 53%, compared with revenue of $19.6 million for fiscal 2009. The increase in revenue was attributed to an increase in the number of SOKO-operated facilities and increased per-customer spending.

Among SOKO's three business segments, spa and beauty services and products accounted for 77.3% of revenue, fitness centers accounted for 18.2% of revenue and the beauty school accounted for 4.5% of revenue for the fiscal year ended May 31, 2010.

-- Total professional services were $19.1 million, up 69% year-over-year.
The year-over-year increase was primarily related to promotional
activities conducted in the second half of fiscal 2010, which drove an
increase in revenue during the period.

-- Total product sales were $4.1 million, up 13.9% year-over-year.

-- Membership fees grew to $5.4 million, up 80% year-over-year.

-- Revenue from beauty school tuition was $1.3 million, compared with $1.7
million in the same period a year ago. The decrease was due to SOKO's
strategic cut back in some of its short-term administration courses and
transition toward longer-term training programs to support its core
beauty and spa business operations.
Gross profit for the twelve months ended May 31, 2010 was $20.4 million, or 68% of revenue, compared with $13.0 million, or 66% of revenue for fiscal 2009.

Selling, general and administrative expenses for fiscal 2010 were $10.3 million, compared with $5.9 million for the fiscal year end 2009. The increase in SG&A expense was related to an increase in one-time expenses related to the Beijing fitness center acquisition and other activities related to both new and existing facilities, as well as increased costs directly related to the growth in revenue.

Net income for fiscal 2010 increased 55% year-over-year to $10.4 million, or $0.56 per diluted share, based on 18.6 million weighted average diluted shares outstanding, compared with $7.0 million, or $0.41 per diluted share, based on 17.3 million weighted diluted average shares outstanding, for the same period a year ago.

As of May 31, 2010, SOKO had cash and cash equivalents of $18.1 million compared with $1.9 million on May 31, 2009. The increase in cash and cash equivalents is attributable to SOKO's non-brokered private placement completed April 21, 2010, as well as continued positive cash flow from operations.

Company and Market Outlook

Commenting on SOKO's plans for the upcoming year, Mr. Liu stated, "Our growth plans for fiscal 2011 remain aggressive. We believe that the cash we generate from operations, coupled with the proceeds from our April financing, will give SOKO the resources to maintain our robust expansion plans to open new facilities and acquire centers that we believe complement our existing portfolio. We achieved a great deal in fiscal 2010 and believe that the stage is set for continued advancement in fiscal 2011. With an established, well-respected brand in the beauty and fitness markets, a growing base of potential customers driven by increasing affluence in China, and a strong financial position that will enable us to achieve our growth objectives, we are excited about what the future holds for SOKO."

Conference Call

SOKO will host a conference call for interested investors and analysts to discuss its financial results for the period on Monday, August 30, 2010, at 8:00 a.m. Eastern time. To participate in the conference call, please dial 1-877-941-2321 from the U.S. and Canada, or 1-480-629-9714 for international callers.

An audio replay will also be available approximately one hour after the conclusion of the call and will be made available through September 13, 2010. The audio replay can be accessed by dialing 1-800-406-7325 from the U.S or Canada, or 1-303-590-3030 internationally, and entering access ID Number 4352938.

About SOKO Fitness & Spa Group, Inc.

SOKO Fitness & Spa Group, Inc., an OTCBB listed company (SOKF), is an operator of fitness centers and beauty salons and spas in key cities in Northeastern China as well as in suburban Beijing. SOKO provides programs, services, and products 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 .

To be added to SOKO's email distribution for future news releases, please send your request tosoko@tpg-ir.com.

Cautionary Note Regarding Forward Looking Statements

This press release and the statements of representatives of SOKO Fitness & Spa Group, Inc. (the "Company") related thereto contain, or may contain, statements that are not historical facts and are therefore "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company's plans, objectives, projections, beliefs, expectations and intentions and other statements identified by words such as "projects," "may," "could," "would," "should," "believe," "expect," "anticipate," "estimate," "intend," "plan," or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. Actual results, including, without limitation, results regarding the Company's expansion strategies, service offerings, client, membership and customer figures, proposed new center openings and prospects and strategies for growth, may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). The Company does not undertake any obligation to update any forward- looking statement, except as required under applicable law.

