Asia Properties Plans to Acquire Thailand Resort.Business Editors/Real Estate Writers BELLINGHAM, Wash.--(BUSINESS WIRE)--Sept. 5, 2001 Asia Properties Investments, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ASPZ) said today it had received confirmed acceptance of an offer to purchase a resort on the island of Koh Samui, Thailand. The acquisition is expected to close within 90 days. Asia Properties President, 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 said, "This will be the first acquisition for Asia Properties. We believe this is a major opportunity to roll out our business plan and enhance value for our shareholders." "There is room on the existing land for expanding the number of bungalows, which will enhance value and revenue when developed, and additionally adjacent land may be acquired for further growth," he added. (Please see picture at: http://www3.telus.net/samui_resort/SamuiMV-1.JPG See JPEG. jpg - JPEG ). The resort was recently completed and is positioned 500 meters above the water, nestled in a cove between Chaweng and Lamai beaches, providing the guests stunning panoramic views. The Thailand resort, is located on Koh Samui Island, in the gulf of Thailand Noun 1. Gulf of Thailand - an arm of the South China Sea between Indochina and the Malay Peninsula Gulf of Siam South China Sea - a tropical arm of the Pacific Ocean near southeastern Asia subject to frequent typhoons , approximately 70 minutes by air from Bangkok. Resorts on the island have been enjoying record occupancy as Koh Samui becomes a major resort destination on par with Bali and Phuket. About Asia Properties, Inc. Asia Properties, Inc. was established to invest in resorts and prime real estate in Thailand and Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. . 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. currently operates as the only U.S. listed vehicle focusing exclusively on S.E. Asian real estate investments, where investors can invest in Thai, and other Asian countries, real estate and hold the investment in the form of a security trading on a U.S. securities market. For more information about Asia Properties, contact Daniel McKinney 360/392-2841 or for corporate information contact Al Marchi 408/949-7965 or go to www.OTCinfo.net. Asia Properties' web site is: www.asiaprop.com. Statements contained in this release which are not historical facts may be considered "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. " under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements. |
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