Asia Properties, Inc. Stock Price Reaches $5.00 Per Share.SAN DIEGO--(BUSINESS WIRE)--February 16, 1999--Asia Properties, Inc. (API (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. ) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). PINK SHEET: ASPZ) announced today that the price of its common stock has reached the trading level of $5.00 per share. API's common stock began trading on January January: see month. 25, 1999, at $0.75 per share, with the price increasing steadily over the past 2-3 weeks. Daniel S Daniel, book of the Bible Daniel, book of the Bible. It combines "court" tales, perhaps originating from the 6th cent. B.C., and a series of apocalyptic visions arising from the time of the Maccabean emergency (167–164 B.C. . McKinney, President and Chief Executive Officer of API, said, "We are pleased with the continuing interest in the growth potential of our Company. With the stock reaching the $5.00 level, we believe it will attract a new category of investors who were restricted from purchasing it for various reasons below $5.00 per share." Asia Properties, Inc. was established to invest in prime quality real estate in Thailand, with initial properties to be purchased in Bangkok Bangkok (băng`kŏk'), Thai Krung Thep, city (1990 pop. 8,538,610), capital of Thailand and of Bangkok prov., SW Thailand, on the east bank of the Chao Phraya River, near the Gulf of Thailand. , at deep discounts. API is the only vehicle though which non-Thais can buy Thai real estate and hold the interest in the form of liquid security trading on a U.S. securities market. |
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