Toronto, Canada – (For immediate release)
AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www .asiapaccapital.ca), announced today it will be applying for licenses to develop several new mini hydro projects to feed power to the Aurora Province Special Economic Zone. This is part of the zone’s initiatives to put in place the infrastructure necessary to accommodate ongoing economic development.
There are a total of 5 mini-hydro sites under consideration, as detailed below:
1. Calabgan, Casiguran estimated capacity of 1 MW 2. Dibet, Casiguran estimated capacity of 0.50 MW 3. Amro River, Lawang, Dilasag estimated capacity of 1.5 MW 4. Pinamcan, Manggitahan, Dilasag estimated capacity of 1.2 MW, 5. Kataguman, Dibulo, Dilasag estimated capacity of 0.8 MW. The Aurora Special Economic Zone was established by the federal government in 2007, under the Republic Act number 9490. It is the sole economic zone on the Eastern side of Luzon and is being developed as a green project using environmentally friendly technologies. Thus, the development of mini-hydro as a green source of electricity fits well with the overall vision for the eco-zone principles.
Disclaimer & Safe Harbor Statement:
This release may contain certain “forward-looking statements” with respect to certain of AsiaPac Capital Services Ltd.’s plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “may”, “could”, “would”, “might”, “will” and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause AsiaPac Capital Services Ltd.’s actual results to differ materially from those anticipated. AsiaPac Capital Services Ltd. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which AsiaPac Capital Services Ltd. operates. The actual results that AsiaPac Capital Services Ltd. achieves may differ materially from any forward-looking statements which are based on management’s beliefs and opinions at the time the statements are made. AsiaPac Capital Services Ltd. does not undertake any obligation to update forward-looking statements should circumstances or management’s beliefs or opinions change.
For further information please contact:
AsiaPac Capital Services Ltd.
Suite 3500
Hudson Bay Center
No. 2 Bloor Street East
Toronto ON
M4W 1A8 Email: info@asiapaccapital.ca
investor@asiapaccapital.ca |
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