HONG KONG and BELLINGHAM, Wash., Oct. 15, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc., or "API" (PinkSheets:ASPZ), today commented on the meetings and results of the recently completed 18th Hotel Investment Conference in Hong Kong.

API's CEO Daniel McKinney was able to meet and promote its new tourist island destination with senior executives of such global companies as Global Hyatt, Marriott International, Starwood Hotels, Hilton, Carlson, Shangri-La hotels and Outrigger Hotels & Resorts. McKinney commented, "This was a significant event for our company. The interest and enthusiasm in our new island destination from the major industry players was far better than I expected. We anticipate several deals as the result of attending this conference."

Additionally, McKinney invited Jean-Claude Baumgarten, President of the World Travel and Tourism Council (WTTC), to visit the Philippines and meet with Tourism Secretary Ace Durano to further enhance the appreciation of the Philippines as a major tourist destination and to help promote the Company's new island in Camarines Norte.

API has secured an exclusive option to acquire the majority of a stunning tropical island, and create a new tourist destination with numerous four, five and six star resorts with major international hotel brands managing the resorts. Please see photo: http://www.asiaprop.com/palawan-island/imperial-beach.htm