BELLINGHAM, Wash. and HONG KONG, Nov. 30, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (API) (Pink Sheets:ASPZ) announced that shareholders of record today will be entitled for a 1:10 dividend of its subsidiary, Microart, Inc.

Asia Properties shareholders of record on November 30, 2007 will be entitled to receive one share of MCRT for every ten shares held of ASPZ. Daniel S. McKinney, CEO said, "We are rewarding 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 all required forms with the appropriate regulatory agencies.

About MCRT: We are currently in final negotiations to acquire a profitable IT company, Digital One Limited (www.DG21.com), which incorporates the latest internet TV platform. We then plan to file a SEC registration statement, and list MCRT on the OTC Bulletin Board in 2008. MCRT is currently traded on the "grey-sheet" market with a quoted asking price of $0.35 per share.