Asiana Corporation (fka ASIC)

[War_Eagle215]

Some actions should be resulting soon from this PR:

Asiana Corporation (ASIC.PK) 50 Million Dollar Expansion





NANCHANG, China, Aug. 18 /PRNewswire-FirstCall/ -- Asiana Corporation (ASIC.PK) is pleased to announce that it has reached an agreement in principle to spin off one of its divisions http://www.1800buypiao.com/ The purchaser is a New York USA based Pink Sheet company, whose security trades in the 5-8c range. The deal will involve both cash and stock.

CEO Mr Xu explained, "This is actually a 2 fold transaction. The deal will involve purchaser to acquire our ticketing division for about $15 million dollars. When one includes ongoing royalties the transaction may very well topple $50 million dollars as a gross figure. Subsequently, to insure performance either I and or another officer of ASIC will be appointed as a director of the purchasers company. The purchaser is looking to gain entry into the China markets and this is one way for them to achieve this objective. We are also looking at ways to reward our shareholders, and one of the proposals under consideration is an outright merger with the buyer or a dividend payout of the 50 million dollars to our current shareholder base. We expect to close the deal on or before September 30 2008."

In other company news, CEO Mr Xu added, "Our security was recently branded caveat emptor by Pink Sheets. This is due to some spam e mails that were sent without our knowledge and consent. We are currently in the process of having this rank removed with added filings on Pink Sheets."