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Asia Properties Inc. Applies for Listing On American Stock Exchange.


SAN DIEGO--(BUSINESS WIRE)--Aug. 30, 1999--

Asia Properties Inc. (API) (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
: BB: ASPZ) announced today that it is applying for a formal stock listing on the American Stock Exchange American Stock Exchange (AMEX)

Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921.
.

Daniel S. McKinney, President and Chief Executive Officer, API, said, "We are thrilled at the opportunity of a possible AMEX AMEX

See: American Stock Exchange
 listing. We believe such a listing will generate considerably more exposure for Asia Properties among potential investors, increase liquidity and give current investors real time stock quotations and other timely information."

Mr. McKinney said that he believes Asia Properties will begin trading on the AMEX before the end of the year.

Asia Properties Inc., San Diego, Calif., invests in institutional quality commercial and residential real estate in Southeast Asian countries for long term capital gain.

This press release contains forward-looking statements related to future events. Shareholders are cautioned that such statements are predictions and that actual events or results may differ significantly.

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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Aug 30, 1999
Words:170
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