BELLINGHAM,
Wash. and HONG KONG, Aug. 12, 2008 (PRIME NEWSWIRE) -- Asia
Properties, Inc. (API) (Other OTC:ASPZ.PK - News) announced
today that it has hired a senior financial controller to oversee
all accounting and reporting requirements as the company seeks
fully reporting status.
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"We are very fortunate to have retained Mrs. Sim Mooi
Leung, (CPA in 1985) who will start work with the Company
on September 1, 2008. Mrs. Sim, a permanent resident of Hong
Kong, has a wealth of experience in financial controls, budget
forecasting, financial modeling and managing and reporting
for large public companies here in Asia. Our goal is to get
our consolidated accounts up to date as soon as possible and
become fully reporting,'' said CEO, Daniel Mckinney.
Mrs.
Sim was responsible for all general accounting, reporting,
government management, as well as the financial forecasts
for the 30 year franchise of the Western Harbour Tunnel in
Hong Kong in the mid 90s. She has held positions in banks,
accounting firms and various public companies during her career.
About
Asia Properties, Inc.: Asia Properties, Inc. was established
to develop resorts and prime real estate in Southeast Asia.
Asia Properties currently operates as the only listed U.S.
public company focusing on S.E. Asian real estate investments.
API is a Nevada corporation and trades on the Pink Sheets
under the symbol ``ASPZ.'' There are currently 39,220,112
fully diluted shares consisting of 16,672,740 free trading
and 22,462,376 restricted. The transfer agent is Computershare,
Inc. of Golden, Colorado.
For
up to date corporate information about Asia Properties, Inc.
contact Daniel McKinney, email: dmckinney@asiaprop.com or
(http://www.asiaprop.com). For Investor Relations, call Dennis
Burns. Tel 419-923-5952, email: denny@nvestrain.com http://www.nvestrain.com
The
Asia Properties, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1733
Statements,
which are not historical facts, are forward-looking statements.
The Company, through its management makes forward-looking
public statements concerning its expected future operations,
performance and other developments. Such forward-looking statements
are necessary estimates reflecting the Company's best judgment
based upon current information and involve a number of risks
and uncertainties, and there can be no assurance that other
factors will not affect the accuracy of such forward-looking
statements. It is impossible to identify all such factors,
factors which could cause actual results to differ materially
from those estimated by the Company. They include, but are
not limited to, government regulation, managing and maintaining
growth, the effect of adverse publicity, litigation, competition
and other factors which may be identified from time to time
in the Company's public announcements.
Contact:
Asia Properties, Inc.
Daniel McKinney
dmckinney@asiaprop.com
http://www.asiaprop.com
Investor Relations
Dennis Burns
419-923-5952
denny@nvestrain.com
www.nvestrain.com
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Source: Asia Properties, Inc.
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