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.
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 39,115,112 fully diluted shares consisting of 16,672,740 free trading and 22,357,376 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 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.