Los Angeles, CA February 10, 2010 – ASAP International Holdings Inc., (OTCQB: ASAE) held an official contract signing ceremony for ASAP Hotel Management Corp. acquiring the Li Ming Hotel at the San Gabriel, CA Hilton Hotel.
Mr. Tang Hu, the Mayor of Yi Zheng City, Yang Zhou County, Jiangsu Province, China, says “After we evaluated ASAP Hotels’ management background, its ambition for building a 4 star hotel chain in China and business plan, we decided that ASAP is our perfect partner to manage and operate the Li Ming Hotel. Yi Zheng Li Ming Hotel is the only and official 4 star rated hotel in the Yi Zheng City which was originally built and owned by the city since 1993.”
“We are so pleased that Yi Zheng Municipal City officials came to Los Angeles to sign the 20 plus 20 years long term lease” said Frank Yuan, CEO of ASAP Hotel Management Corp. “Li Ming Hotel has 161 rooms plus a separate gym, conference center, KTV, restaurant, and sauna facilities. It is the best hotel in Yi Zheng and designated as the City’s Official Reception hotel which makes the management easier with guaranteed revenues.” Yuan added “The Company has 25 more potential hotels with similar long term lease opportunities and are well on the way to building a lasting 4 star hotel chain in China.”