SOURCE: ONE Holdings, Corp.

October 28, 2009 08:50 ET

ONE Holdings Releases Proforma Consolidated Results for 2008 and 6 Months YTD

Recently Completed Acquisitions on a Consolidated Basis Delivered in Excess of $7.1 Million and $3.4 Million in Net Income for 2008 and 6 Months YTD Respectively

MIAMI, FL--(Marketwire - October 28, 2009) - ONE Holdings, Corp. (OTCBB: ONEZ), a green process manufacturer of high quality health supplements, organic fertilizers and pesticides, released today consolidated results for fiscal 2008 and 6 months YTD for its recently completed acquisitions.

Consolidated Proforma results for ONE's recently completed acquisitions indicate said acquisitions generated net income during 2008 and the first 6 months YTD in excess of $7.1 million and $3.4 million respectively. Operating income for 2008 and the first 6 months YTD reached $10.5 million and $5 million respectively. Revenue for 2008 and the first 6 months YTD was $35 million and $16.5 million respectively. Gross margin was 41% throughout.


                                     2008 Actual   2009 June YTD
                                    -------------  -------------
Revenue                             34,839,128.00  16,519,978.00
Cost                                20,534,124.00   9,670,733.00
                                    -------------  -------------
Gross Profit                        14,305,004.00   6,849,245.00
                                    -------------  -------------
Operating Expenses
    Selling Expense                    568,726.00     164,741.00
    Research and Development Exp.      444,404.00      73,039.00
    General and Administrative       2,821,996.00   1,541,224.00
                                    -------------  -------------
Total Operating Expense              3,835,126.00   1,779,004.00
                                    -------------  -------------
Operating Profit                    10,469,878.00   5,070,241.00
                                    -------------  -------------
    Other Income (Expense), Net        (53,056.00)      2,304.00
    Foreign Currency Gain/(loss)       250,770.00
    Interest Expense                  (312,672.00)    (70,329.00)
    Interest Income                     22,419.00       4,104.00
                                    -------------  -------------
Income Before Income Tax            10,377,339.00   5,006,320.00
Income Tax                           2,679,642.00   1,281,762.00
Minority Interest                      569,744.83     247,915.94
                                    -------------  -------------
Net Income                           7,127,952.17   3,476,642.06
                                    =============  =============

On a proforma consolidated balance sheet basis ONE's total assets including recently completed acquisitions reached in excess of $38 million as of June 30, 2009 with shareholder's equity reaching $28.5 million. Current assets to current liabilities displayed a healthy 2 to 1 ratio as of the same date.


Assets                                          June 30, 2009
                                                -------------
Cash and Cash Equivalents                        2,428,032.00
Trade accounts receivable, net                   9,063,447.00
Inventory                                        3,182,973.00
Loans Receivable                                 2,287,917.00
Prepaid Lease/expenses/other                     2,283,713.00
                                                -------------
         Total Current Assets                   19,246,082.00
Property, plant and equipment, net               5,101,377.00
Intangible Assets, Net                             445,936.00
Land Use Right                                   1,050,552.00
Deposit for Acquisition of Intangible Assets       439,500.00
Deposit for land lease                           5,551,660.00
Prepayments of Operating lease                   5,840,955.00
Restricted Cash                                    374,205.00
                                                -------------
                                                18,804,185.00
                                                -------------
Total Assets                                    38,050,267.00
                                                =============
Liabilities And Shareholders' Equity
Accounts Payable                                 1,185,152.00
Short-Term Loan                                  1,460,963.00
Tax Payable                                        935,286.00
Bank Notes Payable                               1,389,732.00
Deferred Revenue                                    62,995.00
Salary and Accrued Benefit Payable                  57,454.00
Demand Loan Payable                              3,917,305.00
Other Payables                                     283,322.00
                                                -------------
         Total Current Liabilities               9,292,209.00
Minority Interest                                  247,916.00
                                                -------------
         Total Liabilities                       9,540,125.00
                                                =============
Shareholders' Equity                            28,510,142.00
                                                -------------
Total Liabilities and Shareholders' Equity      38,050,267.00
                                                =============

"The consolidated proforma results we released today clearly indicate the value of the assets we recently acquired and their accretive value to our shareholders. Historically the second half of the year outperforms the first. 2009 YTD results put us in a very strong position to outperform last years' results," stated ONE's CEO Marius Silvasan.

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.

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"). Green Planet Bioengineering, Co., Ltd. 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 Green Planet Bioengineering, Co., Ltd. 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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