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CARSON CITY, Nev., July 7 /PRNewswire-FirstCall/ -- America Asia Petroleum (OTC Pink Sheets: AAPM - News), announced today results for the first quarter ending March 31, 2006 at $14,638,524, unaudited. ADVERTISEMENT
For the three months ended March 31, 2006, earnings before interest, taxes, depreciation, and amortization, or EBITDA, totaled $447,247, with a basic and diluted earnings per share of $0.005.
America Asia Petroleum America is an energy company that specializes in extracting crude oil from shale rock using its proprietary patented technology and has offices in USA and China. The company presently operates through joint ventures in China that produces various products and services.
Safe Harbor Provisions
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by America Asia Petroleum Corp., (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.
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America Asia Petroleum Announces 10 for 1 Forward Stock Split Aug 17, 2006 9:45:00 AM CARSON CITY, Nev., Aug. 17 /PRNewswire-FirstCall/ -- America Asia Petroleum (OTC Pink Sheet: AAPM) announced that its Board of Directors have approved a 10 for 1 forward stock spilt of the Company's common stock. Each shareholder of record at the close of business on August 25, 2006, will receive 9 additional shares for every outstanding share held on the record date. The shares will be executed on August 28, 2006.
The forward stock split will be issued as free trading shares for stockholders who hold free trading shares, and restricted for those stockholders who hold restricted shares, as of the record date of August 25, 2006. All shareholders that have free trading shares in their brokerage accounts will be credited automatically by the transfer agent and those shareholders of restricted shares will have their stock sent to them directly from the transfer agent.
America Asia Petroleum is an energy company that specializes in extracting crude oil from shale rock using its proprietary patented technology and has offices in USA and China. The company presently operates through joint ventures in China that produces various products and services.
This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking-statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as 'expects,' 'will,' 'anticipates,' 'estimates,' 'believes' or statements indicating certain actions 'may,' 'could' or 'might' occur.
SOURCE America Asia Petroleum Corp
---------------------------------------------- America Asia Petroleum Corp Investor Relations +1-775-831-8887
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I have a limit buy of .028 Everytime I go "COOL" and buy at the current price, it recedes alittle. So I am going to assume this comes back down alittle.
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lets see - EPS .005 is for P/S around .029 this is pink and should trade 3x P/S at least .029 x 3 = .087 - not bad plus F/S is big bonus. will see how market reacts (in few hours)
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