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.html
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 39,427,112 fully diluted shares consisting of 16,672,740 free trading and 22,754,372 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 567-237-4132 email: denny@nvestrain.com www.nvestrain.com
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.