Asiapac Capital Services Inc.
AsiaPac Capital Services Releases Sales Results for Rodeo Drive Company subsidiary

Asiapac Capital Services Inc. / Key word(s): Miscellaneous

23.02.2011 / 12:30

AsiaPac Capital Services Releases Sales Results for Rodeo Drive Company
subsidiary

Toronto, Canada - February 22, 2011

AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www
.asiapaccapital.ca), is pleased to announce sales results for its Rodeo
Drive subsidiary for 2010.

Gross sales of Php 379 million were achieved, equating to roughly USD 8.7
million or EUR6.4 million.  This is very dramatic increase versus Php 54
million achieved in 2009, and dwarfs initial projections of Php 80 million
in sales for the period, based on a strong rebound in the export of
electronics worldwide.  Net income figures should be available within the
next month, as the financial statements are currently being prepared.

Rodeo Drive is an import/export and logistics company catering to the
semiconductor export market, more specifically semiconductor components and
supplies.  It is located in the Subic Bay Economic Zone, the former U.S.
navy base in the northern Philippines.  Its customer base includes Asahi
technologies; Pentax Optical; Yazaki Mfg;  Mizuho Packaging; and Zimitsu
Semiconductor Co. amongst others.

Rodeo Drive is part of Greenworld Warehousing and Logistics, one of four
subsidiaries that represents AsiaPac's Logistics and Freight Forwarding
division. Rodeo Drive was acquired in the first quarter of 2010.

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


End of Corporate News

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