**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**








x
      QUARTERLY REPORT UNDER
      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly
      period ended June 30, 2006.





o
      TRANSITION REPORT UNDER
      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition
      period from ____ to ____.








Commission
      File Number 000-26717








**Score
      One, Inc.**


(Name
      of
      small business issuer in its charter)







**Nevada**
              **88-0409164**(State
                  or other jurisdiction of incorporation)
              (I.R.S.
                  EmployerIdentification
                  No.)


**Suites
      2203-06, Level 22, Office Tower, Langham Place, 8 Argyle Street, Mongkok,**


**Kowloon,
      Hong Kong**





(Address
      of principal executive offices)








011
      852
      3105 5063


(Issuer’s
      telephone number)





Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 12 months (or such shorter period
      that
      the issuer was required to file such reports), and (2) has been subject to
      such
      filing requirements for the past 90 days. Yes o No x





The
      number of shares of common stock, par value $.001 per share, outstanding of
      the
      issuer as of August 1, 2006 was 31,162,902 shares.





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). Yes o No x





Transitional
      small business disclosure format (check one) Yes o No x







**TABLE
      OF CONTENTS**


PART
                  IItem
                  1.
              Consolidated
                  Financial Statements
              1Item
                  2.
              Management's
                  Discussion and Analysis of Financial
              6Condition
                  and Results of OperationsItem
                  3.
              Controls
                  and Procedures
              11PART
                  IIItem
                  1.
              Legal
                  Proceedings
              11Item
                  2.
              Unregistered
                  Sales of Equity Securities and Use of Proceeds
              11Item
                  3.
              Defaults
                  Upon Senior Securities
              11Item
                  4.
              Submission
                  of Matters to a Vote of the Shareholders
              12Item
                  5.
              Other
                  Information
              12Item
                  6.
              Exhibits
              13SIGNATURES
              14










DOCUMENTS
      TO BE INCORPORATED BY REFERENCE





The
      following documents are incorporated by reference herein: (i) Score One, Inc.’s
      Registration Statement No. 000-26717 on Form 10-SB as filed July 15, 1999,
      (ii)
      Score One, Inc.’s Report on Form 8-K as filed March 15, 2000, (iii) Score One’s
      Report on Form 10-KSB as filed April 16, 2002, (iv) Score One, Inc.’s Report on
      Form 10-QSB as filed August 15, 2002, (v) Score One, Inc.’s Report on Form 8-K
      as filed November 15, 2002, (vi) Score One, Inc.’s Report on Form 8-K as filed
      March 31, 2006, (vii) Score One, Inc.’s Report of Form 8-K filed April 11, 2006
      (viii) Score One, Inc.’s Definitive Schedule 14A as filed August 6, 2002 (ix)
      the Company’s Report on Form 10-KSB as filed April 17, 2006, (x) the Company’s
      registration statement on Form S-8 as filed July 31, 2006.







**ITEM
      1. FINANCIAL STATEMENTS.**




Score
        One, Inc. and subsidiaries
 Condensed
        Consolidated Balance Sheet (unaudited, in USD)
 As
        of
        June 30, 2006


AssetsCurrent
                AssetsCash
                and bank balances
            
            
            26,370Account
                Receivable
            
            
            200,000Total
                current assets
            
            
            226,370Intangible
                assets
            
            
            35,764Total
                assets
            
            
            262,134Liabilities
                and Stockholders' EquityCurrent
                liabilitiesAccrued
                expenses
            
            
            3,385Other
                payable
            
            
            73Income
                tax payable
            
            
            846Total
                current liabilities
            
            
            4,304Minority
                interests
            
            
            8,816Stockholders'
                equityPreferred
                stock5,000,000
                shares authorized, $0.001 par value,Series
                A convertible, authorized 500,000 shares,138,181
                Class A issued and outstandingSeries
                B convertible, authorized 57,000 shares,no
                shares issued and outstanding
            
            
            138Common
                stock50,000,000
                shares authorized, $0.001 par value,31,162,902
                shares issued and outstanding
            
            
            31,163Additional
                paid-in-capital
            
            
            270,000Accumulated
                losses
            
            
            (52,287
            )Total
                stockholders' equity
            
            
            249,014Total
                liabilities and stockholders' equity
            
            
            262,134





The
      accompanying notes are an integral part of these financial
      statements.




