Rager's Page

[Rager]

ASPZ >
Outstanding Shares: 9,829,028 as of 2007-03-26
Float: 3,213,607 as of 2007-03-26


ASPZ -- Asia Properties, Inc.
Com ($0.001)
CORRECTION: CORRECTION: Asia Properties, Inc. Begins Financial Reporting News Releases (Press Release)

Bellingham, WA, Mar 29, 2007 (Pink Sheets News Service) — BELLINGHAM, WA., March 29, Asia Properties, Inc. or "API" (Pink Sheets:ASPZ) a developer of resorts and prime real estate in Thailand and Southeast Asia, announced today it is in the process of bringing all of the Company's financial statements up-to-date with the intention of becoming a fully reporting full disclosure issuer. The audited financial statements now posted on pinksheets.com are the first of a number of such public releases.

Asia Properties, Inc. was established to invest in resorts and prime real estate in Thailand and Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments, where investors can invest in Asian real estate and hold the investment in the form of a security trading on a U.S. securities market. API is a Nevada corporation and trades on the Pink Sheets under the symbol "ASPZ." There are currently 9,856,778 fully diluted shares consisting of 3,213,601 free trading and 6,643,177 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.

Over the past year, the company has made progress toward fulfilling a number of key moves toward the realization of its business goals. In May, 2006 API hired Ms. Shananporn Lerlertkul (Jill) as its Sales Manager. Ms. Lerlertkul is responsible for managing all the sales functions for the company and its subsidiaries. Further, she is responsible for International marketing promotions and sales campaigns, magazine and internet ads, and for redesigning API's web site into a marketing and sales site. Ms. Lerlertkul is based out of the Company's Phuket, Thailand office. Ms. Lerlertkul, a Thai citizen, went to high school in the USA and received her MBA from the London School of Business Administration.

In late February, 2007 API, announced that Mergent's Editorial Board (formerly Moody's) had approved API for a listing in Mergent Manuals and News Reports(tm). This listing helps API toward achieving its goal of full public disclosure. The Company's corporate profile, which includes descriptive text data as well as news and financial statements, is continuously accessible via Mergent's online and print products.

As part of Mergent's listing services, the new description is highlighted separately on www.mergent.com with an active hyperlink back to API's website.

The Mergent Industrial Manual and News Reports(tm) is a recognized securities manual in 38 states for purposes of Blue Sky Manual Exemption. First published in 1918, and formerly known as Moody's(tm) Manuals and News Reports, the publication was rebranded as Mergent Manuals and News Reports when Mergent, Inc. acquired Moody's(tm) Financial Information Services division in 1998. API's listing will aid the brokerage community in making a market for the company's stock. However, it is recommended that brokers confirm with their compliance/legal department concerning "Blue Sky" laws in specific states and other regulatory laws that might affect them.

In March of 2007, API reported the title transfer of fourteen homes, since the beginning of the year, in the Phase I section of the Company's Baan Naiyang Resort in Phuket, Thailand. The Baan Naiyang Resort subdivision offers five styles of homes, all of which are designed to blend traditional Thai architecture with a contemporary Balinese look. Home sizes vary from 1,582 sq. ft.(147 sq.m.) to 3,337 sq. ft. (310 sq.m.) and land parcels sizes are up to 5,167 sq. ft. (480 sq.m.) with prices starting from US$112,000.00 up to US$260,000.00

Just 10 minutes South of Phuket airport, Baan Naiyang Resort, is an international gated community located near the Naiyang beach. The site borders a national forest and is framed by a tropical jungle with rolling green hills nearby. As no building or development is allowed on national forest land, the resort will always retain its natural surroundings.

API appointed My Trusted House, a leading international property marketing company, to market its Baan Naiyang Resort subdivision. My Trusted House, is marketing the resort project on an exclusive basis in the following countries: The Netherlands, Belgium, Luxemburg, Germany, Denmark, Sweden and Finland. My Trusted House markets and promotes through its associate company, Liberty TV Netherlands via infomercials and on travel TV stations in Germany. Interested buyers are flown to Phuket as a part of specialized Thailand Property Tours, which are offered via a large number of tour operators in Europe. These property seminars are free and empower foreigners with all necessary information needed to purchase property in Thailand.

At the end of February, 2007 Asia Properties announced that it had acquired, through its wholly owned subsidiary, Hertz Controller Technologies Corporation (HCTC), a significant Hertz controller electrical patent for US$12 million in Hertz Controller Technologies Corporation shares. HCTC was incorporated in the State of Wyoming on April 8, 2005.

The Hertz Controller technology has breakthrough applications in audio, video, electrical appliance, and power conditioning devices, among others. One of the many unique and powerful benefits that the technology offers to the A/V and electrical appliance industries is a low-cost chipset solution that significantly suppresses conducted noise in electrical appliances, resulting in improved sound and picture quality as well as reduced power consumption.

The patent can be viewed at: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fne...

On March 13, 2007 API followed up its report concerning the acquisition of the Hertz Controller Patent and announced that its Board of Directors has declared a dividend in the form of its shares in the Hertz Controller Technologies Corporation (HCTC).

All ASPZ shareholders of record as of April 15, 2007 are to receive one (1) HCTC share for every two (2) ASPZ shares they own. The distribution of the HCTC dividend shares will take place as soon as possible after April 15, 2007.

Please see www.hertzcontroller.biz

HCTC plans to apply for several new patents covering the latest technology developments by the inventor of the Hertz Controller, Dr. Page Huie, to add to the intellectual property base of the subsidiary. The company is currently talking to several global consumer companies about employing the use of its technology into their products.


Forward Looking Statements:

Statements which are not historical facts are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.