Asiapac Capital Services Inc.
AsiaPac Capital Services Enters Discussions with Qatar Based Company
Asiapac Capital Services Inc. / Agreement 11.03.2010 14:33 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Toronto, Canada - (For immediate release) - March 11, 2010 AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www .asiapaccapital.ca), announced today that it has entered into discussions with a Qatar based company to purchase a minority interest in AsiaPac. The parties are considering the sale and purchase of a 15% interest in AsiaPac with the deal tentatively priced at EUR6.00 per share. As previously announced, AsiaPac has recently signed an LOI with Interline Management Ltd. (China) - an investment company based in Shanghai, China to sell a 40% stake in AsiaPac Capital Services. Final documents are being drafted and the Parties hope to close the final share purchase agreement within the next few weeks. That deal is valued at over EUR20 million. This new sale would see an additional 2 million shares issued, placing a value of just over EUR12 million on the deal, and bringing the total number of Company shares outstanding to just over 13.5 million shares. Company President, Mr. Samuel Lee, noted; 'Our renewable energy and resource projects are garnering a lot of interest from potential backers. We are very optimistic that we will be in a position to start bringing these projects online in a timely manner. As previously announced, we will be prioritizing the various mining projects as well as our Jatropha biofuel project. With the expected influx of new capital, we will have the funds to put capital assets in place and begin project development on a more aggressive basis.' The Company will be releasing further information on these deals as more details become available. 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. 557A Eglinton Ave West, Toronto, Canada M5N 1B5 Phone: 1-416-800-2080 Email: info@asiapaccapital.ca 11.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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