TORONTO, April 20, 2011 (GLOBE NEWSWIRE) -- Aspire International Inc. (OTCQB:APIT) today announced that it filed its 2010 audited financial statements on Friday, April 15, 2011, and it is current with its SEC reporting obligations. As a result, Aspire shares are now trading on the OTCQB as a U.S. reporting company.
CEO Bok Wong commented, "With Aspire making the transition to a revenue producing entity, we are fulfilling the investment community's need for and reliance upon transparency in financial reporting, and we expect to continue providing all relevant financial information on a timely basis."
Wong added, "A recent Franklin Templeton report noted the middle class in Asia is expected to grow from around 2 billion in 2006 to an estimated 3.6 billion in 2025, leading to a commensurate burgeoning increase in consumption, spending and market growth."
"There will be unprecedented opportunities for investors seeking to participate in that growth. Aspire's purchase of Mygos, 'My Global Online Shop', early in 2011 may provide a unique new Global venue for Aspire shareholders to potentially obtain a direct stake in the benefits of what will likely be an historic economic shift."
About Aspire International
Aspire International Inc., , is a Maryland corporation whose executive offices are in Toronto, Ontario, 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.
Aspire is also engaged in the acquisition, exploration and development of mineral properties in the Guangxi Zhuang Autonomous Region of southwestern China, prospective in particular for manganese and gold.
The company's principal manganese mining target is a property that 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 a LOI was executed 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, with considerable additional potential to further expand the resource.
Cautionary Note About our Forward-Looking Statements
All of our statements that contain other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of applicable federal securities law. Forward-looking statements may generally be identified by words such as "believe," "project," "expect," "may," "estimate," "intend," "plan," "will," "could," and similar expressions. The Private Securities Litigation Reform Act of 1995 contains safe-harbor provisions for forward-looking statements, and we intend that our forward-looking statements be covered by those provisions.
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 www.centerpointcg.com