ZURICH, Switzerland, Aug. 3, 2009 (GLOBE NEWSWIRE) -- High End Ventures, Inc. (OTCBB:HEVE), a Colorado corporation that has been actively seeking a merger or acquisition, announced today that it has signed an agreement and plan of merger with Asia America Equity Exchange, LLC, a Delaware limited liability company ("AAEE"). The Agreement calls for HEVE to change its name, complete a 1 share for 25 share reverse stock split of its common stock, change its domicile from Colorado to Delaware, and issue eighteen million shares of its post reverse split common stock to the present owners of AAEE.
AAEE (www.aaeegroup.com) has signed an agreement with the China Beijing Equity Exchange (www.cbex.cn), the largest equity transaction institution in China, to develop an exchange platform that would mirror the CBEX exchange platform and encourage and facilitate the flow of investment capital and commercial transactions between Asia and the American and Caribbean regions.
AAEE is also progressing with a number of commercial opportunities that will allow it to assist Chinese companies with the implementation of their plans to enter or expand their presence in the American and Caribbean markets.
About HEVE:
HEVE is a Colorado corporation that has been actively seeking a merger or acquisition.
About AAEE:
AAEE was formed in 2008 to develop an equity exchange platform to facilitate the execution of large financial, equity and commercial transactions involving institutional investors and large private and state owned Chinese and American companies. As Chinese companies continue to look outward to identify and develop their inventories of strategic resources, and the American and Caribbean regions continue their search for capital, an intermediary such as AAEE, in conjunction with its governmentally sanctioned partner CBEX, is strategically positioned to identify, coordinate and facilitate the execution of transactions negotiated by these entities.
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding HEVEs' performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, including closing with AAEE and its continued relationship with CBEX, development of sales and earnings, ability to attract and retain key personnel, and general economic conditions of the global economy, including uncertainties relating to global political conditions, such as terrorism. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. HEVE does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.