TORONTO, July 19, 2011 (GLOBE NEWSWIRE) -- Aspire International Inc. (Pink Sheets:APIT) today announced that the investment it recently made in Eternite International Company Limited, a luxury diamond jewelry provider based in Hong Kong, was for a total cash consideration of HK$17,784,000 (approximately US$2,300,000).
The company considers this a strategic move as it develops a sales and marketing alliance with Eternite, with Aspire expecting to play a leading role in marketing Eternite's luxury diamond jewelry to consumers in both mainland China and North America.
About Eternite International Company Limited
Eternite International Co. Ltd., through its operating subsidiaries, provides high-quality diamond jewelry on a wholesale basis to customers worldwide. Until the opening of its first retail store in Macau in late 2010, the group operated solely at the wholesale level since the founding of its original company in 1999. Eternite designs and creates a wide assortment of diamond rings, earrings, bracelets, pendants, bangles, and necklaces.
In October of 2009, Eternite was listed on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange. It currently trades under the ticker 8351. For more information visit www.eternity-jewelry.com.
About Aspire International Inc.
Aspire International Inc., www.aspireinternationalinc.com, is a U.S. corporation whose executive offices are in Toronto, Ont., Canada. Aspire is an emerging holding company focused on resource, ecommerce and high-tech projects.
The company recently acquired and now operates a Hong Kong-based international B2C shopping mall, www.mygos.net, "My Global Online Shop" (Mygos) – an ecommerce platform that enables anyone to start his or her own business online. Mygos currently hosts over 80,000 active stores.
Aspire also intends to acquire, explore and develop world-class mineral properties in the Guangxi Zhuang Autonomous Region of southwestern China, prospective in particular for manganese and gold.
The company's principal manganese mining target is a property that covers an area of 21.3 square kilometers containing 7.4 million metric tons of ore according to an NI 43-101 compliant report certified by a qualified geologist with more than thirty years experience. The on-site operations are led by a highly capable Chinese management team.
Recently a LOI was executed to acquire a majority interest in a 3.95 square kilometer concession (also located in the Guangxi Zhuang Autonomous Region) known to contain a minimum of five zones of gold mineralization, of which two are in production and considered economically viable. According to government geologists and recent geological survey work, the property may contain over one million metric tons of commercially mineable gold-bearing ore, with considerable additional potential to further expand the resource.
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