BELLINGHAM, Wash., June 11, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (Pink Sheets:ASPZ) reported today it has appointed My Trusted House as its exclusive agent to market Phase 1 of its resort sub-division in Phuket, Thailand.
Asia Properties CEO Daniel McKinney said, "We are very pleased to appoint My Trusted House, a leading International property marketing company as exclusive agent for our Phase 1, of Baan Naiyang Resort. My Trusted House markets and promotes through its associate company, Liberty TV Netherlands via infomercials and on travel TV stations in Germany. Interested buyers are flown to Phuket as part of specialized Thailand Property Tours, which are offered via a large number of tour operators in Europe. These property seminars are free and empower foreigners with all necessary information needed to purchase property in Thailand, resulting in a high percentage of sales by those who join their property tours. Through this agreement, we expect to sell out of our Phase 1 homes by the end of the year."
Please see Baan Naiyang at My Trusted House: www.mytrustedhouse.com
Baan Naiyang Resort, just 10 minutes South of Phuket airport, is located near the five star Indigo and Arahmas Hotels on Naiyang beach. Naiyang beach is a rapidly developing area with many five star resort and villa developments being built along with comprehensive infrastructure including shopping malls, grocery stores, restaurants and other facilities.
About Asia Properties, Inc.: Asia Properties, Inc. was established to invest in resorts and prime real estate in Thailand and Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments, where investors can invest in Asian real estate and hold the investment in the form of a security trading on a U.S. securities market. API is a Nevada corporation and trades on the Pink Sheets under the symbol "ASPZ". There are currently 39,427,112 fully diluted shares consisting of 16,672,740 free trading and 22,754,372 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.
The Asia Properties, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1733
For up to date corporate information about Asia Properties, Inc. contact Daniel McKinney (360) 392-2841 or (http://www.asiaprop.com). For property inquiries contact My Trusted House, email: thailand@mytrustedhouse.com. Tel: +662-630-4795
Statements, which are not historical facts, are forward-looking statements. The Company, through its management makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary 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, 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, competition and other factors which may be identified from time to time in the Company's public announcements.