For more information, please contact:

The Piacente Group, Inc.
Investor Relations
Brandi Floberg or Lee Roth
Tel: +1-212-481-2050
Email: soko@tpg-ir.com

SOKO Fitness & Spa Group, Inc.
Shawn Qu
Tel: +1-908-208-8681
Email: shawnqu@sokofitness.com

SOKO Fitness & Spa Group, Inc.
Judy Jiang
Tel: +86-451-8770-2280
Email: judyjiang@sokofitness.com



SOKO FITNESS & SPA GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(IN US DOLLARS)

May 31,
2010 2009
ASSETS (RESTATED)
Current Assets:
Cash & cash equivalents $18,104,218 $1,907,640
Restricted cash -- 7,233
Accounts receivable, net 911,523 110,541
Inventories 1,099,208 1,391,302
Advances to suppliers 6,302,976 993,084
Employee advance 437,196 54,783
Loan receivable 146,270 --
Prepaid expense 127,365 146,959
Total Current Assets 27,128,755 4,611,542


Property, plant and equipment, net of
accumulated depreciation 24,116,400 19,674,394

Other Assets
Security deposit 75,412 47,853
Deferred rent 897,032 589,188
Deposit to suppliers -- 1,464,530
Investment advance -- 399,750
Goodwill 4,178,365 2,525,778
Intangible assets, net 1,739,107 --
Total Other Assets 6,889,917 5,027,099

Total Assets 58,135,072 29,313,035


LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
Short-term loans 2,196,869 2,196,795
Accounts payable, accrued expenses and
other payable 1,707,381 471,457
Unearned revenue 9,344,088 1,909,755
Taxes payable 144,598 360,229
Contingent liability -- 200,000
Total Current Liabilities 13,392,936 5,138,236

Stockholders' Equity
Preferred Stock, $.001 par value;
10,000,000 shares authorized; - 0 -
shares issued and outstanding at May
31,2010 and 2009 -- --
Common stock, $0.001 Par value; 500,000,000
shares authorized; 20,213,889 and
17,000,000 shares issued and outstanding
at May 31, 2010 and 2009, respectively 20,214 17,000
Additional paid-in-capital 12,604,619 2,346,397
Additional paid-in-capital - Warrants 639,253 639,253
Accumulated other comprehensive income 1,913,924 1,910,751
Retained earnings 29,655,804 19,215,114
Total Stockholders' Equity 44,833,814 24,128,515
Noncontrolling interest (91,678) 46,283
Total Equity 44,742,136 24,174,799


Total Liabilities and Stockholders'
Equity 58,135,072 $29,313,034




SOKO FITNESS & SPA GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(IN US DOLLARS)

FOR THE FISCAL YEARS ENDED
MAY 31,
2010 2009
(RESTATED)

Net Sales $29,931,674 $19,569,108

Cost of Sales (9,512,745) (6,591,906)

Gross Profit 20,418,929 12,977,202

Selling, General and Administrative
Expenses: 10,258,668 5,902,059

Operating Income 10,160,261 7,075,143

Other Income and Expenses
Interest expense (62,736) (66,121)
Other income 230,387 47,012
Penalty for investor's liquidated damages (200,000)
Other expenses (17,648) (70,731)
Total Other Income and (Expense) 150,004 (289,840)

Income Before Income Taxes 10,310,265 6,785,303

Provision for Income Taxes 114,301 42,667

Net Income 10,195,964 6,742,636
Less: net income (loss) attributable to
the noncontrolling interest (244,726) (287,865)

Net Income Attributable to SOKO Fitness
& Spa Group, Inc. $10,440,690 $7,030,500

Other Comprehensive Income - Foreign
currency translation adjustment
Attributable to SOKO Fitness & Spa Group,
Inc. 544 284,923
Attributable to non-controlling interest (35) 4,844

Comprehensive Income (Loss)
Attributable to SOKO Fitness & Spa Group,
Inc. $10,441,233 $7,315,423
Attributable to non-controlling interest $ (244,761) $(283,021)


Basic and Diluted Income per common share
Basic $0.60 $0.41
Diluted $0.56 $0.41

Weighted average common share outstanding
Basic 17,284,932 17,000,000
Diluted 18,597,186 17,297,931

SOURCE SOKO Fitness & Spa Group, Inc.

