posted
Im in for a small amount here * $0.55. Supposedly a lot of groups are about to pounce on this one.
Asia Properties Provides Financial Projections for Real Estate Developments in Thailand and the Philippines Tuesday July 10, 9:43 am ET
BELLINGHAM, Wash., July 10, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (Other OTC:ASPZ.PK - News) issued an update that is designed to give current shareholders and potential investors a first glimpse of revenue projections. These projections include the nearly completed sales program for the Baan Naiyang Resort in Phuket, Thailand and the anticipated acquisition and development of the majority of an island, in the Philippines. ADVERTISEMENT
CEO, Daniel McKinley commented, ``Asia Properties is continuing to move forward with its plan to develop superior resort accommodations in Thailand and the Philippines. We will work diligently to keep our shareholders informed and to capture the attention of future investors in regard to our progress in the development of resort properties and other activities underway.''
The following outlines revenue projections and corporate activity currently underway:
The Baan Naiyang Resort:
Asia Properties recently entered into an exclusive agreement with My Trusted House, a prestigious international property-marketing firm. The company is confident that this relationship will lead to the successful sale of the remaining 8 of the original 13 resort villas in the Phase 1 Subdivision. Asia Properties is currently working to finalize negotiations with several groups to purchase the entire Phase 2 and Phase 3 Subdivisions of Baan Naiyang Resort. The company fully expects gross revenues from the sale of the Baan Naiyang Resort Subdivisions in Phuket, Thailand, to reach at least US$1.5 million for fiscal year 2007.
Tinaga Island, Philippines:
Asia Properties plans to fund the purchase through cash and restricted stock, and is currently in advanced talks with a HK-based institution who has expressed an interest in raising the cash requirements for this acquisition. In addition, the company has already signed a Non-Disclosure Agreement with an agent of one of the world's premier resort operators. This premier resort operator desires to develop and manage 5 star resorts on the company's beachfront property in the Philippines. This acquisition and the subsequent development is expected to bring Asia Properties US$30 million in gross sales in 2007 and 2008.
My Trusted House, a leading International property marketing company, markets and promotes through its associate company, Liberty TV Netherlands, via infomercials and on travel TV stations in Germany. Interested buyers are flown to Phuket as part of specialized Thailand Property Tours, which are offered via a large number of tour operators in Europe. These property seminars are free and empower foreigners with all necessary information needed to purchase property in Thailand, resulting in a high percentage of sales by those who join their property tours.
About Asia Properties, Inc.:
Asia Properties, Inc. was established to invest in resorts and prime real estate in Thailand and Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments, where investors can invest in Asian real estate and hold the investment in the form of a security trading on a U.S. securities market. API is a Nevada corporation and trades on the Pink Sheets under the symbol ``ASPZ.'' There are currently 39,427,112 fully diluted shares consisting of 16,672,740 free trading and 22,754,372 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.
For up to date corporate information about Asia Properties, Inc. contact Daniel McKinney (360) 392-2841 or http://www.asiaprop.com. For property inquiries contact My Trusted House, email: thailand*mytrustedhouse.com. Tel: +662-630-4795.
Statements, which are not historical facts, are forward-looking statements. The Company, through its management makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
Contact: Asia Properties, Inc. Daniel McKinney (360) 392-2841
-------------------------------------------------------------------------------- Source: Asia Properties, Inc.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
bloom field is starting to pump it, guys on cash cow are picking on it, bunch of other emails are starting to go out about it too
But you know what they saym buy on rumor, sell on news =P
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
I'd wait for the bid/ask to tighten before buying. Watch it though.
Outstanding Shares: 39,427,112 as of 2007-05-16 Estimated Market Cap: 24.839M as of 2007-06-27 (based on Outstanding Shares as of 2007-05-16) Authorized Shares: 50,000,000 as of 2007-03-26 Float: 14,122,737 as of 2007-05-16
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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Asia Properties, Inc. Reports Realized Revenues to Shareholders Thursday July 12, 8:00 am ET
BELLINGHAM, Wash., July 12, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (Other OTC:ASPZ.PK - News) issued an update to shareholders today in regard to actual revenues received by Asia Properties from the sale of 5 of the 13 resort villas owned by the company in the Phase 1 subdivision of the Baan Naiyang Resort located in Phuket, Thailand. ADVERTISEMENT
Phase 1 of Baan Naiyang Resort was launched in late 2005 with the company selling four resort villas for a total of US$350,000 that same year. In December of 2006 Asia Properties brought it's total of sold and delivered resort villas to five with the sale of an additional unit for US$136,000. The joint-venture partner that developed the subdivision in partnership with Asia Properties completed the sale and delivery of its total inventory of 24 units to buyers in early 2007. Asia Properties is currently in discussions to sell the remaining 8 resort villas in the Phase 1 Subdivision.
Asia Properties is currently in a positive cash position with in excess of US$300,000 in the bank and will continue to derive revenues from the sale of existing properties. The company will also continue to fund resort developments through the offering of private placements with long-term investors and private institutions. In the past Asia Properties received revenues as a result of options being exercised at $1.00 per share and over the last year the company entered into a private placement agreement for the issuance of 100,000 Rule 144-restricted shares at a share price of $1.00 for proceeds of US$100,000. More recently the company secured loans totaling US$150,000 from two U.S. based banking institutions. As stated earlier, Asia Properties plans to raise additional capital in the future through private placement agreements.
CEO Daniel McKinney commented, ``It is our intention to raise capital for the funding of future development in a way that is conducive to maintaining shareholder value. We have already been contacted by a tier-one funding source that has expressed an interest in our company and would also like to assure shareholders that they will be notified of our intentions in this area as soon as commitments start to develop.''
For up to date corporate information about Asia Properties, Inc., contact Daniel McKinney at (360) 392-2841 or (http://www.asiaprop.com). For property inquiries contact My Trusted House, email: thailand*mytrustedhouse.com. Tel: +662-630-4795
Statements, which are not historical facts, are forward-looking statements. The Company, through its management makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
Contact: Asia Properties, Inc. Daniel McKinney (360) 392-2841
-------------------------------------------------------------------------------- Source: Asia Properties, Inc.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
ASPZ announces filing of financials. Nice! Check out today's news folks. This one will go up soon imo.
Posts: 110 | From: Washington | Registered: Nov 2006
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