The Law Firm of Levi & Korsinsky, LLP Announces Investigation of SOKO Fitness & Spa Group, Inc.

NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of SOKO Fitness & Spa Group, Inc. (“SOKO” or the “Company”) (OTC: SOKF) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Queen Beauty and Wellness Group Limited (“Queen Beauty”). Numerous SOKO officers, including the Company’s CEO and CFO, have agreed to tender their shares of SOKO in exchange for ordinary and preferred shares of Queen Beauty. Under the terms of the transaction, shareholders will receive $4.50 in cash per share of SOKO stock they own.

Click here to learn how to join the action: http://www.zlk.com/soko-fitness-sokf, or call: 877-363-5972.

The investigation concerns whether the SOKO Board of Directors breached their fiduciary duties to SOKO stockholders by failing to adequately shop the Company before entering into this transaction and whether Queen Beauty is underpaying for SOKO shares, thus unlawfully harming SOKO stockholders. In particular, SOKO traded as high as $4.80 as recently as January 28, 2011. Furthermore, at least one analyst set a price target for SOKO stock at $6.00 per share.

If you own common stock in SOKO and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [e-mail] or by telephone at [phone], toll-free: [phone], or http://www.zlk.com.

Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.