Back to top
RELATED LINKS
http://www.sokofitness.com

I called NASDAQ up. If everything is in order, it takes 6-8 weeks for a company to be listed on the NASDAQ after its application.

According to my understanding of the call today, SOKO has submitted their application to uplist to the NASDAQ.

How long does it take to uplist once the application has been submitted? Anyone know the typical timeline?

SOKO "will report financial results for the fourth quarter and fiscal year ended May 31, 2010 on Monday, August 30, 2010, before the start of trading in the U.S.

The Company will host a conference call to discuss the results on Monday, August 30, 2010 at 8:00 a.m. Eastern Time. Interested parties may access the conference call by dialing 1-877-941-2321 in the U.S. and Canada, or 1-480-629-9714 internationally."

http://www.prnewswire.com/news-releases/soko-fitness--spa-group-to-report-fourth-quarter-and-fiscal-year-end-2010-financial-results-on-monday-august-30-2010-101364649.html

Anybody have questions ready for them? We obviously don't have the results yet, but I am wondering if they are going to focus their branding strategy - they currently have at least 6 different brands for only 20 spas/clubs. Just off the top of my head: Daoli Fitness, SOKO Fitness, Yoga Wave, Lea Spa, Legend Spa, Queen Beauty Spa. Their websites are also subpar right now.

These things probably are not an immediate concern, but competitors with strong brands (e.g. Equinox and Japanese operators) have plans to roll into China soon, and SOKO better have a strong brand established by then.

I can understand that. I've just been holding this CIK for a long time. Most likely longer than anyone here. Seems that the market meltdown delayed the upward movement in this stock imo. Although it did give me the opportunity to get some shares at a lower price.

Good Luck,
03

I'm divided about that... I need more time to build up a bigger position :)

btw, an update... Earnings will likely be out towards the end of August... rather than mid August.

Sure would like to see SOKF uplist soon :)

03

Very nice write-up. I added a little more to my share count today.

I wrote a new article on SOKO at SeekingAlpha here:

http://seekingalpha.com/instablog/697819-china-investor/84974-high-conviction-a-reliable-high-growth-chinese-spa-fitness-operator-poised-to-pop-this-month

Tripled my holdings to around 40k shares :)

Below is an article re SOKO. I will be posting my own article within a week or two.

And here is a link to their most recent presentation: http://www.sokofitness.com/Investors/uploadfile/SOKO_Presentation_-_July_2010_Final%5B1%5D.pdf

By the way, can anyone confirm when their annual results (period ending May 2010) will be released? Their press people told me sometime in August, but I thought it has usually been released in September. Thanks.

**************************************************

Originally posted July 21, 2010 at http://geoinvesting.com/companies/sokf_soko_fitness___spa/research/research/0025576

Catalyst: Strong EPS growth; Fueled by an aggressive fitness/beauty center expansion strategy appeared to be in a position to continue its strong EPS growth.
Peak performance: Reached a high of $4.94 on March 23, 2010
Current Price: $4.01

Current road block: Internal control issues; Dilution could impact near-term EPS growth; No financial guidance.

We have high hopes for SOKF, but they have yet to put money from a recent raise to work, which has us moderately worried about short-term EPS growth. Although, the company should start seeing a positive contribution from facilities that are entering their prime growth cycle (starts in year two of operation). Short-term, investors would need to gain clarity on the extent that the moderating growth from mature facilities will be mitigated by newer facilities. We hope that SOKF completes an acquisition soon as this could be a way a to provide an immediate bump to EPS.

Contributor Dan France brought a few more points to our attention. He observed that the number of new clients joining SOKF centers seemed low relative to management’s business model assumptions. We posed this concern to management who said that tracking the growth in current client visits is more relevant to its business model and is within expectations.

