BELLINGHAM, Wash., March 20, 2006 (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 hired Mr. Art Charpentier as Chief Financial Officer. In this role, Mr. Charpentier will be responsible for managing the accounting functions for the company and its subsidiaries and to prepare quarterly (10-QSB) and annual (10-KSB) reports with the SEC.
"We are pleased to select Mr. Charpentier to lead our financial accounting and reporting activities. This is an important step towards our goal of listing API on a major U.S. exchange later this year," said Daniel McKinney, Chief Executive Officer of Asia Properties. Mr. Charpentier has a proven, solid track record during his career in working in public companies in North America which will be of great benefit to API.
Mr. Charpentier will be based out of the Company's Bellingham, Washington office.
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 S.E. 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 at (360) 392-2841 or http://www.asiaprop.com
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.
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