BELLINGHAM, Wash., Nov. 6, 2013 (GLOBE NEWSWIRE) -- Asia Properties, Inc. or "API" (OTC:ASPZ) today announced that it has taken its first steps towards instituting a new mining claims roll-up strategy by exploiting its extensive mining network. API's strategy calls for the staking and acquisition of deeply discounted mining claims, an area where the company sees great opportunity for future growth.
Daniel McKinney, President of API stated, "We are extremely excited to announce our roll-up strategy, as it relates to our future ability to grow our assets and revenues. The continuing, and seemingly endless, demand for physical gold coming out of China has bolstered our confidence that current acquisitions of mining claims will be supported by future demand for gold." Mr. McKinney noted that China's central government appears to be purchasing as much gold as possible, to preserve the country's wealth and purchasing power, on a long-term basis. The Company plans to sell its claims to its numerous listed resource company clients based in China and Hong Kong.
"We have a team on the ground right now negotiating and sourcing claims for us in Western USA and Mexico as they present a big opportunity at this time with the big miners focused only on their core producing mining projects."
Funding from private placements will be used along with internal cash and shares towards the acquisition and re-staking of gold claims with existing 43-101 geological reports.
About Asia Properties, Inc.: is a Nevada corporation and trades on the OTC Pink under the symbol "ASPZ." There are currently 40,921,362 fully diluted shares. The transfer agent is Transfer Online, Inc. of Portland, Oregon. Please visit our website: www.asiaprop.com
This press release contains forward-looking statements based on management's expectations and beliefs, and may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.
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Source:Asia Properties, Inc.