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Aspire Acquires Additional Domain Name for Its International Online Shopping Mall

TORONTO, March 15, 2011 (GLOBE NEWSWIRE) -- Aspire International Inc. (Pink Sheets:APIT) today announced that it has acquired the domain name for its International Online Shopping Mall business unit.
/ Source: GlobeNewswire

TORONTO, March 15, 2011 (GLOBE NEWSWIRE) -- Aspire International Inc. (Pink Sheets:APIT) today announced that it has acquired the domain name for its International Online Shopping Mall business unit.

The online business is currently operating its platform using only the domain name. In order to better develop business worldwide, it will now be running the platform using both domain names simultaneously. 

Aspire President and CEO Bok Wong stated, "We consider this an important strategic move as the company begins expanding its online business globally."

The online mall was created in 2009, and Aspire acquired it earlier this year.  Revenues have been growing rapidly, and the business now generates significant positive cash flow.

On March 28, 2011 Aspire will host a global-marketing launch ceremony at the Sheraton Hong Kong Hotel and Towers in Kowloon, Hong Kong. The Asia-Pacific headquarters for Mygos is located in Hong Kong.

Aspire expects to file its audited 2009 financial statements shortly.

About Aspire International

Aspire International Inc., , is a Maryland corporation whose executive offices are in Toronto, Ont. Canada. The company recently acquired and now operates a Hong Kong-based international B2C shopping mall, "My Global Online Shop" (Mygos) – a platform that enables anyone to start his or her own business online. Mygos currently hosts over 80,000 active stores.   

Also, through its Chinese subsidiary, Aspire GuangXi Inc., a Wholly Foreign Owned Enterprise (WFOE), it is engaged in the acquisition, exploration and development of mineral properties in the Guangxi Zhuang Autonomous Region of southern China, prospective in particular for manganese and gold.

Aspire's principal manganese mining property covers an area of 21.3 square kilometers containing 7.4 million metric tons of ore according to an NI 43-101 compliant report certified by a qualified geologist with more than thirty years experience. The on-site operations are led by a highly capable Chinese management team.

Recently, Aspire GuangXi entered into a LOI to acquire a majority interest in a 3.95 square kilometer concession (also located in the Guangxi Zhuang Autonomous Region) known to contain a minimum of five zones of gold mineralization, of which two are in production and considered economically viable. According to government geologists and recent geological survey work, the property may contain over one million metric tons of commercially mineable gold-bearing ore.

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Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, both known and unknown, that may cause actual future results to differ materially from those indicated in the forward-looking statements. Our ability to predict future results of current plans or strategies is inherently uncertain. Factors that could have a material adverse affect on our future operations and prospects include, but are not limited to: competition, interest rates, changes in economic conditions, litigation, political and regulatory changes, the cyclical nature of the mining industry, technical issues inherent in the mining process, our ability to attract and retain qualified personnel, the availability of capital and a change in demand for minerals produced. These risks and uncertainties should be considered when evaluating forward-looking statements, and undue reliance should not be placed on such statements.

We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.   More information concerning our business, including additional factors that could materially affect our financial results, may be found in our periodic filings with the SEC ().

CONTACT: Investor Relations CenterPoint Communications Group, LLC Todd Lorenze 386-775-2020 x 1