Mr. Samuel Lee likes to announce, that he is integrating 30 % of each of his companies into Asiapac Capital Services Inc. (ISN: CA04520D1042, WKN: A0M6QP) by June 1,2011 1. Travelers Insurance and Surety Corp. (Philippines) Travelers Insurance has 11 branches in the Philippines and has a major marketshare of the car insurance sector in the Philippines. 2. Coldwater Creek Co. Ltd. 3. Conpac Warehousing and Logistics Corp. 4. Dynamic Logistics Corp. 5. Eglinton Warehousing and Logistics Corp. 6. Greenworld Warehousing and Logistics Corp. 7. Henan Industrial Co. Ltd. 8. North York Warehousing and Logistics Corp. 9. Safeway Warehousing and Logistics Corp. Coldwater, Conpac, Dynamic Logistic, Eglinton, Greenworld Warehousing, Henan, North York Warehousing and Safeway are operating in Warehousing in the Philippines. With the integration, Asiapac Capital Services will hold 30 % of the third biggest warehouse operator (by cargo and by space) in the Philippines. Safeway is constructing at the moment a new warehouse, with 5.000 square meter and a value of arround 3.200.000 Euro. 10. Timminco Industrial Corp. Timminco is a profitable mineral exploration company in the Philippines. Future prospective: Asiapac Capital Services Inc will be responsible for coordinating the logistic, the warehouse and the cargo insurance operations. With his wholly own subsidary Rodeo Drive Co Ltd., Asiapac will be a company on the Philippines, which will be able to offer carton package, logistic services, warehousing and cargo insurance to exporting companies in on hand. Over the next years, Asiapac will use its income to increase their major devisions. a. Logistics Asiapac will invest into profitable logistic/warehouse/cargo insurance companies to build a network in the asean-oceanian region b. Renewable Projects Asiapac will invest in additional hydro-power projects in the Phillipines and public traded companies, which are active in renewable projects worldwide. c. Financial Services Asiapac will invest into profitable public traded companies, to build (in a longer term) an international network of financial services. d. The existing coal and mineral operations will be developed and afterwoods Asiapac will look for an investor. who buys the mineral operations. There are no additional investments into the mineral exploration projects planed. Alltogether, Asiapac Capital Services Inc will concentrate on low risk investments. 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 http://asiapaccapital.ca/news/ |