Additional observations Dan made:

* "I was also concerned about the average annualized revenue per fitness club member. I understand fitness center revenues only make up 20% of so of revenues but still the premium pricing model seems to be meeting resistance." The average annualized revenue per fitness member was around $340 for the nine months ended Feb. 28 which is less than the annual membership fee of $441. Did SOKO have promotions offering discounted or even free memberships for new members or for member referrals? If so will they continue such promotions in the future?
* I recently heard a business report about Equinox’s plans to expand operations in China. SOKO claims to have a competitive advantage in the markets they are targeting. If global fitness industry players are also targeting China, will SOKO be able to compete with companies with far greater resources?

Overall, we believe SOKF management has a clear vision to build long-term shareholder value.

Short term and risk adverse investors should be aware of the quality issues currently present in the ChinaHybrid Space, questioning the validity of what seem like solid fundamental stories. It is beginning to get ugly so be cautious and understand that more pain may have to be endured, as ChinaHybrids are easy prey for short investors. The broad brush that is being applied to theses stocks appears unfair, but we can’t ignore the psychological impact this can have on investors’ portfolio decisions. If history is our guide, fear will eventually create an immense opportunity to invest in the companies that prove they can meet quality litmus tests enact shareholder friendly moves. Credibility can also be restored if independent legal/SEC opinions validate accounting practices currently in question.

We are unsure of SOKF’s plan to tap the equity market:

"We have historically funded our operation primarily through bank loans and incoming cash from operations. Over the next twelve months, we intend to pursue organic and acquisitive growth in the future and increase our market share in China. We are also evaluating acquisition and consolidation opportunities in China’s fragmented fitness and beauty salon and spa industry. We believe that we have sufficient funds to operate our existing business for the next twelve months. However, in addition to funds available from our operating and short term bank loans, we may need external sources of capital for our expansion."

SOKF completed an equity raise in April 2010, after the release of its 2010 first quarter results. Investors would need to investigate whether or not the need to raise capital is now taken off the table. All and all, we were not too thrilled that SOKF raised $10 million at $3.20 in the April raise. However, upon further inspection it appears that to implement its aggressive acquisition strategy a raise was necessary:

* Cash balance only stood at only $4.8 million:
* Projected annual Free Cash flow stood at $3.8 million: (2010 annual cash flow from operations run rate of $13.6 – 2010 annual capital expenditures run rate of $9.8 million)

Our intent over the short-term is to build a check list to assess the risk position of firms in the ChinaHybrid space. For the time being this will consist of the following: (this list is likely to grow substantially)

I've doubled my holdings over the past month... and more buying to come. The latest update I have from them is that earnings will be released by the end of Aug at the latest, but they may be able to release them earlier in the month. I think we'll see a nice bump from that. Plus, we should get soon get results for the 1st quarter after that. I'm anticipating some good momentum.

What do you think about it? Sounds like an opportunity, but two aspects of it are unproven: hotels and 1st-tier established competition.

SOKF.. $4.00

SOKO Fitness & Spa Group Expands Its Yoga Wave Brand With Entry Into Beijing Market

PR Newswire - Jul 12 at 07:00

Company Symbols: NASDAQ-OTCBB:SOKF

SOKO Expects to Open Yoga Wave Facility at Westin Chaoyang Hotel in the First Quarter of Fiscal 2011


HARBIN, China, July 12 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board: SOKF) (&;SOKO&;), an operator of fitness centers, beauty salons and spas in Northeast China as well as suburban Beijing, today announced that it has signed a lease agreement with the Westin Chaoyang Hotel to open its first yoga facility in Beijing. The new facility is expected to open during the first quarter of fiscal 2011, ending September 30, 2010. The facility, to be named Yoga Wave Beijing, will be SOKO&;s fourth yoga center, joining two facilities in Shenyang, China and one in Harbin, China.

The Westin Chaoyang Hotel is located in Chaoyang, currently the largest district in Beijing and the second most populous. Based on its central location in Beijing, in addition to traditional Yoga Wave classes and private training sessions for its clients, SOKO plans to utilize this Yoga Wave facility as a demonstration and teaching center for instructors to develop and hone specialized yoga techniques and programs that further establish SOKO&;s Yoga Wave as a leading yoga brand in China.

