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BELLINGHAM, Wash. and HONG KONG, Nov. 15,
2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (API) (Pink
Sheets:ASPZ) announced today that its board has approved a
1:10 dividend of its subsidiary Microart, Inc.'s ("MCRT")
common stock.
The
share dividend entitles each holder of ten shares of API's
common stock to receive a dividend of one common share of
MCRT. Asia Properties shareholders of record on November 30,
2007 will be entitled to receive the common stock dividend
distribution. Daniel S. McKinney, CEO said, "We want
to reward our loyal shareholders in API by this dividend for
a portion of this potentially valuable stock held by the company.
"
API
anticipates that the shares and the accompanying stock certificates
representing each stockholder's MCRT dividend shareholdings
will be issued and mailed to stockholders following the filing
of the all required forms with the appropriate regulatory
agencies.
Further,
the Company announced that it has invested its 2 million shares
of Entellium into MCRT in exchange for equity. Entellium is
one of the fastest-growing providers of CRM software solutions,
including the award winning RAVE. "We recognize Entellium
as one of the leaders in the expanding CRM global market,"
said McKinney. Please see: www.entellium.com
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