BELLINGHAM, Wash., May 2, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (API) (Pink Sheets:ASPZ) today announced that it has completed its 4:1 forward split of its common shares.
Stockholders are encouraged to contact their brokers to confirm that they have received, or will receive, 3 additional dividend shares for every 1 share of ASPZ that they held on the payment date. Shareholders should note the adjustment in the stock price reflecting this split.
On May 1, 2007, API had 39,427,112 shares of common stock issued and outstanding and approximately 12,854,404 free trading shares in the float.
Additionally, all ASPZ shareholders of record on April 27, 2007, received one (1) Hertz Controller share for every two (2) ASPZ shares that they owned.
About Asia Properties, Inc.: Asia Properties, Inc. was established to invest in resorts and prime real estate in Thailand and Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments, where investors can invest in Asian real estate and hold the investment in the form of a security trading on a U.S. securities market. 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 12,854,404 free trading and 26,572,708 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.
The Asia Properties, Inc. logo is available at http://www.primezone.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.