HONG KONG and BELLINGHAM, Wash., Nov. 1, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. or "API" (Pink Sheets:ASPZ) announced today its business outlook for fiscal 2007. The Company expects revenue of approximately $15 million and net income of approximately $2.4 million, or $0.061 per share. Strong revenue growth in 2008 is anticipated to come from our recently acquired Swiss Garden Resort in China.

The 2007 financial expectations exclude any revenue from our Philippine islands deal or our Thai business.

"We believe that ASPZ is undervalued," said Asia Properties CEO, Daniel McKinney. "With the Company having its first profitable year, a rapidly growing property and resort business in China, and our Philippine island destination all moving forward, we feel that the current valuation of the Company is extremely low."