Asia Properties Appoints New CEO

HONG KONG, Feb. 20, 2015 (GLOBE NEWSWIRE) -- Asia Properties ASPZ announced that it has appointed a new Chief Executive Officer to replace Daniel Mckinney who resigned from his position as Chief Executive Officer, President and Director, in January 2015.

The Company is pleased to announce that Mr. Fan Haoran has been appointed Chief Executive Officer and President of the Company.

New CEO, Fan Haoran commented, "I am pleased to take the helm of the Company at this time of our exciting growth. Our subsidiaries will continue to work toward expanding growth and sales and pursuing further acquisitions throughout 2015. We anticipate delivering solid revenues and profits. Our goal is to list on the OTCQX later this year"

API is also pleased to announce that it was approved by OTC markets to start trading on the OTCQB on February 19, 2015. The Company is currently in the process of auditing all its accounts to PCAOB standards.

Mr. Fan concluded, "We are grateful for the contributions of Daniel Mckinney for his sixteen years of service as CEO / director and for his tireless efforts and persistence in restructuring and cleaning up the Company to bring us current in our SEC reporting and to trading on the OTCQB again."

Mr. Fan is a recognized leader of new energy technologies in China and has led the development of a number of registered patents pertaining to environmental and energy applications. He Graduated from the Chengdu Engine Group, Aeronautics and Astronautics Department. He serves as a Director of Guangdong Communication Association and Dongguan Energy Conservation Association as President. He is the Chairman of Guangdong Rong Guang Technical Engineering Co., Ltd.

ASPZ is current in its reporting to the Securities and Exchange Commission and trades on the OTCQB.

About Asia Properties, Inc.

A diversified Utility Company. Founded in 1998, Asia Properties Inc. ASPZ API's Company goal is to deploy capital in Asia, specifically for developing and achieving mergers and acquisitions in the reorganization of quality assets in utilities and in the environmental energy-saving industry in China.

Founded in 2003, Guangdong Rongguang Technology Engineering Co., Ltd is a wholly-owned subsidiary of API and specializes in environmental engineering. The Company is committed to R&D and applications of clean production and environmental energy-saving technology to help enterprises enhance their overall competitiveness through technology.

This press release contains forward-looking statements based on management's expectations and beliefs, and may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.