&;This agreement marks our entry to the more central Beijing market, where we believe we can capture additional market share with our best-in-class facilities that cater to high-end clientele,&; said Tong Liu, Chief Executive Officer of SOKO. &;In addition to our existing strategy of penetrating growing but underserved markets for fitness and spa services in China, we see an exceptional opportunity for the SOKO brand of yoga and fitness centers and spas in the Chinese luxury hotel market. Our Westin Chaoyang lease demonstrates our commitment to this strategy and, we believe, has the potential to provide the foundation for further cooperative agreements with other hotel locations in China, where we can immediately gain traction from the hotel&;s guests while we work to build our local membership and client base. We look forward to working closely with the team at the Westin Chaoyang as we seek to replicate the achievements of our other luxury hotel-based facility, the Lea Spa at the Sofitel Wanda in Harbin.&;

The new facility will operate under SOKO&;s Yoga Wave brand and will be open for regular SOKO members as well as available to guests of the Westin Chaoyang Hotel. In-line with SOKO&;s strategy to attract members to its facilities, the 550-room, five-star hotel is centrally located in an area that includes office complexes and high-end shopping centers. The 2,000 square foot Yoga Wave Beijing will include 2 full-size yoga classrooms and 1 private training room.

SOKO&;s fitness and yoga centers typically reach break-even within 14 months of their initial opening and demonstrate approximately 40% growth during the first year of operation. An additional 40% to 50% growth is typically achieved in a center&;s second year, and on average, SOKO facilities reach revenue maturity within approximately two to three years of opening.

SOKO currently owns and operates seven fitness centers, 12 spas and beauty salons including one non-surgical medical beauty salon, and one beauty school. Eight of SOKO&;s 19 fitness and spa facilities have been operated under SOKO&;s brand name for more than two years.

About SOKO Fitness & Spa Group, Inc.

SOKO Fitness & Spa Group, Inc., an OTCBB listed company (SOKF.OB), is an operator of fitness centers and beauty salons and spas in key cities in Northeastern China as well as in suburban Beijing. SOKO provides programs, services, and products 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.

To be added to SOKO&;s email distribution for future news releases, please send your request to soko@tpg-ir.com.

Cautionary Note Regarding Forward Looking Statements

This press release and the statements of representatives of SOKO Fitness & Spa Group, Inc. (the &;Company&;) related thereto contain, or may contain, statements that are not historical facts and are therefore &;forward-looking statements&; within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company&;s plans, objectives, projections, beliefs, expectations and intentions and other statements identified by words such as &;projects,&; &;may,&; &;could,&; &;would,&; &;should,&; &;believe,&; &;expect,&; &;anticipate,&; &;estimate,&; &;intend,&; &;plan,&; or similar expressions. These statements are based upon the current beliefs and expectations of the Company&;s management and are subject to significant risks and uncertainties, including those detailed in the Company&;s filings with the Securities and Exchange Commission. Actual results, including, without limitation, the projected opening and performance of the Yoga Wave Beijing facility and results regarding the Company&;s service offerings, client, membership and customer figures, proposed new center openings and prospects and strategies for growth, may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company&;s control). The Company does not undertake any obligation to update any forward- looking statement, except as required under applicable law.


Contacts:

The Piacente Group, Inc.

Investor Relations

Brandi Floberg or Lee Roth

(212) 481-2050

soko@tpg-ir.com



Shawn Qu Judy Jiang

SOKO Fitness & Spa Group, Inc. SOKO Fitness & Spa Group, Inc.

Tel: (908) 208-8681 Tel: +86(451) 8770 2280

Email: shawnqu@sokofitness.com Email: judyjiang@sokofitness.com







SOURCE SOKO Fitness & Spa Group, Inc.

