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(OTC Bulletin Board: SOKF), a leading operator of fitness clubsand spas in Northern China, today reported that the company is restatingfinancial statements for the year ended May 31, 2008 and the first quarterended August 31, 2008 to correct certain accounting errors discovered by theauditors.The company also announced it expects no changes to its currentyear-end guidance.The restatement includes:– The timing of revenue recognition for non-refundable membership fees from the Letian Yoga club, acquired in March 2008, has been moved from recognition upon collection to recognition on a straight-line basis of estimated membership life.– A non-cash adjustment relating to the reclassification of the of private placement warrants from liability to equity.– A non-cash adjustment to the number of warrants as issued to the placement agent according to the warrant agreement.– The reclassification of certain “other expenses” to more specific expense categories consistent with previous reporting.– The recalculation of basic weighted average common shares for the fiscal year ended May 31 from 17 million shares to approximately 11.6 million shares.Although SOKO ended the year with 17 million shares outstanding, the recalculation was necessary to account for a lower number of shares during the period when the reverse acquisition occurred.– There was also a recalculation of diluted weighted average common shares for the fiscal 2008 first quarter ended August 31 from approximately 20 million shares to approximately 14.5 million shares, again to account for a lower number of shares during the period when the reverse acquisition occurred.Additional information as follows:The non-refundable membership fee previously was recognized when it wascollected.Based on Staff Accounting Bulletin (“SAB”) 104, the Companyrevised its revenue recognition of non-refundable membership fee and initialnon-refundable membership fee is recognized on a straight-line basis ofestimated membership life.The warrants to investors were classified as liability and after furtherreview of EITF 00-19 and all the facts and circumstances associated with theissuance of the warrants to the investors, the warrants do not meet thecriteria to classify to liability.The Company has reclassified the warrantsas equity in the financial statements.The number of warrants issued to the placement agent has been revisedaccording to the warrant agreement.The other expense classification is not consistent with the classificationof fiscal year 2007 other expense, the company has reclassified sales tax fromother expenses to cost of sales and made other minor adjustments.Basic and diluted income per common share has been revised becauseincorrect calculation of weighted average common shares, the Company followsFASB 141 to recalculate the weighted-average number of common sharesoutstanding during the period in which the reverse acquisition occurred.The impact of this restatement on the financial statements as originallyreported as of May 31, 2008 is summarized below:May 31, 2008As Reported As RestatedProperty, plant and equipment, net$12,788,203 $12,782,918Goodwill1,348,359 1,505,710Total Assets 21,163,70621,315,772Unearned revenue445,684 514,965Warrant liability 1,184,628–Minority Interest 363,277 329,304Additional paid-in capital1,142,854 884,681Additional paid-in capital-stock options –18,651Accumulated other comprehensive income 1,619,373 1,625,829Retained earnings12,642,13012,757,564Total Liabilities and Stockholders’ Equity21,163,70621,315,772Net sales13,736,78813,963,130Cost of sales 4,028,853 4,119,490Selling, General and administrative expenses 4,285,123 4,327,700Other expenses143,54110,327Minority interest(2,426)108,481Net income $5,160,496$5,275,930Net income per common shareBasic $0.30 $0.45Diluted $0.25 $0.36Weighted average common share outstandingBasic17,000,00011,601,781Diluted20,360,00014,478,589The impact of this restatement on the balance sheets as originallyreported as of August 31, 2008 and the statement of income for the threemonths ended August 31, 2008 is summarized below: August 31, 2008As ReportedAs RestatedProperty, plant and equipment, net$14,420,836$14,415,810Goodwill2,361,5692,521,210Total Assets 23,742,942 23,897,557Unearned revenue1,429,3471,671,654Warrant liability 1,184,628 –Minority Interest 387,548257,997Additional paid-in capital966,640884,681Additional paid-in capital-stock options — 18,651Additional paid-in capital-warrant –1,279,398Accumulated other comprehensive income1,886,3471,886,789Retained earnings14,428,560 14,400,905Total Liabilities and Stockholders’ Equity23,742,942 23,987,557Net sales 4,448,3954,276,867Cost of sales 971,841971,841Selling, General and administrative expenses 1,595,5001,595,500Other expenses 61,324116,934Minority interest 8,169 75,880Net income $1,786,430 $1,643,341Net income per common share Basic$0.11$0.10 Diluted$0.09$0.10Weighted average common share outstanding Basic 17,000,000 17,000,000 Diluted 20,389,348 17,000,000About SOKO Fitness & Spa Group, Inc.:SOKO Fitness & Spa Group, Inc., is a leading operator of fitness clubs andspas in Northeast China.The Company provides programs, services, andproducts uniquely combined with exercise, education, and nutrition to helptheir members lead a healthy life and achieve their fitness goals.Forfurther information, please go to .Safe Harbor StatementThis announcement contains forward-looking statements.These statementsare made under the “safe harbor” provisions of the U.S . Private SecuritiesLitigation Reform Act of 1995.These forward-looking statements can beidentified by words or phrases such as “will,” “expects,” “anticipates,”"future,” “intends,” “plans,” “believes,” “estimates” and similar statements.Among other things, the business outlook and quotations from management inthis press release contain forward-looking statements.Statements that arenot historical facts, including statements about SOKO’s beliefs andexpectations, are forward-looking statements.Forward-looking statementsinvolve inherent risks and uncertainties.A number of important factors couldcause actual results to differ materially from those contained in any forward-looking statement.SOKO does not undertake any obligation to update anyforward-looking statement, except as required under applicable law.For more information, please contact: The U.S man pearljam . Office: Mu Yan Tel: +1-484-716-1081 Email: China Office: Yu Xia Tel: +86-451-8770-2255 Email: SOURCESOKO Fitness & Spa Group, Inc.Mu Yan, +1-484-716-1081, and Yu Xia, +86- 451-8770-2255,, both of SOKO Fitness & Spa Group, Inc. for pearljam . ST LOUIS, Jan . 14 /PRNewswire-FirstCall/ — Monsanto Company (NYSE: MON)announced today that at its annual shareowners meeting, shareowners electedfour members of its board of directors to new terms:– Janice L Fields– Hugh Grant– C Steven McMillan– Robert J.

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