NEW YORK, Feb. 20, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (Pink Sheets:ASPZ), "API", a developer of resorts and villas in Asia, announced today that Mergent's Editorial Board (formerly Moody's) has approved API for a listing in Mergent Manuals and News Reports(tm). API's corporate profile, which includes descriptive text data as well as news and financial statements, will be accessible via Mergent's online and print products, says API's CEO, Daniel McKinney.
As part of Mergent's listing services, the new description will be highlighted separately on www.mergent.com with an active hyperlink back to API's website.
The Mergent Industrial Manual and News Reports(tm) is a recognized securities manual in 38 states for purposes of Blue Sky Manual Exemption. First published in 1918, and formerly known as Moody's(tm) Manuals and News Reports, the publication was rebranded as Mergent Manuals and News Reports when Mergent, Inc. acquired Moody's(tm) Financial Information Services division in 1998. API's listing will aid the brokerage community in making a market for the company's stock. However, it is recommended that brokers confirm with their compliance/legal department concerning "Blue Sky" laws in specific states and other regulatory laws that might affect them.
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 9,799,028 fully diluted shares consisting of 3,213,601 free trading and 6,585,427 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.
The Asia Properties, Inc. company logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1733
About Mergent, Inc.
Mergent, Inc. has been collecting and delivering financial information since 1900. For over a century, Mergent has built its reputation as an innovative leader in supplying comprehensive, accurate data, along with easy-to-use information tools based on the latest in technology. Mergent offers databases on key financial, fundamental and descriptive data for over 35,000 global public companies from over 100 countries, and 20,000 U.S. municipal entities, as well as extensive company analysis, corporate bond, unit investment trust, corporate actions, mutual fund and dividend information. Located in New York City and Charlotte, North Carolina, Mergent maintains a growing number of sales and service offices in the United States, Canada, the United Kingdom, Australia and Japan.
For up to date corporate information about Asia Properties, Inc., contact Daniel McKinney (360) 392-2841 or (http://www.asiaprop.com) For property inquiries contact: Jill Lerlertkul, Phuket Sales Manager. Cell +6681-0135136 email: jill@asiaprop.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.