TORONTO, Dec. 9, 2008 (GLOBE NEWSWIRE) -- Aspire International, Inc.'s ("Aspire" or the "Company") (OTCBB:APIT) wholly owned subsidiary Aspire GuangXi Inc. announced today that the Company has obtained the National Instrument 43-101 report on the GuangXi FangCheng Pingwang Nawang Manganese mining property.
The GuangXi FangCheng Pingwang Nawang manganese mining property currently has a mining area of 21.3 KM(2). On August 28-29, a group of Canadian mining professionals including geologist Mr. Duncan J. Bain, B.Sc., P.Geo., was joined by representatives of the Company for a site visit. This site visit included observations of exploration, development and mining activities over the five mineralized zones. Mr. Bain is a member of the Geological Association of Canada and a Professional Geoscientist of B.C. and Ontario and is also a Qualified Person (QP) as defined by National Instrument 43-101. This report is available through the company web site www.apit.ca.
The Geological Survey Institute of Laibin City has produced a resource estimate of the Site #1, NaWang concession. The estimation has a reserve of 7.4 million metric tones with average grade of 20% manganese. This gives estimated revenue of US$396 million with the market price of US$250 per metric ton.
This is very positive news for the company as the report could only cover the 5 sites and surrounding areas.
About Aspire International Inc.
Aspire International Inc. (OTCBB:APIT) was registered in the state of Maryland. Perfisans Networks Corporation, (www.perfisans.com), is a wholly owned subsidiary of Aspire International Inc. and is headquartered in Markham, Ontario, Canada.
Aspire GuangXi Inc. (http://www.apit.ca) is a Wholly Owned Foreign Enterprise (WOFE) in China. The company is led by a seasoned management team to manage and oversee the mining operations.
More information can be obtained from the Company's web site at www.perfisans.com and http://www.apit.ca
Cautionary Statement
This press release contains statements relating to future results of Aspire (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Aspire's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.