ONE Holdings (OTCBB: ONZE) Signs LOI to Purchase Jianou Lvjian; Increasing Revenues by $17 Million

ONE Holdings, Corp. (OTCBB: ONZE) an investment company, recently announced it has signed a letter of intent for the purchase of Jianou Lvjian Foods Stuff Co. Ltd (“JLF”).  The acquisition should increase Revenue, Operating Income and Net Income by $17m, $5.1m and $3.9m, respectively, based on 2008 results.

"ONE's planned acquisition of JLF, and our recent addition of Green Planet Bio, demonstrate the company's execution of its business plan which focuses on the acquisition in the Asia Pacific region of biotechnology companies and related assets," said ONE's President, Marius Silvasan. "Upon completion of the JLF acquisition, combined revenue, EBITDA, and Net Income for ONE Holdings would be increased to $27 million, $10 million and $7.7 million respectively based on 2008 results. We hope to close the JLF acquisition prior to the end of the third quarter. Such a closing would allow us to consolidate JLF's results in our third quarter and contribute to the delivery of record financial results by our company. JLF's management team includes some of the most prominent pioneers in the production of organic products based on bamboo. Post closing we plan to grow JLF organically and through strategic acquisitions," 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 certification from both Japan (JAS) and Europe (HACCP). 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 unaudited results include revenue, operating income and net income of $17.0 million, $5.1 million and $3.9 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 to support 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.

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