BELLINGHAM, Wash., Oct. 11, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. or "API" (Pink Sheets:ASPZ) today announced the attendance of its CEO, Daniel McKinney at the 18th Hotel Investment Conference, in Hong Kong.
The conference is being held from October 10-12 at the InterContinental Hotel in Hong Kong. As Asia's longest running hotel investment event, the conference has become the most important gathering of hotel investors, financiers and leading industry professionals in Asia. API's CEO, Daniel McKinney will be meeting and networking with some of the industry's leading executives during this unique three day event. The Conference is supported and sponsored by such companies as: Global Hyatt, Hilton Hotels, InterContinental Hotels, Marriott International, Starwood Hotels, Fairmont Raffles and Shangri-la hotels.
API's main focus at this conference will be to promote its new planned island tourist destination with the executives representing the major international hotel chains present at this event. API has secured an exclusive option to acquire the majority of a stunning tropical island, and create a new tourist destination with numerous four, five and six star resorts with major international hotel brands managing the resorts. Our planned acquisition in the Philippines will be the largest investment and single most important transaction in the history of API.
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 39,427,112 fully diluted shares consisting of 16,672,740 free trading and 22,754,372 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.