Asia Properties, Inc., Considers Stock Split.Business Editors & Technology Writers BELLINGHAM, Wash.--(BUSINESS WIRE)--Aug. 28, 2002 Asia Properties, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ASPZ) today announced that its board of directors is considering a 2 for 1 forward stock split. Shareholders of record on the date selected if approved will receive one additional share for every share they own. Daniel S. Mckinney, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "We want to reward our loyal shareholders in API by increasing their stock-holdings in our company." The company also indicated that they wanted to increase liquidity and the float of the company and give a chance for institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. to invest by creating more shares. The board will meet to consider their decision on September 16, 2002. API recently signed a Letter of intent to purchase a leading CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. software supplier, Entellium. Asia Properties is a OTC listed public company specializing in Asian real estate and other opportunistic opportunities. For more information about Asia Properties, Inc. logon See login. 1. (jargon) logon - login. 2. (networking) logon - In ACF/VTAM, an unformatted session-initiation request for a session between two logical units. to www.OTCinfo.net or www.asiaprop.com or call 480/949-7965 and ask for Dick Ford. Statements contained in this release which are not historical facts may be considered "forward-looking statements" under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements. |
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