SOKF.. $4.01

I alwas say this is the last time but quite frankly I just don't have a better place to put my money.. Hank

06/24/10 12:43 PM EDT Buy 1700 SOKF Executed @ $4.01 Details | Edit
06/24/10 12:43 PM EDT Buy 200 SOKF Executed @ $4.08 Details | Edit
06/24/10 12:40 PM EDT Buy 500 SOKF Executed @ $4.08 Details | Edit
06/24/10 12:40 PM EDT Buy 2000 SOKF Executed @ $4.08 Details | Edit

SOKF.. $4.01

I alwas say this is the last time but quite frankly I just don't have a better place to put my money.. Hank

06/24/10 12:43 PM EDT Buy 1700 SOKF Executed @ $4.01 Details | Edit
06/24/10 12:43 PM EDT Buy 200 SOKF Executed @ $4.08 Details | Edit
06/24/10 12:40 PM EDT Buy 500 SOKF Executed @ $4.08 Details | Edit
06/24/10 12:40 PM EDT Buy 2000 SOKF Executed @ $4.08 Details | Edit

SOKF... $4.05

They opened up a couple new facilities, as expected.

If I remember correctly from one of their previous SEC filings, these two facilities should generate $2 million over their first couple quarters. SOKO's quarterly revenue is currently around $8million, so this should provide a nice bump. With the average spa averaging 2000 clients, their pre-sales don't really impress. However, I don't know how long they have engaged in pre-sale activities - maybe these pre-sale numbers are in-line with their projections.



SOKO Fitness & Spa Group Opens Two New Harbin Facilities
Fitness and Spa Facilities Join Yoga Center in Harbin's Long Dian Building

HARBIN, China, June 23 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board:SOKF.ob - News) ("SOKO" or "the Company"), an operator of fitness centers, beauty salons and spas in Northeast China as well as suburban Beijing, today announced the opening of its two newest facilities, Daoli Fitness and Legend Spa Central Club. Both centers, which, as previously announced, have been engaged in pre-opening activities for several months, are located in the Long Dian Building in downtown Harbin, China, a centrally located building for SOKO's target upper-middle class clients. SOKO now holds majority ownership in 13 fitness and spa facilities in Harbin, including Yoga Wave Harbin, which opened in February 2010 and is also strategically located in the Long Dian Building.

"Our newest facility openings further expand our presence in what we believe is an ideal location in Harbin, where there remains significant opportunity to attract new customers and clients from the city's rapidly growing upper-middle class," said Tong Liu, Chief Executive Officer of SOKO. "Having three facilities under a single roof allows us to fully leverage our cross-selling model while offering our customers and members a complete range of fitness, wellness and aesthetic services. Strong pre-sale activity at both Legend Spa and Daoli Fitness, as well as the continued growth we have achieved at Yoga Wave Harbin in the last four months, provides further validation of our prominent reputation in Harbin and the significant brand equity we have built since opening our first Harbin spa 18 years ago."

Harbin is one of the three largest cities in Northeastern China, with a population of more than 6 million and a fast-growing upper-middle class demographic. SOKO's three facilities in the Long Dian Building occupy a total of more than 60 thousand square feet, covering 5 floors of the 34-story commercial and residential building.

Consistent with SOKO's business model at other facilities, the Company expects annual spa visits and fitness club memberships to ramp significantly during these facilities' first two years of operation.

Legend Spa Central Club is a 20,000 square foot facility featuring 23 treatment rooms, and will offer a range of high-end beauty and aesthetic treatments in luxurious settings similar to those offered at SOKO's other facilities in Harbin, Shenyang and suburban Beijing. In conjunction with pre-opening sales and marketing activities, SOKO signed over 250 customers ahead of the spa's grand opening.

At Daoli Fitness, the Company has sold over 100 memberships during pre-opening sales activities. The 20,000 square foot facility features high-end classrooms and an area for private training sessions, state of the art equipment and amenities. Members of Daoli Fitness will have access to a variety of classes, including spin, Pilates and aerobics taught by expert trainers and instructors.

About SOKO Fitness & Spa Group, Inc.

SOKO Fitness & Spa Group, Inc., an OTCBB listed company (SOKF.OB), is an operator of fitness centers and beauty salons and spas in key cities in Northeastern China as well as in suburban Beijing. SOKO provides programs, services, and products 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 .

