America Asia Petroleum Corp. (fka AAPU)

[algol]

The latest PR does not mention americaasiapetroleum.com any more (see below). I think that there will be no more such website, but rather all web inquiries to americaasiapetroleum.com will be automatically redirected to chiricogroup.com. So, the right question to ask IR is: when is www.chiricogroup.com coming online again? I wonder what the reply is going to be, if any.

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CARSON CITY, Nev., May 9, 2007 /PRNewswire-FirstCall via COMTEX/ -- America Asia Petroleum (OTC Pink Sheet: AAPU) announced the change of its ticker symbol from AAPM to AAPU due to the recent reverse stock split from 1:40. The decision to affect a reverse stock split was made in an effort to generate renewed interest in the company after the suspension of trading and to remove any control from those who could be possibly shorting the stock.

The management wants to make clear to all stockholders that any changes are to the benefit and protection of the company and its stockholders. America Asia Petroleum represents joint venture energy companies that operate in China for the North American markets.

In addition management is discussing changes and options for America Asia's business future. While the suspension has been lifted, the company being a gray non reporting pink sheet has negatively impacted the public market.

This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking-statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as 'expects,' 'will,' 'anticipates,' 'estimates,' 'believes' or statements indicating certain actions 'may,' 'could' or 'might' occur. Investors are cautioned to rely only on statements made by the company and not to rely on statements made by third parties that are not paid for by the company.

SOURCE America Asia Petroleum Corp

CONTACT: Investor Relations of America Asia Petroleum Corp, [phone]

URL: http://www.chiricogroup.com/
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Copyright (C) 2007 PR Newswire. All rights reserved

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KEYWORD: Nevada
INDUSTRY KEYWORD: OIL
SUBJECT CODE: STS