AsiaPac Capital Services Open Letter to Shareholders
AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www .asiapaccapital.ca), wishes to update its shareholders regarding recent developments in light of the recent cease in trading of its shares.
Company President, Mr. Samuel Lee, advises; “We continue to search for a suitable sponsor for the Frankfurt Exchange in order to allow our shares to begin trading again. In the meantime, shareholders should know that the Company continues to operate normally. A short summary of current operations is included below.”
Our hydro projects are proceeding through the government approval processes. The Tanudan, Upper and Lower Siffu projects are in the contract negotiation phase with the Department of Energy and awaiting release of the signed contracts from the government, while the Dicapan project is under review of the financial requirements. The Talubin project has been submitted for review, but has not yet been processed by the DOE.
Our coal development projects continue apace, primarily at the Toledo prospect, where small scale mining has begun. Additionally, the drilling rig is now onsite and drilling to further delineate the coal field and prove out reserves is scheduled to begin this November.
Our logistics operations continue to operate normally, and the acquisition of Lewisberg Warehousing and Logistics Corp.(Lewisberg) has now been completed.
We will advise our shareholders via our website regarding updates on the retention of a new sponsor in our efforts to see our stock begin active trading once again.
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