Los Angeles, CA January 14, 2010 – ASAP International Holdings Inc., (OTCQB: ASAE) is officially traded on OTCQB under ticker symbol “ASAE”. The core business of ASAP is providing Chinese Companies for Investment Banking, Management Consulting and Global Trading Services. ASAP has 20% ownership of ASAP Hotel Management Corp, an up-coming 4-star business hotel chain in China.
“We are delighted with our OTC listing as ASAE and expect the listing to serve as a link to the Chinese market,” said Frank Yuan, CEO of ASAP. “The market and book value for 20% of ASAP Hotel Management Corp, 10% of IBMC China AG, and 10% of OOOUT Portal AG, is more than $8 Million USD. The total outstanding shares for ASAP has approximately 8.5 Million shares. We sincerely believe after we successfully list the 10 additional Chinese companies, either on FRANKFURT or USA Exchange, the companies market and book value will increase dramatically.”
As part of compensation of the Investment Banking services, ASAP will maintain a percentage (minimum of 10%) ownership of the companies, listed on either USA or FRANKFURT Exchange. Primaries Investment Banking services include, private/public offering, reverse merger, equity or debt financing.
Currently ASAP maintains 20% of ASAP Hotel MGMT Corp, 10% ownership position in IBMC China AG (Frankfurt Exchange ticker symbol: 4IB), and OOOUT Portal AG (Frankfurt Exchange ticker symbol: OOV). In addition, ASAP has signed consulting service agreements with approximately 10 more Chinese companies expected to list within the next year and in the pipeline.