1


Score One, Inc. and subsidiaries  Condensed Consolidated Statements
      of Operations (unaudited, in
      USD)  For the three and six months ended June
      30





Six
                months
            
            Six
                months
            
            Three
                months
            
            Three
                monthsended
            
            ended
            
            ended
            
            endedJune
                30, 2006
            
            June
                30, 2005
            
            June
                30, 2006
            
            June
                30, 2005Net
                sales and service income
            
            
            294,083
            
            
            —
            
            
            294,083
            
            
            —Cost
                of sales
            
            
            (14,303
            )
            
            —
            
            
            (14,303
            )
            
            —Gross
                profit
            
            
            279,780
            
            
            —
            
            
            279,780
            
            
            —Common
                stock issued for service
            
            
            (300,000
            )
            
            
            
            
            (300,000
            )Other
                general and administrative expenses
            
            
            (31,850
            )
            
            —
            
            
            (21,260
            )
            
            —Loss
                from operations
            
            
            (52,070
            )
            
            —
            
            
            (41,480
            )
            
            —Income
                tax
            
            
            —
            
            
            —
            
            
            —
            
            
            —Loss
                before minority interests
            
            
            (52,070
            )
            
            —
            
            
            (41,480
            )
            
            —Minority
                interests
            
            
            1,184
            
            
            —
            
            
            1,184
            
            
            —Net
                loss
            
            
            (50,886
            )
            
            —
            
            
            (40,296
            )
            
            —Net
                loss per share-
                basic and diluted
            
            $
            (0.00
            )
            $
            —
            
            $
            —
            
            $
            —Weighted
                average of number of shares-
                basic
            
            
            16,162,902
            
            
            1,162,902
            
            
            31,162,902
            
            
            1,162,902-
                diluted
            
            
            16,301,083
            
            
            1,301,083
            
            
            31,301,083
            
            
            1,301,083








The
      accompanying notes are an integral part of these financial
      statements.




2


Score One, Inc. and subsidiaries  Condensed Consolidated Statements
      of Cashflows (unaudited, in
      USD)  For the six months ended June 30





INCREASE
                (DECREASE) IN CASH AND CASH EQUIVALENTS2006
            
            2005Cash
                flows provided by operating activities:Net
                loss
            
            $
            (50,886
            )
            $
            —Adjustments
                to reconcile net (loss) to cash
                used in operating activities:Common
                stock issued for services
            
            
            300,000
            
            
            —Minority
                interests
            
            
            (1,184
            )
            
            —Changes
                in assets and liabilities:Increase
                in assetsAccount
                receivable
            
            
            (200,000
            )
            
            —Intangible
                assets
            
            
            (35,764
            )
            
            —Increase/(decrease)
                in liabilitiesAccrued
                expenses
            
            
            3,385
            
            
            —Other
                payable
            
            
            (4,927
            )
            
            —Income
                tax payable
            
            
            846Total
                adjustments
            
            
            62,356
            
            
            —Net
                cash provided by operating activities
            
            
            11,470
            
            
            —Financing
                activities:Minority
                interests
            
            
            10,000
            
            
            —Net
                increase in cash
            
            
            21,470
            
            
            —Cash,
                beginning of period
            
            
            4,900
            
            
            —Cash,
                end of period
            
            $
            26,370
            
            $
            —Supplemental
                disclosure of cashflow information:Interest
                paid
            
            $
            —
            
            $
            —Tax
                paid
            
            $
            —
            
            $
            —Non-cash
                financing activities:Common
                stock issued for service
            
            $
            300,000
            
            $
            —




The
      accompanying notes are an integral part of these
      financial statements.


3


SCORE
      ONE, INC. (THE “COMPANY”)


CONDENSED
      NOTES TO THE FINANCIAL STATEMENTS


JUNE
      30,
      2006 (UNAUDITED)







NOTE
      1 -
      ORGANIZATION AND OPERATIONS





The
      interim financial statements of the Company for the six months ended June 30,
      2006 were not audited. The financial statements are prepared in accordance
      with
      the requirements for unaudited interim periods, and consequently do not include
      all disclosures required to be in conformity with accounting principles
      generally accepted in the United States of America.





