SOURCE: ONE Holdings Corp.

August 11, 2009 08:57 ET

ONE Holdings Appoints Former Siemens Executive as New CFO

ONE Recently Acquired Green Planet Increasing Revenue and Net Income by $10.4m and $3.3m Respectively

MIAMI, FL--(Marketwire - August 11, 2009) - ONE Holdings, Corp. (formerly Contracted Services, Inc.) (OTCBB: CSEV) ("ONE" or the "Company") (www.onehcorp.com), an investment company owning majority equity interest in core operating assets in Biotechnology located in the Asia Pacific region, is pleased to announce that it has appointed Cris Neely, former CFO of Siemens Enterprise Networks, to the position of Chief Financial Officer. ONE Holdings has also appointed Mr. Neely to its board of directors.

Mr. Neely has an extensive career in financial management for both medium and large cap companies. He comes to ONE Holdings from TelePlus World, Corp., a publicly traded telecommunications company, where he has been CFO since 2006. From 1999-2005, Mr. Neely was the CFO of Siemens Enterprise Networks located in Boca Raton, Florida. Mr. Neely also held various other executive positions with Siemens Enterprise Networks, including Senior Vice President Business Transformation, Director Internal Audit, and Director of Finance for Wireless Terminals and Area Financial Manager. In addition, Mr. Neely has held management positions with ROLM, IBM, and Cisco during his career. Mr. Neely holds a Bachelor of BA - Finance degree from the University of Texas at Arlington and an MBA from Amberton University.

"Following our recent acquisition of Green Planet Bio, we are pleased to add to the ONE Holdings team such a strong financial executive in Cris Neely. Cris brings us a wealth of experience in financial management and controls, public company reporting including Sarbanes-Oxley compliance, capital raising and corporate acquisitions. His strong background will help ONE execute on its strategy of acquiring and growing strong businesses to enhance shareholder value. I have worked closely with Cris since 2006 and welcome his insight and objectivity to the Board of Directors of ONE Holdings, Corp," said ONE President, Marius Silvasan. "We have embarked in an exciting journey that will position ONE as a strong biotechnology provider worldwide. Our focus in acquiring assets in the Asia-Pacific region will provide us with significant returns as the world economy recovers," added Mr. Silvasan.

About ONE Holdings, Corp.

ONE Holdings, Corp. ("ONE") (OTCBB: CSEV) (www.onehcorp.com), headquartered in Miami, FL, is an investment company owning majority equity interest in core operating assets in Biotechnology located in the Asia Pacific region. Through ONE, small private companies gain access to capital, experienced management and strategic insight. ONE intends to build strong synergies amongst all subsidiaries to enhance shareholder value. ONE is working with each subsidiary to promote organic and acquisition driven growth. ONE plans to leverage its financing and distribution subsidiaries to provide ONE's very profitable biotechnology businesses with growth capital and expanded distribution allowing them to achieve scale. As scale is achieved, ONE intends to bring each subsidiary public to maximize value to its investors.

This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). ONE Holdings, Corp. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the expectations contained in any such forward-looking statements. These risks include, but are not limited to: failure to manage operating expenses or integrate new companies and/or technologies, each of which could have a material impact on our business, our financial results, and the company's stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission. Most of these factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made and ONE Holdings, Corp. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

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