LOS ANGELES, Feb. 10, 2010 (GLOBE NEWSWIRE) -- ASAP Expo, Inc., dba ASAP International Holdings Inc., (OTCBB:ASAE) held an official contract signing ceremony for ASAP Hotel Management Corp. acquiring the Li Ming Hotel at the San Gabriel, CA Hilton Hotel.
Mr. Tang Hu, the Mayor of Yi Zheng City, Yang Zhou County, Jiangsu Province, China, says "After we evaluated ASAP Hotels' management background, its ambition for building a 4 star hotel chain in China and business plan, we decided that ASAP Hotels is our perfect partner to manage and operate the Li Ming Hotel. Yi Zheng Li Ming Hotel is the only and official 4 star rated hotel in the city which was built and owned by the city since 1993."
"We are so pleased that Yi Zheng Municipal City officials came to Los Angeles to sign the 20 plus 20 years long term lease," said Frank Yuan, CEO of ASAP Hotel Management Corp. "Li Ming Hotel has 161 rooms plus a separate gym, conference center, KTV, restaurant, and sauna facilities. It is the best hotel in Yi Zheng and designated as the City's Official Reception hotel which makes the management easier with guaranteed revenues," Yuan stated. "The Company has 25 more hotels with similar long term lease opportunities and are well on the way to building a lasting 4 star hotel chain in China."
ASAP International Holdings Inc. has 20% ownership of ASAP Hotel Management Corp.
For more information, visit www.asapholdings.com, www.asaphotels.cn, and http://www.liminghotel.com/
ABOUT ASAP INTERNATIONAL HOLDINGS
ASAP is a holding company that operates investment banking, management consulting and global trading services for Chinese Companies. Our mission is to be the bridge between China and the Western world. Investment Banking Services division lists Chinese companies on the public trading markets in the USA or Europe. Our Management Consultant division assists our own portfolio companies to meet Western standards management and enhance its value in the public market arena, and our Global Business Services division provides consulting to entities seeking business opportunities in the U.S. and Europe.
Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including the risks associated with the effect of changing economic conditions at home and abroad, variations in cash flow, reliance on collaborative retail partners, and on new product development, variations in new product and service development, risks associated with rapid technological change, and potential of introduced or undetected flaws and defects in products and services and other risk factors detailed in forms filed.