BELLINGHAM, Wash., May 11, 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 Ms. Shananporn Lerlertkul (Jill) as Sales Manager starting May 15, 2006. In this role, Ms. Lerlertkul will be responsible for managing all the sales functions for the company and its subsidiaries. Further, she will be responsible for International marketing promotions and sales campaigns, magazine and internet ads, and for redesigning API's web site into a marketing and sales site.
"We are pleased to select Jill to lead our sales and marketing efforts and join the senior management team of API. This is an important step towards our goal of building a strong internal sales team to drive our expansion," said Daniel McKinney, Chief Executive Officer of Asia Properties. "Jill, who speaks English and Thai, has a proven, solid track record working in resorts and sales in companies in Thailand, which will be of great benefit to API."
Ms. Lerlertkul will be based out of the Company's Phuket, Thailand office. Ms. Lerlertkul, a Thai citizen, went to high school in the USA and received her MBA from the London School of Business Administration. The Company also confirmed that it is in final negotiations to sell its remaining eight plots in Phase I of Baan Naiyang Resort. The Company also reported that it is in discussions with several Asian based companies about significant acquisitions to increase its real estate holdings and sales.
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 (360) 392-2841 or http://www.asiaprop.com. For property inquiries contact: Jill Lerlertkul, Phuket Sales Manager. Cell 661-0135136 email: jilljill@asia.com
The Asia Properties, Inc. company logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1733
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 that 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.