To be added to SOKO's email distribution for future news releases, please send your request to soko@tpg-ir.com.

Cautionary Note Regarding Forward Looking Statements

This press release and the statements of representatives of SOKO Fitness & Spa Group, Inc. (the "Company") related thereto contain, or may contain, statements that are not historical facts and are therefore "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company's plans, objectives, projections, beliefs, expectations and intentions and other statements identified by words such as "projects," "may," "could," "would," "should," "believe," "expect," "anticipate," "estimate," "intend," "plan," or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. Actual results, including, without limitation, the performance of Long Dian Building facilities and results regarding the Company's expansion strategies, service offerings, client, membership and customer figures, proposed new center openings and prospects and strategies for growth, may differ significantly from those set forth in the forward- looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). The Company does not undertake any obligation to update any forward- looking statement, except as required under applicable law.


For more information, please contact:

The Piacente Group, Inc.
Investor Relations
Brandi Floberg or Lee Roth
Tel: +1-212-481-2050
Email: soko@tpg-ir.com

Shawn Qu
SOKO Fitness & Spa Group, Inc.
Tel: +1-908-208-8681
Email: shawnqu@sokofitness.com

Judy Jiang
SOKO Fitness & Spa Group, Inc.
Tel: +86-451-8770-2280
Email: judyjiang@sokofitness.com

I kinda got caught up in it for different reasons. When the rm happened, I decided to hold and keep watching. It was a profitable company according to filings, so I bought more when it was low. I had no crystal ball. I just took a chance on it and so far it has paid off.

Regards,
03

Congratz on your success so far. How did you get wind of this initially?

I'm sure they'll uplist someday. For now, I'm glad they are focusing on improving their fundamentals rather than promising to uplist soon. Makes me feel like they know where their priorities are.

I've been holding,
for quite some time. Hoping they'll uplist someday. so far, I've got over 73K shares. Last buys were around $3.50 for 3.3K shares. All the others were below 1.26. I haven't sold any yet.

Good Luck,
03

Good job. I only recently noticed this company, but I think I will be with it for a while. Assistant mod? Sure. What do you expect the next high to be? $5.4? I'm going to publish a solid article at seekingalpha within the next month or so with my estimate, which should be around there if not higher.

SOKF.. $4.01

I was offered that block of 10K at $4.01 today but passed because I hate to trade in the last 15 of the day,, SOKF is at present just shy of 8% of the portfolio.. I know that there is stock for sale in size at the $4.20 area but I also think it will be chewed thru easily if/when it gets there.. I have been with the SSOK since the first day it traded and have taken advantage of any bids above $4.60 to sell in size.. Thuis time I think will be different because with the earnings i expect the high 5'4 will be the next stop.. have a nice weekend.. Would you like to come on as assistant mod..? hank

ahhh, I was wondering if "full position" meant 100% of your portfolio is in SOKF. Or if you hit a target number of shares. Looks like the later. Impressive either way! I've only got 12400 so far, but trying to catch up. I'm guessing the price will just bounce along until earnings are released in Sept. GL.

26888 shares.. hank

I was curious too what a "full position" is. LOL.

Nice. I was able to buy more at $4.01. What does "full position" mean?

I'm buying until SOKF constitutes 30% of my portfolio prior to their next earnings release. I met with management a couple weeks ago, and the next earnings should show some monstrous results.

SOKF.. $4.08..

As I was gone yesterday afternoon for a short period I did't realize that I made the following purchases.. With these purchases I now own a full position in SOKF.. hank

06/17/10 3:17 PM EDT Buy 5000 SOKF Executed @ $4.08 Details | Edit
06/17/10 3:00 PM EDT Buy 141 SOKF Executed @ $4.08 Details | Edit
06/17/10 3:00 PM EDT Buy 1250 SOKF Executed @ $4.08 Details | Edit
06/17/10 3:00 PM EDT Buy 1250 SOKF Executed @ $4.08 Details | Edit
06/17/10 2:59 PM EDT Buy 247 SOKF Executed @ $4.08 Details | Edit