TORONTO, Jan. 4, 2011 (GLOBE NEWSWIRE) -- Aspire International, Inc. ("Aspire" or the "Company") (Pink Sheets:APIT) announced today that its geological survey team expedited to China and Cambodia to assess a number of attractive acquisition candidates have returned. They are currently reviewing data and samples obtained during the visit.
Aspire International also announced that its financial audit is now well under way. Aspire expects to complete its annual and quarterly reports shortly with a view to becoming fully reporting compliant.
CEO Bok Wong commented: "We are awaiting results of the Asian visit as we move to the next level of production infrastructure development at our GuangXi Manganese mine. We are now also looking forward to assessing a number of significant regional properties. These properties which we feel may become critically important acquisitions will be further explored and sampled. These can contribute to our future growth."
About Aspire International, Inc.
Aspire International, Inc. (APIT) was registered in the state of Maryland. Aspire GuangXi Inc. is a subsidiary of Aspire and is a Wholly Owned Foreign Enterprise (WOFE) in China.
The GuangXi Manganese mining property covers an area of 21.3 Square KM containing 7.4 million metric tons of ore according to a 43-101 report certified by a qualified Geologist with more than 30 yrs' experience. The company is led by a highly capable and experienced management team in GuangXi of China.
Aspire has also been granted a right of exploration by the Ministry of Industry, Mines and Energy (MIME) of Cambodia for conducting geological data collection in Phnum Ngout area, Salakrau district, Pailin province, Ratanakmondol and Samlot districts and also the Battambang province in the Kingdom of Cambodia.
More information can be obtained from the Company's web sites at http://www.apitinternational.com.
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 that are projected as a result of various risks and uncertainties, including the possibility that discoveries and grades could be less than expected or tonnage and other estimates may or may not be all that's anticipated. These risks and uncertainties include, but are not limited to: the cyclical nature of the mining industry and the many markets addressed by the company's and its customers' production; demand for and market acceptance of new and any existing production; successful development, mining and production of many ores and minerals; the timing of new or additional production; changes in production and range of materials; production and mineral obsolescence; competition and availability of manufacturing capacity; fluctuations in mining and manufacturing yields; pricing pressures and other competitive factors; the ability to develop new and existing deposits and to obtain permits and licenses; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties of mines and mining, 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.