These
      consolidated financial statements reflect all adjustments that, in the opinion
      of management, are necessary to present fairly the results of operations for
      the
      interim periods presented. All adjustments are of a normal recurring nature,
      unless otherwise disclosed.





NOTE
      2 -
      SUMMARY OF ACCOUNTING POLICIES





A
      summary
      of the Company's significant accounting policies applied in the preparation
      of
      the accompanying financial statements follows.





Revenue
      recognition





Revenue
      is recognized on the sale and transfer of goods and the completion of consulting
      services provided. Provisions for discounts to customers, estimated returns
      and
      allowances and other price or sales rebates adjustments are provided for in
      the
      same periods the related revenue is recorded which are deducted from the gross
      sales.





Estimates
      and assumptions





The
      preparation of financial statements inconformity with generally accepted
      accounting principles requires management to make estimates and assumptions
      that
      affect the reported amounts of assets and liabilities, revenue recognition,
      allowance for doubtful accounts, long lived assets impairment, inventories,
      and
      disclosure of contingent assets and liabilities, at the date of the financial
      statements, as well as the reported amounts of revenues and expenses during
      the
      reporting period. Actual results could differ from these estimates.





Recent
      accounting pronouncements





Management
      does not expect that the adoption of other recent accounting pronouncements
      to
      have a material impact on its financial statements.





Earnings
      Per Share





In
      accordance with SFAS No. 128, “Earnings per Share,” the basic earnings (loss)
      per common share is computed by dividing net earnings available to common
      stockholders by the weighted average number of common shares outstanding.
      Diluted earnings (loss) per common share is computed similarly to basic earnings
      (loss) per common share, except that the denominator is increased to include
      the
      number of additional common shares that would have been outstanding if the
      potential common shares had been issued and if the additional common shares
      were
      dilutive. As of June 30, 2006, the Company did not have any dilutive common
      stock equivalents save for the Series A Convertible Preferred Stock issued
      and
      outstanding.





4


**NOTE
      3 – SUBSEQUENT EVENTS**





On
      April
      9, 2006, the Company entered into a Sale and Purchase Agreement (the “Sale and
      Purchase Agreement”) with RC Capital, Dalian Fengming International Recreation
      Town Co., Ltd. (“Dalian Fengming”) and Ms. Hoi-ho Kiu, CEO of the Company, which
      sets forth the terms and conditions of the acquisition of Dalian Fengming
      International Recreation Town Phase II (“Recreation Town”) in exchange for
      28,000,000 shares of common stock in the Company. The transaction is
      contemplated to be closed on or before July 31, 2006.





Recreation
      Town is a piece of undeveloped land of 1,000,000 square meters located in a
      peninsula in Dalian, China. Recreation Town was part of a large resort project
      originally planned to be developed by Dalian Fengming in 1992 which was never
      started due to lack of financing for development. According to Dalian Fengming,
      the current market value of Recreation Town is approximately RMB 600 million
      (approximately $75,000,000).





There
      were never any operations conducted with Recreation Town. The Company plans
      to
      commence the development of Recreation Town in the near future. Accordingly,
      it
      is actively seeking equity and/or debt financing in an amount up to $25,000,000,
      in order to finance the anticipated development costs.





Pursuant
      to the Agreement, the Company shall issue 18,000,000 shares and 10,000,000
      shares of common stock to Ms. Hoi-ho Kiu and Dalian Fengming, respectively.
      The
      total fair market value of such shares is considered to be $75,000,000. As
      of
      August 1, 2006, this transaction has not yet closed.





On
      July
      20, 2006, the authorized shares of Common Stock of the Company were increased
      from 50,000,000 to 200,000,000.





On
      July
      31, 2006, the Company filed a Form S-8 Registration Statement relating to the
      issuance of securities pursuant to the 2006 Incentive and Nonstatutory Stock
      Option Plan adopted by the board of directors on July 12, 2006 up to 6,000,000
      shares.





