ASP Financing Intention.Business Editors CARLSBAD, Calif.--(BUSINESS WIRE)--Aug. 27, 2003 ASP Ventures Corp. ("ASP") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :APVE APVE Associação Portuguesa do Veículo Eléctrico (Portuguese Electrical Vehicle Association) ) wishes to announce its intention to undertake a 2,000,000 share private placement at a premium to the market. EliteJet is an established California based company that sells equity ownership interests in jet aircraft. EliteJet was formed in 2001 to take advantage of the fast growing popularity of fractional aircraft ownership within a niche designed to compete with existing high priced fractional ownership programs and the expense of owning an entire aircraft. Currently, EliteJet offers equity ownership interests in seven Falcon 20F business jets. EliteJet has also established an air charter division that accounts for usage of the aircraft in excess of that permitted under the equity ownership program. EliteJet plans to expand its equity ownership program to include more Falcon 20F's in addition to smaller Falcon 10 aircraft and the larger Challenger 600 aircraft. Shareholders can obtain more information by visiting the Elite website at www.elitejet.net. A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. These forward looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that ASP may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. ASP encourages the public to read the information provided here in conjunction with its most recent filings on Form 10KSB KSB Kogod School of Business (American University) KSB Kelley School of Business (Indiana University) KSB Kantonsschule Am Brühl St. and Form 10QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound . ASP's public filings may be viewed at www.sec.gov. |
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