SOURCE: ONE Holdings, Corp.

September 30, 2009 08:50 ET

ONE Holdings Closes on Acquisition of Jianou Lujian

Acquisition to Immediately Increase Revenue, Operating Income and Net Income by $16.5m, $6m and $4.3m Respectively (Based on 2008 Audited Results)

MIAMI, FL--(Marketwire - September 30, 2009) - ONE Holdings, Corp. (OTCBB: ONEZ) ("ONE" or the "Company") (www.onehcorp.com), a company utilizing green processes specialized in the extraction of raw chemicals and herbal extracts, natural supplements and organic products with a focus on the Asia Pacific region, is pleased to announce it has closed effective September 27, 2009 on the acquisition of Jianou Lujian FoodsStuff Co. Ltd ("JLF") announced under a letter of intent August 18, 2009.

"Our objective was to close on the acquisition of JLF prior to the end of the third quarter and we did that. JLF is our third acquisition in the last three months. Through these initial key acquisitions we have set up a strong foundation and positioned ourselves with key operating assets which we expect will drive both strong organic and acquisition driven growth. Our focus is clear and is driven by our desire to acquire bioengineering companies located in the Asia Pacific region focused on chemical and herbal extracts, natural supplements and organic products," stated ONE's Vice Chairman and CEO, Marius Silvasan. "We have acquired in the last 3 months companies generating (based on their 2008 results) more than $50 million dollars in revenue, $11 million in operating income and $8 million in net income. Third quarter financial results will incorporate the results of our recently completed acquisitions and will have our company's financial picture completely transformed," added Mr. Silvasan.

JLF, located in China, is an award-winning green-technology enterprise that specializes in the highly profitable production of organic products and fertilizers based on bamboo. JLF's products reflect the growing global trend for organic food and health products. JLF holds lush bamboo land contracts of nearly 6,635 acres in Fujian province, one of China's largest bamboo growing areas. JLF is the third largest bamboo producer in China and is the first bamboo company in China to gain food safety certifications from China (HACCP), Japan (JAS) and Europe (EFSA). JLF was also the first company in China to formulate a "zero-to-zero" process starting from cultivation to distribution, and taking it further by developing organic fertilizers from bamboo skins to eliminate its waste. This led to JLF being named the "Forestry Enterprise of the Year" for 2009 in Fujian Province China. JLF's 2008 audited results include revenue, operating income and net income of $16.5 million, $6 million and $4.3 million respectively. During the first two quarters of 2009 JLF generated revenue, operating income and net income of $9 million, $3.2 million and $2.4 million, respectively.

"We are excited to join the ONE Holdings team. ONE adds industry knowledge, operating know-how, and valuable Wall Street connections to facilitate our access to funding required supporting our growth strategy," commented Mr. Jinrong Tang, Chairman of JLF. "JLF has delivered strong operating results in 2008 and continues to outperform into 2009. Our products are exceptional in quality, competitive in pricing and in growing demand, establishing a strong platform to support our growth efforts," added Mr. Tang.

Pursuant to the transaction ONE formed a new subsidiary called United Green Technology, Inc. ("UGTI"). Through a series of transactions, UGTI acquired effective control of the business and operations, and obtained control over with an irrevocable option to purchase the equity and/or assets of JLF. As consideration for the acquisition ONE paid (i) cash, (ii) 13,760,000 shares of ONE's common stock, and (iii) 20% of the issued and outstanding shares of common stock of UGTI. Also as part of the transaction, we entered into a Preferred Share Purchase Agreement with UGTI pursuant to which we acquired preferred shares of UGTI convertible into 20% equity of UGTI. As consideration we provided UGTI with 5,000 shares of ONE's preferred stock converting into 5,000,000 shares of ONE's common stock.

About ONE Holdings, Corp.

ONE Holdings, Corp. ("ONE") (OTCBB: ONEZ) (www.onehcorp.com) headquartered in Miami, FL, is a company utilizing green processes specialized in raw chemicals and herbal extracts, natural supplements and organic products. ONE is focused on the Asia Pacific region. Key products include widely recognized Solanesol, CoQ10, Resveratrol and 5-HTP, organic fertilizers, and organic bamboo health food and beverages. ONE's growth plan targets an aggressive acquisition driven strategy supported by strong organic growth. Through ONE, small private companies gain access to capital, experienced management and strategic insight. ONE builds strong synergies amongst all subsidiaries to enhance shareholder value. ONE is working with each subsidiary to promote organic and acquisition driven growth.

About Jianou Lujian FoodsStuff Co. Ltd ("JLF")

Jianou Lujian FoodsStuff Co. Ltd ("JLF"), located in China, is an award-winning green-technology enterprise that specializes in the highly profitable production of organic products and fertilizers based on bamboo. JLF's products reflect the growing global trend for organic food and health products. JLF holds lush bamboo land contracts of nearly 6,635 acres in Fujian province, one of China's largest bamboo growing areas. JLF is the third largest bamboo producer in China and is the first bamboo company in China to gain food safety certifications from China (HACCP), Japan (JAS) and Europe (EFSA). JLF was also the first company in China to formulate a "zero-to-zero" process starting from cultivation to distribution, and taking it further by developing organic fertilizers from bamboo skins to eliminate its waste. This led to JLF being named the "Forestry Enterprise of the Year" for 2009 in Fujian Province China.

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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