TORONTO, May 14, 2008 (PRIME NEWSWIRE) -- Aspire International, Inc. ("Aspire" or the "Company") (OTCBB:APIT), a next-generation semiconductor company focused on high-speed wireless communication and consumer semiconductor markets, announced today the opening of a branch in China to capture the fast growing China market.
Aspire is opening a branch in China as a Wholly Owned Foreign Enterprise (WOFE). Aspire will appoint Mr. Hoi Ming Chan to manage the China branch. Mr. Chan has many years of good relationships with senior officials in China. This enables him to pursue his career as entrepreneur in China. Besides, he is very familiar with the laws, business operation and rulings of China, which is a significant contribution to the company. Mr. Chan will bring in the natural resource trading business by partnering with the local mining companies initially. Base metal business such as Lead, Zinc and Manganese will be the first targets.
Opening of Aspire Branch in China is a further step to enhance Aspire presence under its development strategy. Aspire continues to grow into the China, Hong Kong and Far East market and keeps exploring various business growth opportunities through business partnership, expansion and potential acquisitions.
About Aspire International, Inc.
Aspire International, Inc. (OTCBB:APIT) was registered on December 18, 2007 in the state of Maryland. Perfisans Networks Corporation, (www.perfisans.com) founded in 2001, is a wholly owned subsidiary of Aspire International Inc. and is headquartered in the high-tech zone of Markham, Ontario, Canada.
More information can be obtained from the Company's web site at www.perfisans.com.
Cautionary Statement
This press release contains statements relating to future results of Aspire (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Aspire's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.