Navigation Links
SOKO Fitness & Spa Group Announces Changes to Previously Issued Financial Statements
Date:1/14/2009

HARBIN, China, Jan. 14 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board: SOKF), a leading operator of fitness clubs and spas in Northern China, today reported that the company is restating financial statements for the year ended May 31, 2008 and the first quarter ended August 31, 2008 to correct certain accounting errors discovered by the auditors. The company also announced it expects no changes to its current year-end guidance. The restatement includes:

    -- The timing of revenue recognition for non-refundable membership fees
       from the Letian Yoga club, acquired in March 2008, has been moved from
       recognition upon collection to recognition on a straight-line basis of
       estimated membership life.
    -- A non-cash adjustment relating to the reclassification of the of
       private placement warrants from liability to equity.
    -- A non-cash adjustment to the number of warrants as issued to the
       placement agent according to the warrant agreement.
    -- The reclassification of certain "other expenses" to more specific
       expense categories consistent with previous reporting.
    -- The recalculation of basic weighted average common shares for the
       fiscal year ended May 31 from 17 million shares to approximately 11.6
       million shares.  Although SOKO ended the year with 17 million shares
       outstanding, the recalculation was necessary to account for a lower
       number of shares during the period when the reverse acquisition
       occurred.
    -- There was also a recalculation of diluted weighted average common
       shares for the fiscal 2008 first quarter ended August 31 from
       approximately 20 million shares to approximately 14.5 million shares,
       again to account for a lower number of shares during the period when
       the reverse acquisition occurred.

Additional information as follows:

