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

1,184,628 -- Minority Interest 363,277 329,304 Additional paid-in capital 1,142,854 884,681 Additional paid-in capital-stock options -- 18,651 Accumulated other comprehensive income 1,619,373 1,625,829 Retained earnings 12,642,130 12,757,564 Total Liabilities and Stockholders' Equity 21,163,706 21,315,772 Net sales 13,736,788 13,963,130 Cost of sales 4,028,853 4,119,490 Selling, General and administrative expenses 4,285,123 4,327,700 Other expenses 143,541 10,327 Minority interest (2,426) 108,481 Net income $5,160,496 $5,275,930 Net income per common share Basic $0.30 $0.45 Diluted $0.25 $0.36 Weighted average common share outstanding Basic 17,000,000 11,601,781 Diluted 20,360,000 14,478,589

The impact of this restatement on the balance sheets as originally reported as of August 31, 2008 and the statement of income for the three months ended August 31, 2008 is summarized below:

                                                       August 31, 2008
                                                As Reported      As Restated
    Property, plant and equipment, net          $14,420,836      $14,415,810

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SOURCE SOKO Fitness & Spa Group, Inc.
Copyright©2009 PR Newswire.
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