AsiaPac Capital Services Continues Business Operations in Face of Trading Suspension
AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP (www.asiapaccapital.ca) advises shareholders that it’s designated sponsor, 886 AG requested that trading in AsiaPac’s stock be suspended on September 15th, 2011 after heavy trading forced the stock down to €0.001 per share. The brokerage firm also decided to withdraw as the sponsor for AsiaPac at that time.
The Company is currently looking to retain a new sponsor firm to replace 886 AG, and has four weeks from the date of 886 AG’s resignation to complete this task and resume trading.
Company president Samuel Lee noted that; “Although this is a regrettable development, shareholders should be advised that this has not affected the Company’s actual operations in any manner. The Company continues to conduct business as usual, and will continue to operate normally while it deals with these issues.”
Disclaimer & Safe Harbor Statement:
This release may contain certain “forward-looking statements” with respect to certain of AsiaPac Capital Services Ltd.’s plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “may”, “could”, “would”, “might”, “will” and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause AsiaPac Capital Services Ltd.’s actual results to differ materially from those anticipated. AsiaPac Capital Services Ltd. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which AsiaPac Capital Services Ltd. operates. The actual results that AsiaPac Capital Services Ltd. achieves may differ materially from any forward-looking statements which are based on management’s beliefs and opinions at the time the statements are made. AsiaPac Capital Services Ltd. does not undertake any obligation to update forward-looking statements should circumstances or management’s beliefs or opinions change.
For further information please contact:
AsiaPac Capital Services Ltd.
Suite 3500
Hudson Bay Center
No. 2 Bloor Street East
Toronto ON
M4W 1A8