Asia Properties, Inc., Sets Dividend Date For Entellium Stake.

Business Editors

BELLINGHAM, Wash.--(BUSINESS WIRE)--April 28, 2003

Asia Properties, Inc. (Pink sheets:ASPZ) today announced that its board of directors has set May 23rd as its 'Shareholders of Record' date for its dividend to its shareholders totaling one million shares of Entellium Corporation shares acquired in August, 2002.

ASPZ shareholders of record as of May 23, 2003, will receive one Entellium share for approximately every 6.7 ASPZ shares they own.

Entellium Corporation is an Application Service Provider (ASP), with offices in USA, Malaysia and Singapore, which provides Customer Relations Management ("CRM") solutions, based on the Microsoft.NET(R) web services platform. (www.entellium.com).

Entellium is Asia's #1 hosted CRM provider with customers such as Honda, Pan Pacific Hotels, Zurich Financial and Standard Chartered Bank. Entellium recently signed a marketing agreement with Telus Corporation, the second largest Telecommunications Company in Canada whereby Telus will market the Entellium range of CRM products directly to their customer base.

Daniel S. Mckinney, CEO said, "We want to reward our loyal shareholders in API by this dividend for a portion of this potentially valuable stock held by the company." Mckinney noted that the top performing NASDAQ stock in 2002 (according to CBS MarketWatch) was a CRM company. "We see Entellium as one of the leaders in the expanding CRM worldwide market," said Mckinney. Entellium is preparing to file an SB-2 registration statement with the SEC and intends to seek a NASDAQ listing later this year. We anticipate distributing the dividend after the registration statement is effective.

Asia Properties is a public company, which specializes, in Asian real estate and other opportunities.

Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.