5


**FORWARD
      LOOKING STATEMENTS**





THE
      FOLLOWING INFORMATION CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS OF OUR
      MANAGEMENT. FORWARD-LOOKING STATEMENTS ARE STATEMENTS THAT ESTIMATE THE
      HAPPENING OF FUTURE EVENTS AND ARE NOT BASED ON HISTORICAL FACT. FORWARD-LOOKING
      STATEMENTS MAY BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, SUCH
      AS
      "MAY," "COULD," "EXPECT," "ESTIMATE," "ANTICIPATE," “PLAN,” "PREDICT,"
      "PROBABLE," "POSSIBLE," "SHOULD," "CONTINUE," OR SIMILAR TERMS, VARIATIONS
      OF
      THOSE TERMS OR THE NEGATIVE OF THOSE TERMS. THE FORWARD-LOOKING STATEMENTS
      SPECIFIED IN THE FOLLOWING INFORMATION HAVE BEEN COMPILED BY OUR MANAGEMENT
      ON
      THE BASIS OF ASSUMPTIONS MADE BY MANAGEMENT AND CONSIDERED BY MANAGEMENT TO
      BE
      REASONABLE. OUR FUTURE OPERATING RESULTS, HOWEVER, ARE IMPOSSIBLE TO PREDICT
      AND
      NO REPRESENTATION, GUARANTY, OR WARRANTY IS TO BE INFERRED FROM THOSE
      FORWARD-LOOKING STATEMENTS.





**ITEM
      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
      OPERATIONS**





**Overview**





The
      following discussion and analysis should be read in conjunction with the
      financial statements, including the notes thereto, appearing elsewhere in this
      report.





**General**





The
      Company was incorporated in the State of Nevada on June 7, 1996.





The
      Company was formerly in the printed circuit board manufacture business but
      did
      not have any business operations since March 25, 2003 . As of March 25, 2003,
      the Board of Directors determined to dispose of Advanced Technology, a
      wholly-owned subsidiary, by transferring to I.World Limited, the 82% shareholder
      of the Company, all of the Advanced Technology securities held by the Company
      in
      exchange for all of the securities of the Company held by I.World Limited (for
      cancellation). The exchange transaction closed as of March 25, 2003. After
      the
      exchange transaction closed, the Company did not have any business operations
      until late 2005.





On
      October 21, 2005, the Company entered into a Business Restructuring Agreement
      (“The Agreement”) with Team Allied Profits Limited, a British Virgin Islands
      corporation (the “Consultant”). The Consultant was engaged by the Company to
      provide business restructuring services in order to solicit suitable businesses
      in Hong Kong or China with net asset values not less than $4,000,000 for
      acquisitions by the Company in order to restructure its business
      operations.





On
      February 7, 2006, the Company purchased a Hong Kong corporation called RC
      Capital Limited (“RC Capital”) for $1.00 as a wholly-owned subsidiary. RC
      Capital was a dormant company with no assets and liabilities and was formerly
      known as Richley (China) Limited. There is no written agreement for the purchase
      of RC Capital. RC Capital is currently the Company’s wholly owned operating
      subsidiary.




6


On
      April
      9, 2006, the Company entered into a Sale and Purchase Agreement with RC Capital,
      Dalian Fengming International Recreation Town Co., Ltd. (“Dalian Fengming”) and
      Ms. Hoi-ho Kiu, CEO of the Company, which sets forth the terms and conditions
      of
      the acquisition of Dalian Fengming International Recreation Town Phase II
      (“Recreation Town”) in exchange for 28,000,000 shares of common stock in the
      Company. As of August 1, 2006, this transaction has not yet closed.





On
      April
      20, 2006, RC Capital purchased 3,000,000 shares of common stock of Automated
      Fabrication Systems Corporation (“AFS”), a British Virgin Islands corporation,
      for $0.01 per share for a total of $30,000 in cash and AFS became our 75%
      indirectly owned subsidiary. On April 20, 2006, AFS was a holding company with
      no operations. On April 22, 2006, AFS paid $38,000 cash, principally from
      proceeds of its share sale, to the stockholders of Sino Asia Solution Limited,
      a
      Hong Kong corporation (“SAS”) to acquire 100% of the issued and outstanding
      common stock of SAS. This transaction was closed on April 25, 2006. There was
      no
      written agreement entered between AFS and the then stockholders of SAS, other
      than Instruments of Transfer of 200,000 shares, constituting 100% of the
      outstanding shares of SAS.