<
'/>"/>
SOURCE SOKO Fitness & Spa Group, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. Brain Fitness Coming to Senior Exercise Classes
2. MyFitness Planner really moves you
3. MyFitness Planner Really Moves You
4. More Screen Time Linked to Poor Fitness in Girls
5. Neuroactive Bike: America's First And Only Mind-Body Fitness Equipment Used For The Ultimate Brain Fitness Gym Program Launched This Month At Lady Of America Fitness Center
6. SOKO Fitness & Spa Group, Inc. Announces Participation in the ICR XChange Conference
7. New SMHEART LINK(TM) Technology Allows iPhones to Double as Fitness Monitors
8. Universal Music Enterprises (UMe) and Body By Jake Global Create the Worlds First Digital Fitness Music Label
9. MAKE IT FIT(TM) Offers Virtually Free Fitness Service to All Mississippi Residents on Make Mississippi Fit Day
10. Resolve for Results: 10 Tips From Equinox Fitness Club to Help You Keep Your Resolutions in 09
11. New Survey Shows Fitness Goals Trump Money Woes for Most
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... 22, 2015 The federal court overseeing thousands ... District Court, Southern District of West Virginia has upheld a ... proceeding’s first bellwether trial. In an Order dated January 21st, ... after finding that C.R. Bard had not proven a miscarriage ...
(Date:1/22/2015)... (PRWEB) January 22, 2015 Autocarinsurancebest.com has released ... purchasing a commercial auto insurance policy . , Auto ... their vehicles. It is no longer necessary to call an ... are now available online on a single website: http://autocarinsurancebest.com/ ...
(Date:1/22/2015)... A study recently published in ... Medicine & Science in Sports & Exercise shows ... reduce gastrointestinal (GI) problems associated with physical strain ... the double-blind, placebo-controlled study took 10 grams of ...
(Date:1/22/2015)... 2015 Four years since the release of their ... with the marriage of Avasa & Matthew Love – the duo ... scheduled for release through White Swan Records on February 24, 2015. ... a sacred path available to all of us to walk out ...
(Date:1/22/2015)... 2015 JJsHouse.com is a famous dress online ... business announces its latest collection of wedding dresses , ... important issue is the wedding dress on your big day; ... woman’s life. Every bride wants to find the most suitable ...
Breaking Medicine News(10 mins):Health News:Court Upholds $2 Million Vaginal Mesh Lawsuit Verdict Levied Against C.R. Bard in First Federal Bellwether Trial, Bernstein Liebhard LLP Reports 2Health News:Court Upholds $2 Million Vaginal Mesh Lawsuit Verdict Levied Against C.R. Bard in First Federal Bellwether Trial, Bernstein Liebhard LLP Reports 3Health News:Court Upholds $2 Million Vaginal Mesh Lawsuit Verdict Levied Against C.R. Bard in First Federal Bellwether Trial, Bernstein Liebhard LLP Reports 4Health News:Commercial Auto Insurance Provides Several Important Features! 2Health News:Study Shows Kyowa Hakko’s L-Citrulline May Help Reduce Gastrointestinal Injury During Strenuous Exercise 2Health News:Study Shows Kyowa Hakko’s L-Citrulline May Help Reduce Gastrointestinal Injury During Strenuous Exercise 3Health News:THE ROAD by Avasa & Matthew Love -- A New Album 2Health News:THE ROAD by Avasa & Matthew Love -- A New Album 3Health News:THE ROAD by Avasa & Matthew Love -- A New Album 4Health News:Find The Most Suitable Wedding Dress At JJsHouse.com 2
... European Urology , the official journal of the ... Holmberg comparing the results from the European Randomised Study ... from the Prostate, Lung, Colorectal and Ovarian Cancer Screening ... "The studies illustrate that the price to pay for ...
... Patents Issued , , DALLAS, June 29 ... announced today that its European partner, SpePharm ... in Greece. This follows previous commercial launches in Germany, ... SpePharm is responsible for manufacturing, regulatory approval and commercialization in ...
... (NYSE: HSP ), the world leader in generic ... Drug Administration (FDA) approval for a 500 mg vial of ... is a generic version of Pfizer,s Zithromax(R) for injection. U.S. ... $40 million in 2008. , , ADD-Vantage is ...
... , The International Diabetes Federation (IDF) today called for urgent ... between the use of insulin glargine (an insulin analogue) and ... June, 2009 in Diabetelogia , the journal of the ... online data published in Diabetelogia is based on ...
... June 29, 2009 As Viet Nam,s industrial capabilities ... recognized the importance of helping to secure the nation,s ... need, the Vietnamese Pharmacopoeia Commission (VPC) has signed a ... Convention. USP is a scientific nonprofit organization that sets ...
... June 29 Studies have determined certain nutrients have positive ... Vitamins C and E, found in high levels in the ... retina; and beta-carotene (which converts to Vitamin A), another strong ... Mountains Eye Study and the Age-Related Eye Disease Study, have ...
Cached Medicine News:Health News:Prostate screening studies reviewed in European Urology July issue 2Health News:Access Pharmaceuticals Announces Commercial Launch of MuGard(TM) in Greece by SpePharm 2Health News:Access Pharmaceuticals Announces Commercial Launch of MuGard(TM) in Greece by SpePharm 3Health News:Hospira Receives FDA Approval for Azithromycin for Injection 2Health News:Vietnamese drug authority teams with United States standards-setting organization 2Health News:Studies Indicate Good Nutrition Linked to Eye Health 2
(Date:1/23/2015)...  Mallinckrodt plc (NYSE: MNK ) announced today ... repurchase program. The open-ended authorization permits the company to ... shares. "Funding additional initiatives and seeking ... continue to pursue a range of focused growth strategies," ...
(Date:1/22/2015)... 2015  BiOptix is pleased to announce the appointment of ... Chemistry and Biochemistry. Scott joins the company after previous scientific ... throughout the course of his nearly 20 year career ... a nationally recognized thought leader in the biosensor field ...
(Date:1/22/2015)... MINNEAPOLIS , Jan. 22, 2015  Bio-Techne Corporation (NASDAQ: ... launched Ella, the first member of the new Simple ... ProteinSimple brand.  This launch represents the re-branding of the ... The Simple Plex platform is a transformative immunoassay technology ...
Breaking Medicine Technology:Mallinckrodt plc Announces Share Repurchase Program 2Mallinckrodt plc Announces Share Repurchase Program 3Mallinckrodt plc Announces Share Repurchase Program 4BiOptix Expands Leadership Team with the Appointment of Dr. Scott Klakamp as Vice President of Chemistry and Biochemistry 2Bio-Techne Launches Simple Plex Platform 2Bio-Techne Launches Simple Plex Platform 3
... N.J., Feb. 15, 2011 Daiichi Sankyo, Inc. (DSI), ... facility in Bethlehem Township, Pennsylvania from Amcor, a global ... leverage existing resources to more cost-effectively supplement its operations ... expected to be operational in the summer or early ...
... MAHWAH, N.J., Feb. 15, 2011 Stryker Corporation,s Orthopaedics ... most recognizable names and personalities in professional golf, has ... of the sport and current member of the PGA ... Triathlon ® Knee System in November 2009 and ...
Cached Medicine Technology:Daiichi Sankyo, Inc. Acquires First US-Based Packaging and Manufacturing Facility 2Fred Funk Becomes Spokesperson for Stryker Orthopaedics 2Fred Funk Becomes Spokesperson for Stryker Orthopaedics 3
... immunoassay system features an extensive menu, ... and excellent assay performance. The IMMULITE ... onboard dilutions, positive sample identification, and ... 1000 (and its predecessor, the IMMULITE) ...
AIA - Nex.IA immunoassay analyzer state of the art automation and flexibility for high throughput immunoassay testing...
... automated random access immunoassay testing, comes the AIA-600 ... proven reliability of Tosohs original AIA-600, is loaded ... and continuous process operation., Test Menu: ... FT3 FT4 T-Uptake TSH 3rd ...
AutoDelfia is an automatic immunoassay system aimed at larger and medium-sized routine diagnostics or population screening laboratories....
Medicine Products: