BELLINGHAM, Wash., Aug. 12, 2005 (PRIMEZONE) -- Asia Properties, Inc., (Pink Sheets:ASPZ) a developer of resorts and prime real estate in Thailand and Southeast Asia, announced today that it has retained CEOcast, Inc. to provide investor relations services. In this role, CEOcast will help the company expand its visibility among the investment community, including increasing its shareholder base.
"We are pleased to select CEOcast to help lead our investor relations activities," said Daniel McKinney, chief executive officer of Asia Properties. "The firm has a proven track record in increasing the investment community's awareness of small companies and has a series of impressive successes in assisting Asian companies broaden their awareness. Furthermore, in helping to enhance API's brand awareness, it is important to design communication messages that reflect our brand's unique value for specific audiences. CEOcast will help API strengthen our brand awareness efforts as well as determine the most effective media for communicating the brand value to our target audience. We look forward to working closely with them as part of a proactive effort to expand our shareholder base."
"We are excited about working with Asia Properties, as the company appears well positioned to benefit from the many opportunities available to acquire and develop resorts in one of the fastest growing markets in the world," said Ken Sgro, president of CEOcast. "The company recently completed the acquisition of a majority interest of a resort subdivision in Phuket and we believe that this will represent an excellent platform to support future growth."
About Asia Properties, Inc.
Asia Properties, Inc. was established to invest in resorts and prime real estate in Thailand and Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on southeast Asian real estate investments, where investors can invest in Asian real estate and hold the investment in the form of a security trading on a U.S. securities market.
For up-to-date corporate information about Asia Properties, Inc., contact Daniel McKinney (360) 392-2841 or http://www.asiaprop.com or Ed Lewis, CEOcast, Inc., for Asia Properties at (212) 732-4300. For property sales: Charlotte Filleul, Phuket Sales Manager, CB Richard Ellis Thailand, http://www.cbre.co.th, telephone: 66 76 239 967-9, fax 66 76 239 970 or cell 661 597 7137.
Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by the company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors, which may be identified from time to time in the company's public announcements.
The Asia Properties, Inc. company logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1733.