**Plan
      of Operations**





Recreation
      Town is a piece of undeveloped land of 1,000,000 square meters located in a
      peninsula in Dalian, China. Recreation Town was part of a large resort project
      originally planned to be developed by Dalian Fengming in 1992 which was never
      started due to lack of financing for development. According to Dalian Fengming,
      the current market value of Recreation Town is approximately RMB 600 million
      (approximately $75,000,000).





There
      were never any operations conducted with Recreation Town. The Company plans
      to
      commence the development of Recreation Town in the near future. Accordingly,
      it
      is actively seeking equity and/or debt financing in an amount up to $25,000,000,
      in order to finance the anticipated development costs.





The
      Company, through its new subsidiary, RC Capital, is offering the following
      services to clients in Hong Kong and China:





1.
            merger
                and acquisitions business
                opportunities;


2.
            equity
                or debt financing opportunities;


3.
            introduction
                of Hong Kong and/or United States listing professional parties including
                legal firms and accounting firms; and


4.
            financial
                reporting consultancy services for Hong Kong and/or United States
                listings.





As
      of the
      date of this Report, RC Capital has successfully been engaged as financial
      consultant of one client in China to provide the above services and recorded
      revenues in this quarter. It is actively negotiating with another Malaysian
      client to provide our services.





As
      of the
      date of this Report, RC Capital, with the assistance from Team Allied Profits
      Limited, is negotiating a real estate project in Shanghai, China which may
      be
      suitable acquisition candidate for the Company. If this acquisition is
      successful, the Company will be required to raise additional funds to the extent
      of $3 billion in the next 36 months for development costs of this real estate
      project.





7


Management
      does not expect that the Company will incur significant research and development
      costs.





SAS,
      the
      wholly owned subsidiary of AFS, plans to commence business operations for the
      target market of Mainland China. In the near future, SAS plans to translate
      its
      iRSS System into Chinese Upgraded Version. Accordingly, it is actively seeking
      equity financing in an amount up to $2,000,000, in order to finance the
      anticipated research and development costs.





**Results
      of Operations**




The
      following table sets forth, for the periods indicated, the Company’s selected
      financial information:




Three
                Months Ended June 30, 2006
              (Unaudited)
            Three
                Months Ended June 30, 2005
              (Unaudited)
            Six
                Months Ended
              June
                30, 2006
              (Unaudited)
            Six
                Months Ended
              June
                30, 2005
              (Unaudited)Statement
                of Operations Data:Revenue
            $294,083
            $-0-
            $294,083
            $-0-(Net
                Loss)
            (40,296)
            -0-
            (50,886)
            -0-(Net
                Loss) Per Share
            (0.00)
            (0.00)
            (0.00)
            (0.00)Balance
                Sheet Data:Total
                Assets
            $262,134
            $-0-
            $262,134
            $-0-Total
                Current Liabilities
            4,304
            -0-
            4,304
            -0-Accumulated
                Deficit
            (52,287)
            -0-
            (52,287)
            -0-Stockholders’
                Equity
            249,014
            -0-
            249,014
            -0-





**Three
      months ended June 30, 2006 as compared to three months ended June 30, 2005
      (Unaudited)**





Revenues




The
      Company did not have any revenues in the three months ended June 30, 2005
      because the Company was **** not
      had
      any business operations since March 25, 2003 up to late 2005. After the
      acquisition of RC Capital on February 7, 2006, AFS on April 20, 2006 and SAS
      on
      April 25, 2006, the Company started to generate revenues for the three months
      ended June 30, 2006 and recorded net revenue of $294,083.





Cost
      of Sales




The
      Company did not have a cost of sales for the three months ended June 30, 2005
      because the Company was not had any business operations since March 25, 2003
      up
      to late 2005. After the acquisition of RC Capital on February 7, 2006, AFS
      on
      April 20, 2006 and SAS on April 25, 2006, the Company incurred cost of goods
      sold for the three months ended June 30, 2006 of $14,303.





