HONG KONG and BELLINGHAM, Wash., Dec. 9, 2009 (GLOBE NEWSWIRE) -- Asia Properties, Inc. (API) (Pink Sheets:ASPZ) announced today that it has completed the updates of its website reflecting recent developments. API's website can be viewed at: www.asiaprop.com
"API is delighted to present its updated website which contains information about our VIP baccarat club business in Macau. Shareholders can look forward to timely updates on company activities and progress on our website," said Daniel Mckinney, API's CEO."
API signed an MOU to acquire a 50.10% profit share interest in Sing Hou VIP Club ("Sing Hou") located in the StarWorld Hotel (directly across the street from the Wynn Casino) and has been in operation since November 2008 under a VIP Promoter sub-license from Galaxy Entertainment Group. See the location map: http://www.asiaprop.com/vipclub.html
About Asia Properties, Inc.: Asia Properties, Inc. was established to develop resorts and prime real estate in Southeast Asia. API is a Nevada corporation and trades on the Pink Sheets under the symbol "ASPZ." There are currently 35,474,362 fully diluted shares consisting of 11,965,626 restricted and 23,508,736 free trading. The transfer agent is Transfer Online, Inc. of Portland, Oregon.
The Asia Properties, Inc. logo is available at http://www.globenewswire.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.