**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 September 30, 2006.





[
 ]
      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.
                Employer Identification 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 [  ] No [ X ]





The
      number of shares of common stock, par value $.001 per share, outstanding of
      the
      issuer as of November 13, 2006 was 37,162,902 shares.





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





Transitional
      small business disclosure format (check one) Yes [  ] No [ X
      ]





**TABLE
      OF CONTENTS**











PART
                IItem
                1. Consolidated Financial
                Statements
            1Item
                2. Management's Discussion and Analysis of Financial
                Condition and Results of Operations
            6Item
                3. Controls and Procedures
            11PART
                IIItem
                1. Legal Proceedings
            12Item
                2. Unregistered Sales of Equity Securities and Use of
                Proceeds
            12Item
                3. Defaults Upon Senior
                Securities
            12Item
                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 SubsidiariesCondensed
                Consolidated Balance Sheet (unaudited, in USD)As
                of September 30, 2006AssetsCurrent
                AssetsCash
                and bank balances
            
            
            2,929Account
                Receivable
            
            
            458,200Other
                current assets
            
            
            13,930Total
                current assets
            
            
            475,059Intangible
                assets
            
            
            35,764Total
                assets
            
            
            510,823Liabilities
                and Stockholders' EquityCurrent
                liabilitiesAccrued
                expenses
            
            
            15,077Other
                payable
            
            
            73Income
                tax payable
            
            
            846Total
                current liabilities
            
            
            15,996Minority
                interests
            
            
            10,113Stockholders'
                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,37,162,902
                shares issued and outstanding
            
            
            37,163Additional
                paid-in-capital
            
            
            270,000Retained
                earnings
            
            
            177,413Total
                stockholders' equity
            
            
            484,714Total
                liabilities and stockholders' equity
            
            
            510,823





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


1





Score
                One, Inc. and subsidiariesCondensed
                Consolidated Statements of Operations (unaudited, in
                USD)For
                the three and nine months ended September 30





Nine
                months
            
            Nine
                months
            
            Three
                months
            
            Three
                monthsended
            
            ended
            
            ended
            
            endedSep
                30, 2006
            
            Sep
                30, 2005
            
            Sep
                30, 2006
            
            Sep
                30, 2005Net
                sales and service income
            
            
            573,216
            
            
            -
            
            
            279,133
            
            
            -Cost
                of sales
            
            
            (25,904
            )
            
            -
            
            
            (11,601
            )
            
            -Gross
                profit
            
            
            547,312
            
            
            -
            
            
            267,532
            
            
            -Common
                stock issued for service
            
            
            (300,000
            )
            
            
            
            
            -Other
                general and administrative expenses
            
            
            (68,385
            )
            
            -
            
            
            (36,535
            )
            
            -Income
                from operations
            
            
            178,927
            
            
            -
            
            
            230,997
            
            
            -Income
                tax
            
            
            -
            
            
            -
            
            
            -
            
            
            -Income
                before minority interests
            
            
            178,927
            
            
            -
            
            
            230,997
            
            
            -Minority
                interests
            
            
            (113
            )
            
            -
            
            
            (1,297
            )
            
            -Net
                income
            
            
            178,814
            
            
            -
            
            
            229,700
            
            
            -Earnings
                per share-
                basic and diluted
            
            $
            0.01
            
            $
            -
            
            $
            0.01
            
            $
            -Weighted
                average of number of shares-
                basic
            
            
            22,496,235
            
            
            1,162,902
            
            
            35,162,902
            
            
            1,162,902-
                diluted
            
            
            22,634,416
            
            
            1,301,083
            
            
            35,301,083
            
            
            1,301,083








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


2





Score
                One, Inc. and subsidiariesCondensed
                Consolidated Statements of Cash flows (unaudited, in USD)For
                the nine months ended September 30INCREASE
                (DECREASE) IN CASH AND CASH EQUIVALENTS





2006
            
            2005Cash
                flows (used for) operating activities:Net
                income
            
            $
            178,814
            
            $
            -Adjustments
                to reconcile net income to cash used in operating
                activities:Common
                stock issued for services
            
            
            300,000
            
            
            -Stock
                option shares issued below par
            
            
            5,400
            
            
            -Minority
                interests
            
            
            113
            
            
            -Changes
                in assets and liabilities:Increase
                in assetsAccount
                receivable
            
            
            (458,200
            )
            
            -Other
                current assets
            
            
            (13,930
            )
            
            -Intangible
                assets
            
            
            35,764
            
            
            -Increase/(decrease)
                in liabilitiesAccrued
                expenses
            
            
            15,077
            
            
            -Other
                payable
            
            
            (4,927
            )
            
            -Income
                tax payable
            
            
            846Total
                adjustments
            
            
            (191,385
            )
            
            -Net
                cash used for operating activities
            
            
            (12,571
            )
            
            -Cash
                flows provided by financing activities:Issuance
                of shares under stock option plan
            
            
            600
            
            
            -Minority
                interests
            
            
            10,000
            
            
            -Net
                cash provided by financing activities
            
            
            10,600Net
                increase in cash
            
            
            (1,971
            )
            
            -Cash,
                beginning of period
            
            
            4,900
            
            
            -Cash,
                end of period
            
            $
            2,929
            
            $
            -Supplemental
                disclosure of cash flow 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”) AND ITS SUBSIDIARIES (THE “GROUP”)


CONDENSED
      NOTES TO THE FINANCIAL STATEMENTS


SEPTEMBER
      30, 2006 (UNAUDITED)








NOTE
      1 -
      ORGANIZATION AND OPERATIONS





The
      interim financial statements of the Group for the nine months ended September
      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 Group'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.