8


Operating
      Expenses




During
      the three months ended June 30, 2006, the Company issued 30,000,000 shares
      of
      our Common Stock to Team Allied Profits Limited in consideration of business
      restructuring service provided. The fair market value of such shares at the
      time
      of issuance was $0.01 per share, amounting to a total of $300,000. The Company’s
      other general and administrative expenses increased to $21,260 during the three
      months ended June 30, 2006 after the acquisition of RC Capital, AFS and SAS.




Income
      Taxes




The
      Company was not required to pay any income taxes during its last fiscal year
      as
      it did not have any income. Management of the Company believes that it will
      have
      to pay income taxes during the year ending December 31, 2006 because RC Capital
      and SAS are currently subject to a standard Hong Kong profits tax rate of 17.5%
      on its net assessable profits.





Net
      Loss




Net
      loss
      for the three months ended June 30, 2005 was nil because the Company did not
      have any business operations since March 25, 2003 up to late 2005 as compared
      to
      a net loss of $40,296 for the three months ended June 30, 2006 after the
      acquisition of RC Capital, AFS and SAS. Management attributes the loss for
      the
      three months ended June 30, 2006 to the expenses incurred related to common
      stock issued for service of $300,000. If we exclude this $300,000 expense,
      the
      Company in fact recorded a net income of $259,704 for the three months ended
      June 30, 2006.




**Six
      Months ended June 30, 2006 as compared to six months ended June 30, 2005
      (Unaudited)**





Revenues




The
      Company did not have any revenues in the six months ended June 30, 2005 because
      the Company was **** not
      had
      any business operations since March 25, 2003 up to late 2005. After the
      acquisition of RC Capital on February 7, 2006, AFS on April 20, 2006 and SAS
      on
      April 25, 2006, the Company started to generate revenues for the six months
      ended June 30, 2006 and recorded net revenue of $294,083.





Cost
      of Sales




The
      Company did not have a cost of sales for the six months ended June 30, 2005
      because the Company was not had any business operations since March 25, 2003
      up
      to late 2005. After the acquisition of RC Capital on February 7, 2006, AFS
      on
      April 20, 2006 and SAS on April 25, 2006, the Company incurred cost of goods
      sold for the six months ended June 30, 2006 of $14,303.







9


Operating
      Expenses




During
      the six months ended June 30, 2006, the Company issued 30,000,000 shares of
      our
      Common Stock to Team Allied Profits Limited in consideration of business
      restructuring service provided. The fair market value of such shares at the
      time
      of issuance was $0.01 per share, amounting to a total of $300,000. The Company’s
      other general and administrative expenses increased to $31,850 during the six
      months ended June 30, 2006 after the acquisition of RC Capital, AFS and SAS.




Income
      Taxes




The
      Company was not required to pay any income taxes during its last fiscal year
      as
      it did not have any income. Management of the Company believes that it will
      have
      to pay income taxes during the year ending December 31, 2006 because RC Capital
      and SAS are currently subject to a standard Hong Kong profits tax rate of 17.5%
      on its net assessable profits.





Net
      Loss




Net
      loss
      for the six months ended June 30, 2005 was nil because the Company did not
      have
      any business operations since March 25, 2003 up to late 2005 as compared to
      a
      net loss of $50,886 for the six months ended June 30, 2006 after the acquisition
      of RC Capital, AFS and SAS. Management attributes the loss for the six months
      ended June 30, 2006 to the expenses incurred related to common stock issued
      for
      service of $300,000. If we exclude this $300,000 expense, the Company in fact
      recorded a net income of $249,114 for the six months ended June 30,
      2006.




Liquidity
      And Capital Resources




The
      Company had cash or cash equivalents of $26,370 at June 30, 2006 as a result
      of
      the acquisition of RC Capital, AFS and SAS compared to no cash or cash
      equivalents at June 30, 2005 when the Company merely did not have any business
      operations since March 25, 2003 up to late 2005. Net cash provided by operations
      amounted to $11,470 for the six months ended June 30, 2006.




