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SOKO Fitness & Spa Group Announces Record Financial Results for Fiscal Year; Sets Conference Call to Discuss Results
Date:9/1/2009

Cash Flows From Investing Activities: Addition in construction in progress (5,312,845) (2,665,759) Purchase of property and equipment (3,061,979) (3,293,245) Proceeds received from disposal of fixed assets 1,316 Investment in subsidiary -- (1,687,408) Cash acquired from subsidiaries 97,594 124,447 Investment advance (399,750) (1,090,545) Cash used in investing activities (8,675,665) (8,612,510) Cash Flows From Financing Activities: Proceeds from capital contribution -- 1,000,000 Net proceeds from issuance of common stock -- 1,327,500 Proceeds from short-term loan 2,196,795 2,409,815 Repayment of short-term loan (2,588,227) -- Cash provided by (used in) financing activities (391,432) 4,737,315 Effect of exchange rate changes on cash and cash equivalents 26,005 133,316 Increase in cash and cash equivalents 343,931 1,107,594 Cash and Cash Equivalents - Beginning of the year 1,563,709 456,115 Cash and Cash Equivalents - Ending of the year $ 1,907,640 $ 1,563,709 Supplemental disclosures of cash flow information: Interest paid $ 66,121 $ 49,042 Income Taxes paid $ 74,135 $ 9,427 Non-cash investing and financing activities: Option issued for directors $ 109,898
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SOURCE SOKO Fitness & Spa Group, Inc.
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