BELLINGHAM, Wash., Nov. 29, 2004 (PRIMEZONE) -- Asia Properties Inc. (Pink Sheets:ASPZ), a Nevada corporation, a developer of Asian resorts in Thailand, announced today that it has filed a Form 10-SB with the SEC (Securities Exchange Commission) to seek to become a fully reporting public company.
"This is the beginning of the process for Asia Properties, Inc. to be able to trade on the NASD Over the Counter Bulletin Board. We are looking forward to resolving any open issues and becoming in full compliance with the SEC reporting requirements. Being on the NASD OTCBB Exchange would give the Company considerably more visibility and liquidity in trading, which is very positive for our shareholders," said Daniel McKinney, CEO.
About Asia Properties, Inc.
Asia Properties, Inc. was established to invest in resorts and prime real estate in Thailand and Southeast Asia. API currently operates as the only U.S. listed vehicle focusing exclusively on S.E. Asian real estate investments, where investors can invest in Thai, and other Asian countries', real estate and hold the investment in the form of a security trading on a U.S. securities market.
For more information about Asia Properties, contact Daniel McKinney (360) 392-2841. Asia Properties' web site is: www.asiaprop.com
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements