Aspire Achieves Fully-Reporting Status With SEC
April 20 2011 - 9:49AM
Aspire International Inc. (OTCQB:APIT) today announced that it
filed its 2010 audited financial statements on Friday, April 15,
2011, and it is current with its SEC reporting obligations. As a
result, Aspire shares are now trading on the OTCQB as a U.S.
reporting company.
CEO Bok Wong commented, "With Aspire making the transition to a
revenue producing entity, we are fulfilling the investment
community's need for and reliance upon transparency in financial
reporting, and we expect to continue providing all relevant
financial information on a timely basis."
Wong added, "A recent Franklin Templeton report noted the middle
class in Asia is expected to grow from around 2 billion in 2006 to
an estimated 3.6 billion in 2025, leading to a commensurate
burgeoning increase in consumption, spending and market
growth."
"There will be unprecedented opportunities for investors seeking
to participate in that growth. Aspire's purchase of Mygos, 'My
Global Online Shop', early in 2011 may provide a unique new Global
venue for Aspire shareholders to potentially obtain a direct stake
in the benefits of what will likely be an historic economic
shift."
About Aspire International
Aspire International Inc., www.aspireinternationalinc.com, is a
Maryland corporation whose executive offices are in Toronto,
Ontario, Canada. The company recently acquired and now operates a
Hong Kong-based international B2C shopping mall, www.mygos.net, "My
Global Online Shop" (Mygos) – a platform that enables anyone to
start his or her own business online. Mygos currently hosts over
80,000 active stores.
Aspire is also engaged in the acquisition, exploration and
development of mineral properties in the Guangxi Zhuang Autonomous
Region of southwestern China, prospective in particular for
manganese and gold.
The company's principal manganese mining target is a property
that covers an area of 21.3 square kilometers containing 7.4
million metric tons of ore according to an NI 43-101 compliant
report certified by a qualified geologist with more than thirty
years' experience. The on-site operations are led by a highly
capable Chinese management team.
Recently a LOI was executed to acquire a majority interest in a
3.95 square kilometer concession (also located in the Guangxi
Zhuang Autonomous Region) known to contain a minimum of five zones
of gold mineralization, of which two are in production and
considered economically viable. According to government geologists
and recent geological survey work, the property may contain over
one million metric tons of commercially mineable gold-bearing ore,
with considerable additional potential to further expand the
resource.
Cautionary Note About our Forward-Looking
Statements
All of our statements that contain other than purely historical
information, including estimates, projections, statements relating
to our business plans, objectives and expected operating results,
and the assumptions upon which those statements are based, are
"forward-looking statements" within the meaning of applicable
federal securities law. Forward-looking statements may generally be
identified by words such as "believe," "project," "expect," "may,"
"estimate," "intend," "plan," "will," "could," and similar
expressions. The Private Securities Litigation Reform Act of 1995
contains safe-harbor provisions for forward-looking statements, and
we intend that our forward-looking statements be covered by those
provisions.
Forward-looking statements are based on current expectations and
assumptions that are subject to risks and uncertainties, both known
and unknown, that may cause actual future results to differ
materially from those indicated in the forward-looking statements.
Our ability to predict future results of current plans or
strategies is inherently uncertain. Factors that could have a
material adverse affect on our future operations and prospects
include, but are not limited to: competition, interest rates,
changes in economic conditions, litigation, political and
regulatory changes, the cyclical nature of the mining industry,
technical issues inherent in the mining process, our ability to
attract and retain qualified personnel, the availability of capital
and a change in demand for minerals produced. These risks and
uncertainties should be considered when evaluating forward-looking
statements, and undue reliance should not be placed on such
statements.
We undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. More information concerning our
business, including additional factors that could materially affect
our financial results, may be found in our periodic filings with
the SEC (http://www.sec.gov).
CONTACT: Investor Relations
CenterPoint Communications Group, LLC
Todd Lorenze
386-775-2020 x 1
www.centerpointcg.com