TORONTO, June 17, 2008 (PRIME NEWSWIRE) -- Aspire International, Inc's ("Aspire" or the "Company") (OTCBB:APIT) wholly owned subsidiary Aspire GuangXi announced today that the Company has received the approval of a business license from the Chinese Government.
The business license received from the Chinese Government covers investment, exploration, mining and trading of natural resources, base metal and raw materials. Aspire GuangXi Inc. is registered as a Wholly Owned Foreign Enterprise (WOFE) in China. The registered capital is 1.13 million U.S. dollars.
The first project involved is the GuangXi FangCheng PingWang NaWang Manganese mining property. The mining site consists of 3.19 KM2 with a daily production capacity of 100 tons. With manganese ore currently priced at around US$240 per tons, the projected revenue will be 8 million U.S. dollars per year.
For information about the metal price, please refer to www.metalprices.com
About Aspire International Inc.
Aspire International Inc. (OTCBB:APIT) was registered on December 18, 2007 in the state of Maryland. Perfisans Networks Corporation, (www.perfisans.com) founded in 2001, is a wholly owned subsidiary of Aspire International Inc. and is headquartered in the high-tech zone of Markham, Ontario, Canada.
More information can be obtained from the Company's web site at www.perfisans.com.
Cautionary Statement
This press release contains statements relating to future results of Aspire (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Aspire's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.