4


Earnings
      Per Share





In
      accordance with SFAS No. 128, “Earnings per Share,” the basic earnings per
      common share is computed by dividing net earnings available to common
      stockholders by the weighted average number of common shares outstanding.
      Diluted earnings per common share is computed similarly to basic earnings 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 September 30, 2006, the Company did not have any dilutive common stock
      equivalents save for the Series A Convertible Preferred Stock issued and
      outstanding.








**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
      November 9, 2006, this transaction has not yet closed as the seller is waiting
      the re-listing of the common stock of the Company on the Over-the-Counter
      Bulletin Board to consider its possible fund raising ability to complete this
      real estate project.








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
      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 the Company’s business operations.





On
      February 7, 2006, the Company purchased a Hong Kong corporation called RC
      Capital Limited (“RC Capital”) for $1.00 to operate 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 stockof the
      Company. As of November 13, 2006, this transaction has not yet closed and is
      not
      anticipated to close unless the Company is able to relist its common stock
      on
      the Over-the-Counter Bulletin Board.





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
      November 13, 2006, RC Capital has been engaged as a financial consultant to
      another client in China to provide the above enumerated services and has, as
      a
      result, recorded further revenues in this quarter. There is no written contract
      for this engagement.


7


As
      of
      November 13, 2006, RC Capital, with the assistance from Team Allied Profits
      Limited, is negotiating a real estate project in Shanghai, China which may
      be a
      suitable acquisition candidate for the Company. If this acquisition is
      successful, the Company would be required to raise additional funds in the
      amount of $3 billion in the next 36 months for development costs of this real
      estate project. Closing of this transaction is dependent upon the Company’s
      ability to successfully relist its common stock on the Over-the-Counter Bulletin
      Board.





Management
      does not expect that the Company will incur significant research and development
      costs within the next 12 months.





However,
      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 a Chinese Upgraded Version. Accordingly, it
      is
      actively seeking equity financing in an amount of $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 Sep 30, 2006
              (Unaudited)
            
            Three
                Months Ended Sep 30, 2005
              (Unaudited)
            
            Nine
                Months Ended
              Sep
                30, 2006
              (Unaudited)
            
            Nine
                Months Ended
              Sep
                30, 2005
              (Unaudited)Statement
                of Operations Data:Revenue
            
            $
            279,133
            
            $
            -0-
            
            $
            573,216
            
            $
            -0-Net
                Income
            
            
            229,700
            
            
            -0-
            
            
            178,814
            
            
            -0-Earnings
                Per Share
            
            
            0.01
            
            
            (0.00
            )
            
            0.01
            
            
            (0.00
            )Balance
                Sheet Data:Total
                Assets
            
            $
            510,823
            
            $
            -0-
            
            $
            520,823
            
            $
            -0-Total
                Current Liabilities
            
            
            15,996
            
            
            -0-
            
            
            15,996
            
            
            -0-Retained
                Earnings
            
            
            177,413
            
            
            -0-
            
            
            177,413
            
            
            -0-Stockholders’
                Equity
            
            
            484,714
            
            
            -0-
            
            
            484,714
            
            
            -0-





**Three
      months ended September 30, 2006 as compared to three months ended September
      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 September 30, 2006 and recorded net revenue of
      $279,133.


8


Cost
      of Sales




The
      Company did not have a cost of sales for the three months ended September 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 September 30, 2006 of
      $11,601.





Operating
      Expenses




The
      Company’s other general and administrative expenses increased to $36,535 during
      the three months ended September 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
      Income




Net
      loss
      for the three months ended September 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 income of $229,700 for the three months ended September 30,
      2006 after the acquisition of RC Capital, AFS and SAS.




**Nine
      Months ended September 30, 2006 as compared to nine months ended September
      30,
      2005 (Unaudited)**





Revenues




The
      Company did not have any revenues in the nine months ended September 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 nine months
      ended September 30, 2006 and recorded net revenue of $573,216.





Cost
      of Sales




The
      Company did not have a cost of sales for the nine months ended September 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 nine months ended September 30, 2006 of
      $25,904.


9


Operating
      Expenses




During
      the nine months ended September 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 $68,385 during the nine
      months ended September 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
      Income




Net
      loss
      for the nine months ended September 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 income of $178,814 for the nine months ended September 30, 2006 after
      the
      acquisition of RC Capital, AFS and SAS. If we exclude the $300,000 expense
      related to common stock issued for service, the Company in fact recorded a
      net
      income of $478,814 for the nine months ended September 30, 2006.




Liquidity
      And Capital Resources




The
      Company had cash or cash equivalents of $2,929 at September 30, 2006 as a result
      of the acquisition of RC Capital, AFS and SAS compared to no cash or cash
      equivalents at September 30, 2005 when the Company merely did not have any
      business operations since March 25, 2003 up to late 2005. Net cash used for
      operations amounted to $12,571 for the nine months ended September 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
      $459,063 as of September 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.


10


**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.





**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.


11


**PART
      II**





**ITEM
      1. LEGAL PROCEEDINGS**





To
      the
      best knowledge of management, there are no legal proceedings pending or
      threatened against the Company, its directors, officers, affiliates or any
      owner
      of record of 5% or more of the Company’s voting securities.







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





There
      were no unregistered sales of equity securities of the Company during the period
      covered by this report.







**ITEM
      3. DEFAULTS UPON SENIOR SECURITIES**





None.








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





There
      was
      no submission of matters to a vote of security holders during the period covered
      by this report.







**ITEM
      5. OTHER INFORMATION**





None.


12





**ITEM
      6. EXHIBITS**


Exhibit
                Number
              Description3.1
              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.


10Incorporated 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:
      November 13, 2006





By :
      /s/
      Hoi-ho
      Kiu


Hoi-ho
      Kiu


Chief
      Executive Officer and Director






14