Replies to post #11570 on America Asia Petroleum Corp. (fka AAPU)

[poster44ny]

Vitallabs Inc. Acquires US - China Based The Chirico Group




Acquisition Launches 18 Year Old Company into Worldwide Crude Oil and Asphalt
Markets

OLD SAYBROOK, Conn., Sept. 1 /PRNewswire-FirstCall/ -- Vitallabs, Inc.
(OTC: VILB.PK) announced the acquisition of the US-China based The Chirico
Group, Inc. The Chirico Group is a company established in 1985, which has been
providing bilateral commerce between companies in the West with those in
China. The Chirico Group has created successful profit centers in product
development, manufacturing, construction, distribution, joint ventures and
operational services.
In the acquisition, the stockholders of The Chirico Group received
approximately 90% of the equity in Vitallabs, through a voting, convertible
preferred stock, in exchange for their interest in The Chirico Group. At the
time of the transaction, Vitallabs was not engaged in any business.
Frank Pinnizzoto, officer and director of Vitallabs, resigned immediately
following the closing, and Anthony Chirico was appointed as President and
Chief Executive Officer.
Anthony Chirico, "We are very pleased to complete this acquisition. We
have grown sales and earnings successfully the past three years. With the new
ability to access the U.S. capital markets provided by public company status,
we believe we can grow our businesses in a more substantial way in the next
three years. We are extremely excited about this transaction and are committed
to increasing our shareholder values for years to come."
Frank Pinizzotto stated, "This is a major development for our company. We
have been working diligently on an acquisition that will in turn create value
for our shareholders. We believe this transaction will bring substantial
values to our shareholders."
The Chirico Group is an American corporation with its U.S. headquarters in
Old Saybrook, Connecticut, and its China headquarters in Shanghai. The Chirico
Group specializes in marketing consultation, project management, and road
construction working with companies for the USA and Asia-Pacific markets. The
company will be launching a new road construction product in China -- SAB --
that is an asphalt binder derived from oil shale that makes roads last longer
and more durable.
The market focus will be China, which is planning to become the second
largest automotive economy in the world and will equal the amount of spending
on roads and highways as the USA within five years. The country is rapidly
developing and building its infrastructure.
The company's staff has over a half-century of experience and contacts in
the international market, USA, and China. Our emphasis is on product
implementation and branding, with a staff that includes marketing, technical,
and creative experts experienced in intercultural business. We have worked
with our own product launches and with companies from diverse industries
including those considered sensitive. We are proud of our record in protecting
patents and copyrights. Clients have included Westinghouse/CBS, Star Building
Systems, and Ford Motor Company with projects in retail, manufacturing, and
road and building construction. We have sold American made products to 350
million people and were one of the first U.S. companies to open the China
market for American products and services as featured in the December 21, 1992
issue of Forbes magazine. The company's goal and plan is to be one of the
leaders in the road construction industry for China.
Changes to management of Vitallabs, including the appointment of Anthony
Chirico, as President and CEO, the appointment of new directors and the change
of Vitallabs' corporate name to America Asia Corp., are expected to follow in
the near future, subject to compliance with applicable SEC rules. When the
corporate name change occurs, the company will apply to change its trading
symbol. Pending such change, Vitallabs will continue to trade under the symbol
"VILB".
The company plans to apply for listing on the American Stock Exchange at
such time as it satisfies the applicable listing requirements, which will
increase exposure and investor opportunity to this dynamic industry.

For more information about The Chirico Group and its operations please go
to: http://www.chiricogroup.com .
For information about the shale asphalt division is
http://www.shaleasphaltbinder.com .

[jk21]

works for me.....hope i don't have to sleep as long as rip van winkle though. i'm not that sleepy.

[poster44ny]

America Asia Petroleum Signs Technology Agreement in China.
From: PR Newswire | Date: August 22, 2006 | More results for: America asia petroleum corp

CARSON CITY, Nev., Aug. 22 /PRNewswire-FirstCall/ -- America Asia Petroleum (OTC Pink Sheet: AAPM). The company is proud to announce its successful negotiations and signing of a technology agreement to extract crude oil from shale rock.

"The China government estimates by 2025 that they will need to import 75% of their oil and they want to be sure they are not dependant on foreign oil. By signing this agreement we have been given an open door to extracting oil in China," says John Bows, president.

America Asia Petroleum, with offices in China and USA, is an energy company ...


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