SOURCE: ONE Holdings, Corp.

August 03, 2009 12:12 ET

UPDATE: ONE Holdings Selects Experienced Veteran to Run Asia-Pacific Operations

ONE Recently Closed on Green Planet Acquisition Increasing Revenue and Net Income by $10.4m and $3.3m Respectively

MIAMI, FL--(Marketwire - August 3, 2009) - ONE Holdings, Corp. (OTCBB: CSEV) ("ONE" or the "Company"), a diversified investment company that owns a majority equity interest in private and publicly listed companies, announced the appointment of Jeanne Chan to the position of Senior Vice President, Asia.

Ms. Chan is a senior executive with an extensive 17-year experience in business with focus in sales, marketing and business development. Ms. Chan held various senior executive positions including President, Asia for Abacus World, Corp. from 2008 to current, Vice-President of retail sales and Director of investor relations for TelePlus World, Corp. from 1999 to 2008, Vice President of iCall Communications Inc. from 1994 to July 1999 and Vice President sales and marketing of Unilink Telecom Inc. from 1990 to 1994. Ms. Chan is a graduate from University of Toronto with a BA in economics.

Ms. Chan's appointment follows Monday's announcement that the Company acquired majority control of Green Planet Bioengineering, Co., Ltd. ("Green Planet") (http://www.greenplanetbio.com). Green Planet is a publicly traded company on the OTCBB under the symbol GPLB.OB. Green Planet through its Chinese subsidiary is a high-tech bioengineering enterprise that engages in research and development, production and sale of various extracts from tobacco leaf residues destined for health and beauty products. Green Planet is headquartered in Miami, FL with its main operation located in Sanming and Fuzhou, China. Green Planet's 2008 full year results include revenue, EBITDA and net income of $10.4 million, $5.0 million and $3.3 million respectively. In 2009 Green Planet is forecasting revenue, EBITDA and net income of $13.5 million, $6.9 million and $4.8 million.

"Jeanne's addition to our team strengthens our management group in Asia, which is a key region in our future development. We are focused on an acquisition driven strategy and the Asia Pacific - China regions are of interest to us. China has remained the only economy with continued strength in GDP ('Gross Domestic Product') growth and we believe this trend to accelerate as the world economy recovers. This should be very helpful as we continue to locate strategic growth opportunities in the Asia region," said ONE President, Marius Silvasan.

About ONE Holdings, Corp.

ONE Holdings, Corp. ("ONE") (OTCBB: CSEV) (www.onehcorp.com), headquartered in Miami, FL, is a diversified investment company that was formed to own majority equity interest in private and publicly listed companies involved in bioengineering, finance, technology and distribution. 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 bioengineering and technology 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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