UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 000-26717
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q
[ ] Form N-SAR
For Period Ended: March 31, 2002
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:_______________________________________________
Read Instruction (on back of page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:_______________________
______________________________________________________________________________
______________________________________________________________________________
Part I. Registrant Information
Full name of registrant: Score One, Inc.
Former name if applicable: Aloha "The Breath of Life" Foundation, Inc.
Address of principal executive office (Street and number): Room 3402, Cable TV
Tower 9 Hoi Shing Road
City, State and Zip Code: Tsuen Wan, New Territories Hong Kong
Part II. Rule 12b-25 (b) and (c)
If the subject report could not be filed without reasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the 15th calendar day following the prescribed due
date; or the subject quarterly report or transition report on Form
10-Q, or portion thereof will be filed on or before the fifth calendar
day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
Part III. Narrative
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
Due to unanticipated delays in the collection and compilation
of the information required for the preparation of the registrant's
financial statements for the quarter ended March 31, 2002, the
registrant is unable to file its Form 10-QSB for the period ended March
31, 2002 within the prescribed time period without unreasonable effort
and expense.
Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Albert Chan 011-852 9528-8126
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(Name) (Area code) (Telephone number)
(2) Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
[X] Yes [ ] No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
The Company anticipates a significant change in our results
of operations from the corresponding period for the last
fiscal year will be reflected by our earnings statements
in our Form 10-QSB. This significant change is primarily
the result of the sale of 22% of our subsidiary Fu Cheong
International Holdings Ltd. As a result of this sale, as
of March 31, 2002, the Company had (i) net income available
the common stockholders of $3,708,250, as compared to
$1,165,782 the same period in 2001 (an increase of 218%);
(ii) earning per share of $14.88 (an increase of $10.20
from the corresponding period in 2001); and cash and
cash equivalents of $4,118,276 (an increase of $3,551,827
from March 31, 2001).
Score One, Inc.
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(Name of registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 16, 2002 By: /s/ Wing Cheong Ho
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Name: Wing Cheong Ho
Title: President and Chief Executive Officer