LOS ANGELES, July 1, 2004 (PRIMEZONE) -- AP Henderson Group (OTCBB:APHG) today announced an update on its Corporate Profile. The Company has completed two acquisitions since January 2004. Details of both acquisitions have been filed with the SEC in the form of 8K filing. The Company wishes to address its shareholders of a more complete overview on its current business formation with this corporate profile update. For more information on the Company, please visit: www.aphenderson.com
AP Henderson Group is currently engaged in the Computer Hardware and Peripheral manufacturing industry. The Company is an emerging company that utilizes its market presence in the United States and experiences in the greater China region to identify and pursue available high technology related business opportunities. The Company is in the business of acquiring, managing and operating cash-flow producing technology related manufacturing companies in the People's Republic of China ("China") as well as high technology ventures in the United States. Currently, the Company has successfully completed two acquisitions, Slide View Corp. ("Slide View"), an Oklahoma corporation, that has two US Patents on multiple view screen laptop computer designs; and Hyundai MultiCAV Computer Shanghai Co., Ltd. ("HMCS"), a Chinese company, which engages in the manufacture and sales of desktop, laptop computers and various consumer electronics products with factories in Shanghai and Shandong, China.
SLIDE VIEW CORP.
We acquired Slide View Corp. in January 2004. Slide View is the sole beneficial owner of US Patent number 6,532,146 and 6,667,877, covering two versions of piggy-backed, side-by-side monitor screens in a laptop. The first version would provide for a second and third screen to be stored in the main screen's housing, while the second version would provide for the second and third screen to be separable, such that it could be snapped on or off the main screen's housing. The two patents combined provide Slide View with exclusive rights on the only fully lateral retractable dual or triple side-by-side monitor screens on a laptop. This has enabled the company to have developed a proprietary product concept, called X-Panels(tm), that is intended to offer multiple screen capability to all laptop computers equipped with a standard multi-tasking operating system, for existing owners, users and OEM manufacturers.
HYUNDAI MULTICAV COMPUTER SHANGHAI CO., LTD.
In April of 2004, we acquired Hyundai MultiCAV Computer Shanghai Co., Ltd., a Chinese company, located in Shanghai, China. HMCS has one wholly owned subsidiary, Hyundai MultiCAV Computer Binzhou, Co., Ltd.("HMCB"), located in Binzhou, Shandong, China. HMCS is engaged in the business of design, manufacture, and marketing of computer hardware, computer peripheral equipment and consumer electronics products, including desktop computers, laptop computers, server communication equipments, LCD monitors, LCD television, software and online gaming programs. HMCS was incorporated in May 2003 and began operation in November 2003. The fiscal year of the company ends on December 31. For the three months ended March 31, 2004, the company's unaudited income statements reflect total revenue of RMB 137,353,589 (USD$16,594,610) with after tax income of RMB 6,168,256 (USD$745,228).
Company: AP Henderson Group
Headquarter Address: 600 Wilshire Blvd. Suite 1252
Los Angeles, CA 90017
Main Telephone: 213-538-1203
Ticker: APHG (OTCBB)
Type of Organization: Public
Industry: Computer Hardware and Peripheral
Key executive: CEO: Richard Henry
Forward Looking Statements
The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. We intend that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, among other things: (1) the continued development and completion of the X-panel products; (2) expected revenue and earnings growth; (3) estimates regarding the size and our penetration of target markets for the X-panel products; (4) availability of working capital. These statements are qualified by important factors that could cause our actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) our present lack of working capital and our ability to obtain working capital as required, (2) our management's lack of experience in the production and marketing of computer peripherals; (3) the early stage of development of our X-panel products. These forward-looking statements are made as of the date of this release, and the company assumes no obligation to update such forward-looking statements. Refer to the company's reports filed with the Securities and Exchange Commission for more information.