BELLINGHAM, Wash. and HONG KONG, Oct. 18, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (API) (Pink Sheets:ASPZ) announced today the appointment of a new Director to its Board, and also a General Manager for China operations.

New Board Director Mr. Michael Woo has extensive international experience, with over ten years in corporate finance, mergers and acquisitions. Mr. Woo has arranged the financing for numerous companies, including companies listed in the U.S., and for Hong Kong and Singapore companies as well. Mr. Woo is currently the executive director of Asia Pacific Merger and Acquisition Professional Association, Special Adviser of China Management Modern Research Council and a member of the Hong Kong Bank Institution.

Mr. Stanley Chiang, who has been appointed API's General Manager for China, has a strong background in marketing and management, with a specific focus in China. Mr. Chiang also has experience in retail management and property development, which will be an invaluable asset for the Company. He has participated in numerous China ventures over the past 15 years, earning a reputation for being "China smart," and his extensive connections and network will be a key resource in API's future acquisitions in China.

Both Mr. Woo and Mr. Chiang, who will be based out of API's Hong Kong office, will be seeking and negotiating acquisitions for API in China. Daniel McKinney, Asia Properties CEO, said, "we are incredibly fortunate to have been able to have these two multi-talented and gifted executives join API during this period of rapid growth."