BELLINGHAM, Wash. and HONG KONG, March 13, 2008 (PRIME NEWSWIRE) -- Asia Properties, Inc. (API) (Pink Sheets:ASPZ) announced today that it has signed an agency agreement to represent AutoCart(r) Licensing, LLC, for the China and Philippines markets. Daniel McKinney, API's CEO, said, "We are thrilled to be a part of this revolutionary retail phenomenon. API's extensive involvement in Asian real estate and our existing real estate contacts, puts us in a prime position to launch AutoCart in China and Philippines."
AutoCart, LLC, is a corporation with its headquarters based in Las Cruces, New Mexico, USA. AutoCart holds the exclusive worldwide family of core patents for the automated delivery of goods and services from six retail categories. New high-speed order/delivery technology allows customers to order onsite/preorder online offsite, all types of goods and services items, which automatically are delivered in minutes directly to the customer's automobile. AutoCart is a technology and software company that seeks to license its patented process to the retail industry worldwide and soon will be one of the global leaders in the retail industry.
For up to date corporate information about AutoCart, LLC (AutoCart Logistics, LLC and AutoCart Licensing, LLC) contact Al Jervinsky, email: ajervinsky@auto-cart.com or (www.autocart.biz). For International Investor Relations, call Jeff Sutton, Executive Business Director, Tel: (USA) 575-312-0773 email: autocartj@gmail.com.
AutoCart will revolutionize more than 6 categories of retailing. Its divisions include:
-- AutoTram - Conveyance Centers - automated gas island
order/delivery.
-- AutoCart SuperCenters - Multiple products and services
consolidated in one stop shopping from a customer's vehicle.
-- AutoCart Warehouse Club - Automatic delivery of bulk good
directly to a customer's vehicle.
-- AutoChef - 4-6 restaurants all sharing a common high-speed
automated drive-thru.
-- AutoCart ExPress - Automated consolidated Box Store
drive-thrus.
-- AutoCart Virtual Mall - Allows Malls to have an online
ordering virtual presence in order to compete with the
growth of Internet sales. In addition, retail customers will
discover the convenience of hands free shopping within the
mall. Customers simply request to have purchased products
transported to a drive-thru consolidation area. Customers
now simply pick up packages at the drive-thru mall extension
as they leave the mall parking lot.
API may eventually license all of AutoCart's classifications but will initially concentrate on the AutoCart Virtual Mall. API's CEO, Mr. McKinney explained that the API already knows the biggest mall operators through our real estate work in Asia and we will be setting up an API subsidiary to represent this opportunity. API will derive income through licensing agreements with the various mall and retail operators using the patented delivery technology.
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 in Thailand, China and the Philippines, 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 39,115,112 fully diluted shares consisting of 16,757,736 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
The Asia Properties, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1733
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