As
      shown
      in the accompanying financial statements, now that the Company has acquired
      RC
      Capital, SAS and AFS, its working capital surplus has improved significantly
      to
      $222,066 as of June 30, 2006. The Company may require additional financing
      in
      order to implement its various business plans through third party financing
      in
      the form of equity or debt financing. Particularly in light of the Company’s
      limited operating history, there can be no assurance that the Company will
      be
      able to obtain the necessary additional capital on a timely basis or on
      acceptable terms, if at all. In any such event, the Company’s growth and
      prospects would be materially and adversely affected. As a result of any such
      financing, the Company’s shareholders may experience substantial dilution. In
      addition, results may be negatively impacted as a result of political and
      economic factors beyond management’s control, as China is still a developing
      country and the Company’s capital requirements may increase.





**Critical
      Accounting Estimates**





The
      preparation of our financial statements in conformity with accounting principles
      generally accepted in the United States of America requires our management
      to
      make certain estimates and assumptions that affect the reported amounts of
      assets and liabilities and disclosure of contingent assets and liabilities
      at
      the date of the financial statements and the reported amounts of revenues and
      expenses during the reporting period. As such, in accordance with the use of
      accounting principles generally accepted in the United States of America, our
      actual realized results may differ from management’s initial estimates as
      reported. A summary of our significant accounting policies are detailed in
      the
      notes to the financial statements which are an integral component of this
      filing.





10


**Off-Balance
      Sheet Arrangements**





The
      Company does not have any off-balance sheet arrangements that have or are
      reasonably likely to have a current or future effect on the Company’s financial
      condition, changes in financial condition, revenues or expenses, results of
      operations, liquidity, capital expenditures or capital resources that are
      material to investors.




**ITEM
      3. CONTROLS AND PROCEDURES**





Our
      Chief
      Executive Officer and Chief Financial Officer (the “Certifying Officers”) are
      responsible for establishing and maintaining disclosure controls and procedures
      for the Company. The Certifying Officers have designed such disclosure controls
      and procedures to ensure that material information is made known to them,
      particularly during the period in which this report was prepared. The Certifying
      Officers have evaluated the effectiveness of the Company’s disclosure controls
      and procedures as of the end of the period covered by this report and believe
      that the Company’s disclosure controls and procedures are effective based on the
      required evaluation. During the period covered by this report, there were no
      changes in internal controls that materially effected, or are reasonably likely
      to materially affect, the Company’s internal control over financial
      reporting.





**PART
      II**





**ITEM
      1. LEGAL PROCEEDINGS**





To
      the
      best knowledge of management, there are no legal proceedings pending or
      threatened against the Company.





**ITEM
      2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
      PROCEEDS**





Pursuant
      to the Sale and Purchase Agreement for the acquisition of Recreation Town,
      the
      Registrant shall issue 18,000,000 shares and 10,000,000 shares of common stock
      to Ms. Hoi-ho Kiu and Dalian Fengming, respectively. The total fair market
      value
      of such shares is considered to be $75,000,000. This transaction was exempt
      from
      the registration provisions of the Securities Act of 1933 (the “Act”) by virtue
      of Section 4(2) of the Act as a transaction by an issuer not involving any
      public offering. The securities issued in this transaction were restricted
      securities as defined in Rule 144 of the Act. The Registrant believes that
      Ms.
      Hoi-hoi Kiu and Dalian Fengming are “accredited investors” under Rule 501 under
      Regulation D of the Act and had adequate access to information about the
      Registrant.





**ITEM
      3. DEFAULTS UPON SENIOR SECURITIES**





None.




11


**ITEM
      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**





On
      June
      16, 2006 the Company filed a Definitive Information Statement on Schedule 14C
      in
      lieu of an annual meeting. Two Directors, Hoi-Ho Kiu and Lai Ming Lau were
      elected for a term of one year or until their successors are duly elected and
      qualified.





Other
      matters which were voted upon included the authorization to amend of the
      Company’s Articles of Incorporation, increasing the authorized shares of Common
      Stock of the Company from 50,000,000 to 200,000,000 and the ratification of
      the
      appointment of Jeffrey Tsang & Co., Certified Public Accountants, as the
      Company’s independent public accountants.





