Andalusian Resorts and Spas, Inc. Updates Shareholders on Its Developments and the Launch of Operations
April 17 2014 - 12:02PM
Business Wire
Andalusian Resorts and Spas, Inc. (SYMBOL: ARSP.PK), announced
today that it has started its operations to develop and operate a
chain of high-end resorts catering to the LGBT community.
Bernard Fried, the President for Andalusian Resorts stated,
“Andalusian’s ongoing strategy through opportunistic potential
real-estate transactions may yield several acquisitions confirming
our direction for the Company. Additionally, the Company is pleased
to update its shareholders with several positive significant events
that were reported earlier this year.”
On January 2, 2014, Andalusian received approval for digital
transmission of its common shares (DTC eligibility). This followed
the Company’s completion of a 30 – 1 forward stock split for all
shareholders of record on December 26, 2013. On March 6, 2014, the
Company’s name was officially changed from Huiying Technology and
Media Trading Company to Andalusian Resorts and Spas, Inc., trading
symbol ARSP.PK to reflect the name change.
Andalusian also wants to address that this is a very exciting
time for the Company and ARSP wants to personally thank our
shareholders for their continued support as Andalusian grows its
business. Our pledge is that we will keep you informed of the
status of our projects and we will do everything in our power to
move the Company forward and implement Andalusian’s Business Plan
in order to provide increased shareholder value.
About Andalusian Resorts and
Spas – http://www.arsproud.comThe Company
plans to own and operate an international premiere luxury boutique
hotel and resort chain catering to the LGBT community, where
exceptional care, attention to detail, and the comfort of its
guests are its ultimate mission. Each of its premier, full-service
locations will strive to maintain a 4 or 5 star rating. Andalusian
has committed to fund and endow a charitable foundation with a
portion of its revenues, whose purpose is to, among other things,
foster education and awareness regarding the worldwide LGBT
community. “LET’s OPEN THIS DOOR TOGETHER” - “WE ARE A STRAIGHT
FRIENDLY COMPANY”
Forward-Looking Statements - This press release may contain
certain forward-looking statements within the meaning of Section
27A of the Securities and Exchange Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended,
and such Forward Looking Statements are intended to be covered by
the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainties. All
statements other than statements of historical fact in this
announcement are forward-looking statements, including but not
limited to the viability of the company's business plans, the
effect of acquisitions on our profitability, the effectiveness,
profitability, and the marketability of the Company's products; the
Company's ability to protect its proprietary information; general
economic and business conditions; the volatility of the company's
operating results and financial condition; and other risks detailed
in the Company's filings with the Securities and Exchange
Commission. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations, assumptions, estimates and projections about the
company and the industry. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or to changes in its expectations, except
as may be required by law. Although the company believes that the
expectations expressed in these forward-looking statements are
reasonable, management cannot assure the public that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
INVESTOR RELATIONS CONTACTANDALUSIAN RESORTS AND SPAS,
INC.Bernard A. Fried (702) 522-8846bfried@friedconsulting.com
Andalusian Resorts and Spas, Inc.Bernard A. Fried,
702-522-8846bfried@friedconsulting.com