Asia Properties Invests in Entellium.Business Editors/Real Estate Writers BELLINGHAM, Wash.--(BUSINESS WIRE)--Jan. 30, 2003 Asia Properties, Inc. (OTCO OTCO Oregon Tilth Certified Organic (agriculture) :ASPZ) 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. Daniel McKinney announced today that on August 1, 2002 it acquired 2 million shares of Entellium Investments Ltd. (www.entellium.com). Asia Properties and Entellium signed a letter of Intent to merge in May, 2002. "The merger was terminated by mutual consent and Asian Properties decided instead to take an investment position in Entellium of approximately 11%," said Daniel S. Mckinney, CEO. With such clients as Honda, Zurich Financial, Pan Pacific to name a few, along the advent of their U.S. roll out this month, 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. is looking forward to Entellium establishing itself in this market as one of the premier CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. vendors, as it has done in Asia. Entellium is in the process of filing a registration statement with the U.S. SEC to list on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on later this year. Asia Properties, Inc. was established to invest in prime quality real estate in Thailand, and regionally in Asia at deep discounts. API is the only vehicle through which non-Thais can buy Thai real estate and hold the interest in the form of a liquid security trading on a U.S. securities market. Statements which are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , competition and other factors which may be identified from time to time in the Company's public announcements. |
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