Team
      Allied Profits Limited at the time held 30,000,000 shares of Common Stock of
      the
      Company. Team Allied Profits Limited voted all its shares and proxies in favor
      of the above-referenced proposals resulting in a favorable vote of 96.3% of
      all
      issued and outstanding shares entitled to vote.





**ITEM
      5. OTHER INFORMATION**





There
      were no unregistered sales of equity securities during the period covered by
      this report that were not registered under the Securities Act of 1933, as
      amended.





12


**ITEM
      6. EXHIBITS**




Exhibit Number
            Description


3.1
            Articles
              of Incorporation of Aloha "The Breath of Life" Foundation,
              Inc.13.2
            Certificate
              of Amendment to the Articles of Incorporation filed with the Nevada
              Secretary of State on March 9, 2000.23.3
            Certificate
              of Amendment to Articles of Incorporation dated February 6,
              2002.33.4
            Certificate
              of Amendment to Article of Incorporation dated August 17, 2002.43.5
            By-Laws of
              Score One,
              Inc.54.1
            Certificate
              of
              Designations, Voting Powers, Preferences, Limitations, Restrictions,
              and
              Relative Rights of Series A Convertible Preferred Stock dated April
              15,
              2002.64.2
            Certificate
              of
              Designations, Voting Powers, Preferences, Limitations, Restrictions,
              and
              Relative Rights of Series B Convertible Preferred Stock dated November
              1,
              2002.74.3
            Form of Regulation
              S
              Subscription Agreement.810.1
            Business Restructuring
              Agreement, dated October 21, 2005, between Score
              One, Inc. and Team Allied Profits Limited.910.2
            Sale and Purchase
              Agreement, dated April 9, 2006, among Score One, Inc., RC Capital Limited,
              Dalian Fengming International Recreation Town Co., Ltd. and Ms. Hoi-ho
              Kiu.1010.3
            2006 Incentive
              and
              Nonstatutory Stock Option Plan.1131.1
            Certification
              of Chief
              Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a) of the
              Securities Exchange Act of 1934, as adopted pursuant to Section 302
              of the
              Sarbanes-Oxley Act of 2002.31.2
            Certification
                of Chief Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a)
                of
                the Securities Exchange Act of 1934, as adopted pursuant to Section
                302 of
                the Sarbanes-Oxley Act of 2002.32.1
            Certifications
                of Chief Executive Officer and Chief Financial Officer pursuant to
                18
                U.S.C. Section 1350, as adopted pursuant to Section 906 of the
                Sarbanes-Oxley Act of 2002.










1 Incorporated by reference to the Company’s Registration Statement No. 000-26717
        on Form 10-SB as filed July 15, 1999.
 2 Incorporated
        by reference to the Company’s Report on Form 8-K as filed March 15,
        2000.
 3 Incorporated
        by reference to the Company’s Report on Form 10-KSB as filed April 16,
        2002.
 4 Incorporated
        by reference to the Company’s Definitive Schedule 14A as filed August 6,
        2002.
 5 Incorporated
        by reference to the Company’s Registration Statement No. 000-26717 on Form 10-SB
        as filed July 15, 1999.
 6 Incorporated
        by reference to the Company’s filing on Form 10-QSB as filed August 15,
        2002.
 7 Incorporated
        by reference to the Company’s filing on Form 8-K as filed November 15,
        2002.
 8 Incorporated
        by reference to the Company’s filing on Form 10-QSB as filed August 15,
        2002.
 9 Incorporated
        by reference to the Company’s filing on Form 8-K as filed March 31,
        2006.
 10 Incorporated
        by reference to the Company’s filing on Form 8-K as filed April 11,
        2006.
 11 Incorporated
        by reference to the Company’s registration statement on Form S-8 as filed July
        31, 2006.


13


**SIGNATURES**





In
      accordance with the requirements of the Exchange Act, the Company caused this
      report to be signed on its behalf by the undersigned, thereunto duly
      authorized.







SCORE
              ONE,
              INC.Date:
                August 9, 2006By:
            /s/ Hoi-ho
              KiuHoi-ho
              KiuChief
              Executive Officer and Director




14