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AAPM (.0004) Brass Bulls Corp. Accumulates over 6% of American Asia Petroleum Corp. (AAPM)
Business Wire "US Press Releases "
CORAL SPRINGS, Fla.--(BUSINESS WIRE)--
Brass Bulls Corp. announced today that it has accumulated in excess of 6% of the issued and outstanding shares of American Asia Petroleum Corp. (Pink Sheets: AAPM). The shares have been acquired over the last two months in open market transactions.
Based on American Asia Petroleum's latest financial information filed on Pinksheets.com, the Company had over $11 million in shareholder equity. This represents approximately $0.005 per share. For the Nine month period ended September 30, 2006, American Asia Petroleum (AAPM) reported unaudited revenues of $29,934,935 and net income of $426,098.
Some of the items Brass Bulls Corp. intends to request of American Asia Petroleum (AAPM) management are:
1) Audited financials
2) File Form 10 to become fully reporting if appropriate.
3) File a 15C2-11 to update disclosure
4) Seek listing on a National Exchange
5) A monthly update on the shares issued and outstanding.
6) Increased communications with shareholders.
Brass Bulls Corp. is a business consulting company that provides advisory and financing services to private and publicly traded companies.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Brass Bulls Corp., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Brass Bulls Corp. may buy and or sell shares of AAPM that it owns or may own at any time.
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