Asia Properties, Inc. Retains Financial Advisors.SAN DIEGO--(BUSINESS WIRE)--Feb. 11, 1999--Asia Properties, Inc.(API) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). PINK SHEET: ASPZ) announced today it has retained Bankers Mortgage Realty Advisors, and MacElhenny & Gaggs Syndicate, both of Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Ca., to aid the Company in its efforts to fund API's acquisition program. API has been established as a publicly traded U.S. corporation to invest in Thailand prime quality real estate at the bottom of the country's economic cycle and benefit from the impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. recovery. API is the only foreign institution approved for real estate transactions in Thailand, listed on a U.S. stock exchange. Daniel S. McKinney, President and Chief Executive Officer of API, said. "Bankers Mortgage will help us raise funds for our initial acquisition targets via private capital channels, and help us acquire our first quality commercial and residential properties, at deep discounts." API's common stock began trading on January 25, 1999. The price per share has increased from $.75 per share on opening day to $4.25 per share on February 10, 1999. API invests in institutional quality high-rise, office and residential real estate in Thailand, especially Bangkok, for long-term capital gain Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. . This release is available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Worldwide Website at www.kcsa.com. |
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