Asia Properties Inc. (ASPZ)

[IBN4Profits]

NEWS OUT!!!!!

Asia Properties Announces $10 Million Financing Deal
Tuesday July 17, 9:00 am ET


BELLINGHAM, Wash., July 17, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (Other OTC:ASPZ.PK - News) announced today that it has signed an exclusive agreement with Quam Securities Group Limited, a Hong Kong based securities firm, to raise the Company US$10 million.
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Daniel S. McKinney, CEO said, ``We are pleased to have signed this exclusive funding agreement with Quam, a leading tier one securities firm based in Hong Kong. The funds raised, on a best effort basis, will be used to close our island acquisition in the Philippines.''

This exclusive funding agreement will expire on October 31, 2007. Quam plans to raise the capital in the form of a structured debt instrument to ensure this funding will be executed with minimum dilution to shareholders.

About Asia Properties, Inc:

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 39,427,112 fully diluted shares consisting of 16,672,740 free trading and 22,754,372 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.

The Asia Properties, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1733

About Quam Securities:

Quam Securities Group is a tier-one brokerage firm in Hong Kong and a division of Quam Limited, a holding company of financial and wealth management. Quam is listed on the Hong Kong Stock Exchange (Stock code: 952) Please see http://www.quamlimited.com

For up to date corporate information about Asia Properties, Inc. contact Daniel McKinney [phone] or (http://www.asiaprop.com) For property inquiries contact My Trusted House, email: [e-mail]. Tel: [phone]

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.