AASI Forms $11 Million Joint Venture Company in China to Implement Innovative Bio-Technology Agriculture Strategy.

BEIJING -- All Asia Licensing Inc. (Pink Sheets: AASI) announced today the launch of the first phase of a viable program in the agricultural biotechnology sector with the signing of an $11 million joint venture agreement with Beijing Xinxinshengda Biology Engineering Technology Co. Ltd. (BBET).

AASI will own 55% of the venture, named Fertilizer King, Inc. The new joint venture company is to be financed by a private placement of a combination of debt and equity. Fertilizer King's plans are to assemble several existing microbial and organic fertilizer plants in China and convert them to produce Dr. Ma's microbial fertilizers.

"The impetus for this venture coincides with the Chinese government's launch of the 70-year Green Great Wall project," according to AASI President Anthony Lee. "This involves the planting of a 2,800 mile shelterbelt of trees across the northwest rim of China skirting the Gobi Desert. Additional projects to make China greener involve the changing of way farmers work their land. The National Reform and Development Commission takes the position that the use of human and animal effluents as fertilizer will be phased out. In addition, the wide use of chemical fertilizers will be curtailed. A brand new genre of high-tech fertilizers will eventually replace them," Lee said.

Experiments in microbial fertilizers in space - via China's launch of its fifth satellite in its ambitious "Compass" global satellite positioning system recently - is only the latest effort in the nation's fast developing space program. The "Beidou" or "Big Dipper" satellite was launched from the Xichang Satellite Launch Centre in southwest China's Sichuan province and has already yielded an advanced biotech line of fertilizers for BBET.

In a joint statement Lee and Dr. Ma Lintao of BBET said: "For many years, we both have been looking for a suitable partner to help market and promote these unique technology-based products worldwide. Today, we formalize our previously announced intent to work together."

The new venture will own a proprietary microbial fertilizer technology, which is currently represented by an array of nine international patents. Dr. Ma Lintao, the chief scientist and principal of BBET, remarked, "Our products should be much sought after because a good acreage of the world's arable land has been damaged by the heavy application of chemical fertilizers since the 1960s. We believe that Fertilizer King's products will not only rejuvenate and recondition damaged soils, but they should enhance crop production by up to 25%."

"China recently announced $586 billion in spending to kick start its economy," Lee pointed out. "We believe our new venture will add a holistic component to this program. Fertilizer King is intent on helping Chinese farmers enhance crop production and rejuvenate the vast tracts of damaged soils in the country. As an economic byproduct, the harvests by farmers who use of our fertilizers may command better prices in the marketplace since their products may be certified as organic," Lee said.

The line of fertilizers, branded as "Golden Sunshine," has been widely used in China. The displays around Tiananmen Square during the 2008 Beijing Olympics were colorful exhibitions of its properties.

The Joint Venture Agreement is subject to the completion of funding, among other things.

About BBET

Beijing Xinxinshengda Biology Engineering Technique Co. Ltd. ("BBET") is a leader in the development and application of microbial fertilizers and agricultural technologies. Their premium microbial fertilizer was developed by Dr. Ma Lintao while conducting research in the China Space Program. This proprietary and patented bio-fertilizer has won numerous awards in China including Gold Prize, Fifth Patent Technology Exposition and Gold Prize, Yangling Agricultural Fair Houji Academy Awards. Dr. Ma has been referred to as the Fertilizer King of China by much of the media across the country. Dr. Ma is recognized as a national hero in the advancement of agricultural techniques and technologies. BBET currently holds two official production licenses awarded by the Ministry of Agriculture, People's Republic of China.

About All Asia Licensing, Inc.

All Asia Licensing Inc. is a major conduit for investors to access the rapidly growing Asian economy. By acquiring substantial stakes in unique Asian businesses, providing capital and international-minded management, AASI plans to enable these companies to prosper in their own industries. Working with small-to-medium sized companies, the Company also assists clients by using a comprehensive suite of services of business management, consulting services and business support through specialist networks.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

Certain statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements concerning the ultimate acceptance of business prospects and our ability to successfully complete the commercialization of "Fertilizer King" products in select Asian markets. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include the risks that the results we intend are not achieved and the risks inherent in commercializing a new product (including technology risks, market risks, financial risks and implementation risks, as well as other risks and uncertainties affecting the Company). These risks are to be included in filings with the Securities and Exchange Commission, all of which are to be available at www.sec.gov. We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events or otherwise.